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Environmentalists are on edge as the Costa Concordia cruise liner, which crashed on the Italian island of Giglio two-and-a-half years ago, is dragged through 200 nautical miles of the Mediterranean Sea.
Texas sustained $1.8 billion in 2014 first-half catastrophe lossesincluding $1.4 billion in Q2to lead all states during what was generally a mild stretch for cats in the U.S.
Travelers Cos. must pay more than $500 million to victims of asbestos-related diseases under settlement proposal first approved by a judge in 2004, a federal appeals court in New York ruled.
Travelers Cos., the only property and casualty insurer in the Dow Jones Industrial Average, said second-quarter profit fell 26%, missing estimates, on catastrophe costs.
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