U.S.
Florida Flood Policy to be Offered in Six Additional States
A Florida insurance agency that stepped forward last month to offer a private market stand-alone flood coverage policy in Florida has started marketing the policy in six other states. The ...
NYC Sues FedEx for Illegally Shipping Cigarettes to Homes
New York City has sued FedEx Corp, accusing it of illegally delivering millions of contraband cigarettes to people's homes and seeking $52 million in fines and unpaid taxes. The lawsuit, filed in ...
Google Chair Says Missing Social Networks Was Biggest Mistake
Google Inc. Executive Chairman Eric Schmidt said missing the rise of social media was the biggest mistake he made at the world's largest search-engine operator. "In our defense, we were busy working ...
Non-Cat Lines Impacted by Re Rate Drops at 1/1: Guy Carp
Reinsurance brokerage Guy Carpenter reported that its Global Property Catastrophe Reinsurance Rate-on-Line Index fell by 11 percent for the Jan. 1, 2014 renewal and that rate cuts spilled over to ...
Four Airlines Win Terror Insurance Extension
U.S. government insurance that guarantees airlines are covered against terrorism and war was extended for four carriers, including Virgin America Inc., that otherwise would have lost coverage at the ...
Judge Dismisses Katrina Flooding Lawsuits Against Feds
Dozens of lawsuits seeking damages from the federal government for Hurricane Katrina-related levee failures and flooding in the New Orleans area are over. U.S. District Judge Stanwood Duval Jr. has ...
CoreLogic Acquires Catastrophe Modeler EQECAT
CoreLogic, an Irivine, Calif. company that provides the insurance, financial services and real estate industries with data and analytics, has acquired catastrophe modeling firm EQECAT from ABS Group. ...
Bank of America $39M Gender Bias Deal Approved
A federal judge on Friday approved Bank of America Corp's $39 million settlement of a gender discrimination lawsuit by female brokers over objections that the accord would enshrine bias on Wall ...