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New Zealand's South Island rocked by magnitude 7.0 earthquakeCHRISTCHURCH, New Zealand (Bloomberg)—A magnitude 7.0 earthquake struck New Zealand's South Island Friday morning, knocking out power, damaging buildings and rupturing pipes in Christchurch, the country's second-largest city, according to reports.
Court bars R-T Specialty from using AmWINS client list
NEW HAVEN, Conn.—A federal court recently issued a court order in favor of wholesale insurance broker AmWINS Group Inc.
Hurricane Earl weakens after swiping North Carolina
MANTEO, N.C. (Reuters)—Hurricane Earl slapped North Carolina's coast with heavy wind and surf Friday and then weakened as it swirled up the U.S. eastern seaboard toward New England and Canada as a much tamer storm than feared.
U.S. insured losses from Hurricane Earl limited: Modelers
BOSTON—Risk modelers said Friday that they do not expect significant insured losses in the U.S. Southeast from Hurricane Earl.
BP replacing failed blowout preventer
HOUSTON—BP P.L.C. was working Friday to remove the failed blowout preventer from the Deepwater Horizon oil rig that leaked millions of barrels of oil into the Gulf of Mexico.