The fourth annual edition of AIG’s M&A Claims Intelligence Series reveals increases in the severity and long-tail nature of M&A claims that, coupled with a competitive marketplace, declining rates and broadening terms and conditions, could mean serious challenges to profitability — and an increased likelihood of higher rates.

Philadelphia Energy Solutions (PES) on Wednesday confirmed it will soon close its South Philadelphia oil refinery after last week’s devastating explosions and resulting fire and “position the refinery complex for a sale and restart.” Wholesale gasoline prices surged on news of a closure.

CLM’s newly formed Cannabis Committee aims to promote education on claims and litigation management relative to all aspects of the cannabis industry, including current legal and regulatory compliance, claims handling, and litigation management best practices that are unique to this highly regulated and quickly expanding industry.

A leading record company is under fire after a 2008 blaze destroyed music by big-name stars. Universal Music Group was hit with a $100 million lawsuit by grunge group Soundgarden, the estates of rapper Tupac Shakur and rocker Tom Petty, and others over the fire at Universal Studios Hollywood more than a decade ago.

Two marinas in Kentucky have been heavily damaged after the area was struck by severe storms and tornadoes. The Marshall County Emergency Management Agency praised emergency services on two separate occasions for their response to the extreme weather which has battered the county over the past few days.

Alternative energy insurers are finding that frequency and severity in solar and wind farm losses are greater than they ever imagined. Four or five years back, maybe more, a host of insurers were keen to get into the alternative energy space. The risks were seen as relatively benign, capacity was ample and rates were low.

The death toll on Saturday rose to 11 from the fiery crash of an aircraft that took off on a sunset skydive flight in Mokuleia and became one of Hawaii’s deadliest civilian aviation disasters.

International loss adjustment firm Charles Taylor Adjusting (CTA) has its sights set on growth in the US market. Its growth initiative started in January 2017 with the appointment of seasoned claims expert, Vince Cole, as chief executive officer of US operations. Under Cole’s leadership, CTA has enjoyed significant organic growth, doubling its revenues and earnings every quarter for the last nine quarters, and the firm has no intentions of slowing down.

The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast’s largest refinery, sources familiar with the matter said on Sunday.

A massive fire at Philadelphia Energy Solutions Inc’s oil refinery on Friday damaged the largest U.S. East Coast plant to the point that it could remain shut for an extended period, according to Philadelphia city officials and company sources.

Two semitrailer truck drivers have been killed in a multi-vehicle crash on I-41/94 in Racine County. All lanes of the highway were closed just after 11 a.m. Wednesday because of the crash. The southbound lanes lanes reopened at Ryan Road at about 8:30 p.m. Wednesday.

TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year. Highlighted findings include: theft from road vehicles once more accounts for the highest proportion at 84%....

A federal appeals court on Monday threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver for companies once run by Allen Stanford, the Texas financier serving a 110-year prison term for running a large Ponzi scheme.

Companies dedicate significant resources to avoiding data breaches and managing other cyber risks. As a result, cybersecurity is a growing field within larger corporate IT, and has caught the eye of senior management.

Structural design deficiencies, failure to recognize the magnitude of widening cracks, oversights by the design build contractor, and failure to close a Miami street underneath a bridge are just a few of the problems that contributed to the deaths of one employee and five motorists and the permanent disability of another employee when the structure collapsed last year, according to a new report.