Archive for March 2016

Brit Ltd., the global specialty insurer, has launched a Lloyd’s consortium for commercial general aviation. Now quoting business, the consortium is being led by Brit with capacity also being provided by Kiln, Hiscox, Apollo and Pritchard, and is the only … Read More Read more here:: Insurance Journal       

A maintenance worker at Yellowstone National Park in Montana said a park concession company retaliated against him after he reported that he and five other employees were exposed to asbestos at a more than century-old lodge. Jon Kline told The Associated … Read More Read more here:: Insurance Journal       

Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast, has hired Cindy Prouty as regional vice president of Eastern Massachusetts. In this position, Prouty is responsible for membership service, development, and insurance company relations … Read More Read more here:: Insurance Journal       

An escalator fire sent smoke billowing into parts of Las Vegas’ glitzy Caesars Palace, sending three hotel workers to the hospital with smoke inhalation and leading to an evacuation early Monday, officials said. The blaze reported about 3:30 a.m. came … Read More Read more here:: Insurance Journal       

Percy Chubb, III, the former vice chairman of The Chubb Corp., has died at the age of 81. Pi Chubb, as he was known, was the great-grandson of Thomas Caldecot Chubb and grandson of Hendon Chubb, who founded Chubb & … Read More Read more here:: Insurance Journal       

The city of Los Angeles has agreed to spend up to $30 million to settle a lawsuit that challenged widespread injunctions that restrict the movements of thousands of suspected gang members. The City Council voted to fund nonprofit organizations to … Read More Read more here:: Insurance Journal       

A woman has filed a nearly $1 million lawsuit against a Florence, Ore. nursing home that cared for her 83-year-old father, claiming that it didn’t do enough to address health symptoms that led to his death. The Register-Guard reported that … Read More Read more here:: Insurance Journal       

The U.S. Supreme Court on Monday stepped into the high-profile patent fight between the world’s two fiercest smartphone rivals, Apple and Samsung, agreeing to hear Samsung’s appeal of what it contends were excessive penalties for copying the patented designs of … Read More Read more here:: Insurance Journal       

Long after leaving American International Group Inc., members of the Greenberg family are expanding financial ties through companies they now oversee. Evan Greenberg’s Chubb Ltd., previously known as Ace Ltd., has paid more than $650 million in commissions over the … Read More Read more here:: Insurance Journal