Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm. In the long run, the devastation the storm inflicted on …
XN Financial Services, a specialist insurance products provider, named Adam Golder its director of UK Operations. Based in London, he reports to Paul Coleman, executive vice president, XN Financial. Golder is responsible for regional business development and oversight of operational …
Former beer baron August Busch IV has agreed to pay $1.75 million to settle a wrongful death lawsuit over his former girlfriend’s accidental drug overdose death. The St. Louis Post-Dispatch reported that a judge approved the settlement Tuesday. The money …
Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don’t cover flooding damage, and the vast majority of homeowners don’t have flood insurance. Yet it’s likely that …
The Connecticut insurance department issued a notice alerting the insurance industry that companies may not impose a hurricane deductible on Connecticut claims related to superstorm Sandy. “Please be advised based on information received from the National Hurricane Center and the …
With looming legal deadlines related to the 2010 BP oil spill, dozens of shrimp processors along the Gulf Coast face a difficult dilemma, with either decision having the potential to jeopardize the future of their businesses and the region’s seafood …
Catastrophe modeling firm AIR Worldwide estimates that insured losses from Sandy to onshore properties in the U.S. will be between $7 and$15 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their …
Record heat and extended drought sparked a huge increase in the number and severity of wildfires in South Dakota this year, forcing the state to spend nearly five times what it spent to battle blazes last year. The number of …
A South Dakota man who was burned in a controlled grass fire in the Nebraska border town of Whiteclay is suing local authorities for negligence. Bryan Bluebird, of Pine Ridge, says authorities failed to spot him lying in a field …