Archive for June 2015

The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp. to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill. The high court left in place a June … The article Supreme Court Rejects BP, Anadarko Appeal of Gulf Spill Fines appeared first…

By Stephanie K. Jones A study of social media posts of millennials — those aged 20 to 35 — found that when this group shares financial concerns online their anxiety decreases significantly even when a purchase or transaction is a completely new experience. To conduct the … The article Study: Social Posts Provide Clues to…

Allied World Assurance Co. is the top backer of MatlinPatterson Global Advisers’ bets on Puerto Rico’s rebound, according to a person familiar with the arrangement. The insurer provided more than half of the $150 million that MatlinPatterson invested in the … The article Allied World Top Backer of Puerto Rico Municipal Bond appeared first on…

The U.S. Supreme Court on Thursday upheld the tax subsidies for health insureds across the country including those in states without their own health exchanges that use the federal health insurance exchange. The following are some of the reactions from … The article Obamacare Tax Subsidy Recipients in Northeast Express Relief appeared first on Insurance…

Dale Randol has been promoted to president and CEO of San Antonio-based IBC Insurance. He replaces his father, Edwin “Eddie” Randol, who becomes chairman of the agency. Both men began their IBC tenures in 2000 when IBC acquired Eddie M. … The article Dale Randol Takes Reins at San Antonio’s IBC Insurance appeared first on…

Severe thunderstorms late last week caused about $200,000 of damage at the newly expanded Bismarck Event Center. A lobby area was flooded by several inches of muddy rainwater, and excess water also damaged six wooden doors and some electrical boxes, … The article Officials Seek Cause of $200K in Damage to Bismarck Event Center appeared…

Ironshore Personal Lines is introducing a Home and Family Security Endorsement to its High Value Homeowner Program to broaden coverage for losses arising from random attacks or situations impacting high net worth families. Designed to meet the needs of high … The article Ironshore Launches Security Endorsement for High Net Worth Insureds appeared first on…

Flooded fields and fickle temperatures put Louisiana farmers and ranchers in a pensive mood as they gathered here for the Farm Bureau Federation Convention, the state’s largest annual celebration of agriculture. “I’m afraid this year is a nail-biter and a … The article Louisiana Farmers, Ranchers Brace for Worst Year Since 2008 appeared first on…

Following the historic Supreme Court decision that same-sex couples have a national right to marry, employers offering domestic partner benefits to unmarried couples may pull back on that offering since employees in all states will be able to marry. Meanwhile, … The article How Supreme Court Gay Marriage Ruling Affects Employee Benefit Plans appeared first…