The Florida Supreme Court on Thursday struck down a state law that placed a $1 million limit on the amount of money people can be awarded in wrongful death cases caused by medical malpractice.
The rise of super-sized container vessels and the opening up of potentially hazardous routes through once-frozen Arctic waters pose the biggest new challenges to ships and their insurers, a report said.
A partly-built high-rise tower in San Francisco whose upper floors collapsed in a major fire on Tuesday was in danger of collapsing further, and a nearby apartment building remained evacuated, a fire official said on Wednesday.
A partly-built high-rise tower in San Francisco whose upper floors collapsed in a major fire on Tuesday was in danger of collapsing further, and a nearby apartment building remained evacuated, a fire official said on Wednesday.
Hannover Re expects to face claims totaling around $42.6 million from the apparent loss of a Malaysia Airlines' jet over the weekend, the reinsurer's chief executive said on Tuesday.
Hannover Re expects to face claims totaling around $42.6 million from the apparent loss of a Malaysia Airlines' jet over the weekend, the reinsurer's chief executive said on Tuesday.
Zurich Insurance Group will cut about 800 jobs globally to save around $250 million per year by the end of 2015 as part of a drive to reduce costs and improve profitability.
Insurance and reinsurance broker Jardine Lloyd Thompson Group Plc (JLT) reported a 13% rise in full-year profit, driven by strength at its specialty risk and insurance business.