Specialty
Sears’ Woes Spur Trade Credit Insurance Cutbacks for Suppliers
Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining ...
Brit PLC Grabs QBE’s Aviation Business After Solid Quarter
Brit PLC, a global specialty insurer and reinsurer focused on property, casualty and energy, will snatch up QBE Underwriting Ltd.'s renewal rights to its London-based Lloyd's Aviation Business. ...
Motorists Mutual to Acquire Southeast, Midwest Insurer
Ohio-based Motorists Mutual Insurance Co. has agreed to buy the stock of Consumers Insurance USA, which is based in Murfreesboro, Tenn. Consumers Insurance will become a wholly owned subsidiary of ...
WSJ: Two AIG Execs In the Lead To Become CEO
AIG's heads of property casualty and life-insurance/retirement appear to be the two leading candidates to become the conglomerate's next CEO. As The Wall Street Journal reported, current CEO Robert ...
Warning: Fuel Production Process Heightens Okla. Earthquake Risks
Central Oklahoma is at serious risk of a damaging earthquake, the U.S. Geological Survey and the Oklahoma Geological Survey said, pointing to the injection of wastewater into deep geologic formations ...
NICB Report: Ohio Has Most Metal Thefts in U.S.
Ohio continues to lead the nation in metal thefts, with 1,446 insurance claims made last year, according to a new report. A National Insurance Crime Bureau report said the state reported more than ...
FAA Reports Recent Near-Collision of Jet With Drone
Federal officials say a U.S. jet airliner nearly collided in March with an airborne drone in the sky over Tallahassee, Florida. Jim Williams of the Federal Aviation Administration's unmanned aircraft ...
Class Action Threat: Corp. Bylaws Can Make Suing and Losing Investors Pay Legal Costs, Says Delaware Supreme Ct.
Delaware's Supreme Court has ruled that corporations can adopt bylaws requiring an investor who sues and loses to pay the company's legal costs, potentially upending the economics of a booming type ...