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Business Insurance - Web News
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Broker BB&T to buy Crump operations
ROSELAND, N.J.—BB&T Corp.'s planned acquisition of the life and property/casualty operating divisions of Roseland, N.J.-based Crump Group Inc.
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PBGC faces $17 billion in liabilities if AA terminates plans
FORT WORTH, Texas—If American Airlines Inc. terminates its four hugely underfunded pension plans, the responsibility for paying billions of dollars in benefits to plan participants will shift from the airline to the Pension Benefit Guaranty Corp.
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Commercial insurance prices rising— but will it last?
Signs are increasing that the commercial property/casualty insurance market is definitely turning, but it's by no means a hard market yet, according to industry observers.
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PBGC opposes termination of American Airlines pension plans
FORT WORTH, Texas—American Airlines Inc.'s move to terminate its pension plans could launch a legal battle over the airline's plan to shift billions in unfunded benefits to the financially ailing Pension Benefit Guaranty Corp.
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Broker acquisitions pick up as economy improves
Merger and acquisition activity among insurance agents and brokers regained momentum in 2011 with 285 announced transactions.
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Will European financial crisis hit U.S. insurers?
Observers on both sides of the Atlantic say the eurozone sovereign debt problems are not likely to have a direct effect on U.S. insurers, at least not immediately.
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Greenhouse gas lawsuit dismissed in Minnesota
ST. PAUL, Minn.—A district court judge in Minnesota last week dismissed a lawsuit seeking to force the state of Minnesota to reduce the state's greenhouse gas emissions.
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Climate change case to be reheard by Virginia high court
RICHMOND, Va.—The Virginia Supreme Court's decision to rehear a climate change suit has cast uncertainty on what little judicial guidance exists on the issue of insurance coverage in climate change cases.
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