Archive for February 2017

Skuld, the Oslo, Norway-based marine insurance provider, announced the appointment of Krester Krøger Kjær as head of Skuld Copenhagen. Krøger Kjær succeeds Helle Lehmann who, after eight years in the role, has decided to step down and pursue new opportunities. … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Japan’s Takata Corp. removed a major obstacle to its potential sale or restructuring, pleading guilty on Monday in a U.S. federal court to a felony charge as part of a $1 billion settlement that included compensation funds for automakers and … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trump’s victory in … Read More Read more here:: Insurance Journal       

The National Weather Service has confirmed that a tornado with winds up to 110 mph touched down in western Massachusetts. Meteorologists say the EF-1 tornado touched down Saturday evening in Conway in Franklin County. The weather service says most of … Read More Read more here:: Insurance Journal       

Six University of Connecticut students were charged Friday with alcohol-related offenses connected to the death of a student who was run over by a fire department vehicle after leaving a party last fall. The students had been hosting an off-campus … Read More Read more here:: Insurance Journal       

By Don Jergler The Arizona Senate approved a bill to raise the minimum amount of liability coverage drivers are required to carry on auto insurance policies, a proposal backers say is needed to protect accident victims from loss. The bill by Sen. Kate … Read More Read more here:: Insurance Journal       

By Don Jergler California Gov. Jerry Brown is calling for a boost in spending on water and transportation infrastructure as the waterlogged state grapples with an emergency dam repair, frantic levee fixes and catastrophic road damage caused by storms. The Democratic governor redirected … Read More Read more here:: Insurance Journal       

By Don Jergler Updated earthquake concerns for Mossyrock Dam, the tallest structure of its kind in Washington, have prompted Tacoma Power to commit to a new, reduced water level at Riffe Lake that will likely stretch well into the next decade. The Chronicle … Read More Read more here:: Insurance Journal       

Police say a man working on a house under construction in Duxbury, Mass., has died in a fall from the roof. The Patriot Ledger reports that police and firefighters were called to the construction site at around 7:45 a.m. Tuesday following … Read More Read more here:: Insurance Journal