A federal judge on Tuesday threw out a $21.5 million jury verdict awarded to an Illinois man who claimed he was injured during an around-the-world cruise in 2011, after the man’s former assistant came forward to say he had intentionally …
Kevin McCarty, who helped guide Florida’s fragile insurance market in the wake of eight hurricanes a decade ago, announced Tuesday that he is resigning as the state’s insurance commissioner. During his 13-year tenure, McCarty dealt with the near collapse of …
Violent storms that struck the U.S. in December will cost more than $4 billion in damages, about half of which will probably be covered by insurers, according to estimates by Aon Plc. The disasters at the end of the month …
CNA announced the recent appointment of Peter McCarron as senior vice president, Commercial Claim. He will report to Andrew Pinkes, executive vice president, Worldwide P&C Claim. McCarron joins CNA from Zurich North America, where he most recently served as senior …
One of the most important players in the booming drone industry isn’t a hardware manufacturer; it’s the U.S. Federal Aviation Administration. So attendees at the Consumer Electronics Show on Wednesday flocked to hear a policy update from the FAA, which …
Mesh implants used to repair pelvic collapse in women will face new federal scrutiny, under rules responding to thousands of injuries reported with the problem-prone devices. The Food and Drug Administration said Monday that makers of pelvic mesh must submit …
Maine ended the year with 32 motorcycle deaths, the most since 1991, and safety officials say there’s no single factor that seems to be behind the spike. Mild weather that extended the riding season through early December may have contributed …
Kansas’ 124 confirmed tornadoes in 2015 were 83 more than the previous year, tying for the fourth highest number since 1990, according to the National Weather Service’s preliminary data. Eric Metzger, a meteorologist for the weather service’s office in Wichita, …
Every year in North America insurers pay out tens of millions of claim dollars resulting from fires and feed damage caused by the spontaneous combustion and heating of hay mow – a pile of hay stored in or near a …
Roughly 40 percent of all industrial property loss in the United States comes from fire, and fire is the leading cause of commercial property damage. For insurance companies, understanding how fires spread can help save their industrial clients from massive …