The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, according to experts at Fitch Ratings. The ratings agency said industry earnings in 2013 will …
Business owners in Buffalo’s popular Elmwood Village shopping and entertainment district say the city is threatening to pull the plug on a holiday tradition. Local media report that city officials have warned business owners along Elmwood Avenue that they can’t …
The main difference between livestock, or equine, mortality insurance and human life insurance is that a livestock owner, subject to certain conditions, may sometimes euthanize the animal and still collect policy proceeds, according to an attorney whose practice includes a …
The revelation that a New York City commuter train derailed while barreling into a sharp curve at nearly three times the speed limit is fueling questions about whether automated crash-avoidance technology could have prevented the carnage. Safety officials for decades …
A worker was missing and presumed dead after a silo collapsed and spilled 50 tons of corn at a facility that was cited this year for six “serious” safety violations, officials said Tuesday. Rescuers will be unable to recover the …
The owners of a landmark central Pennsylvania restaurant badly damaged in a fire last month say the business will take six to nine months to rebuild. Rosemary Lumadue tells WHTM-TV that the Nov. 10 fire at Visaggio’s “has almost done …
When and whether a vehicle involved in a collision is considered to be “totaled” for first-party insurance purposes is an issue of great angst and confusion for most consumers. We hear horror stories about older, functioning automobiles being “totaled” simply …
Xchanging plc, the business process, procurement and technology services provider, launched its Volume Claims Service (VCS) offering. The concept of dedicated services for low value, high volume claims was introduced by the Lloyd’s market in 2012, with the objective of …
The Kansas Collegiate Athletic Conference recommended that the college basketball player who hit a half-court shot for $20,000 at an Oklahoma City Thunder game be allowed to use the money toward his tuition. Cameron Rodriguez, a 23-year-old forward at Southwestern …
Intuitive Surgical Inc., the maker of a $1.5 million robot surgery system, told doctors that friction in the arms of some of its devices could cause the unit to stall, the second warning the company has issued about its products …