Property Insurance
Insurer Case Against Saudi Arabia Tests Sovereign Immunity
Insurer Case Against Saudi Arabia Tests Sovereign Immunity Raymond J Lehmann Sixteen years to the day after a car bomb parked beneath Manhattan's World Trade Center marked the first attack by an al-Qaida operative on U.S. soil, insurers' sub...
Ex-North Dakota Workers' Comp Chief Sentenced to Fine, Commu
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 26, 2009 Thursday 11:55 AM EST 371 words Ex-North Dakota Workers' Comp Chief Sentenced to Fine, Community Service Sean P Carr BISMARCK, N.D. The former workers' com...
House Passes Short-Term Extension for Flood Program
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 26, 2009 Thursday 02:56 PM EST 504 words House Passes Short-Term Extension for Flood Program Raymond J Lehmann WASHINGTON The U.S. House has passed legislation exten...
Gen Re Agrees to $72 Million Settlement in Finite Reinsuranc
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 26, 2009 Thursday 03:58 PM EST 489 words Gen Re Agrees to $72 Million Settlement in Finite Reinsurance Civil Case Alyn Ackermann COLUMBUS, Ohio General Reinsurance...
Reinsurer To Settle Ohio Fraud Suit For $72 Million
Reinsurer to settle Ohio fraud suit for $72 million Tracy Turner The Columbus Dispatch, Ohio McClatchy-Tribune Regional News Feb. 26--General Reinsurance Corp. has agreed to pay $72 million to settle a securities-fraud lawsuit brought by the...
Dinallo to Testify at Senate Hearing on AIG Aid Plan
Dinallo to Testify at Senate Hearing on AIG Aid Plan Alyn Ackermann New York Insurance Superintendent Eric Dinallo is scheduled to appear next week at a U.S. Senate Banking Committee hearing to examine the $150 billion federal rescue plan fo...
N.J. High Court Rules Uninsured Auto Coverage Does Not Apply
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 24, 2009 Tuesday 12:28 PM EST 499 words N.J. High Court Rules Uninsured Auto Coverage Does Not Apply to Drive-By Shootings Chad Hemenway TRENTON, N.J. Mercury Insur...
Competitors Snap Up Two More AIG Execs
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 24, 2009 Tuesday 12:31 PM EST 405 words Competitors Snap Up Two More AIG Execs Meg Green OLDWICK, N.J. American International Group is losing two more key executive...
Bankruptcy Filing for Suspect Pyramid Schemer May Be Convert
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 24, 2009 Tuesday 03:29 PM EST 419 words Bankruptcy Filing for Suspect Pyramid Schemer May Be Converted Sean P Carr LINCOLN, Neb. A court trustee has asked that the b...
N.Y.'s Dinallo: AIG Shouldn't Be Nationalized 'Yet'
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 20, 2009 Friday 03:39 PM EST 513 words N.Y.'s Dinallo: AIG Shouldn't Be Nationalized 'Yet' Raymond J Lehmann NEW YORK New York Insurance Superintendent Eric Dinallo...
Judge Approves $88 Million Settlement of 2005 Bid-Rigging Su
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 20, 2009 Friday 04:25 PM EST 361 words Judge Approves $88 Million Settlement of 2005 Bid-Rigging Suit Against Marsh Alyn Ackermann NEWARK, N.J. A federal judge has a...
Ripples Felt From State Farm's Planned Florida Departure
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 23, 2009 Monday 09:43 AM EST 494 words Ripples Felt From State Farm's Planned Florida Departure Chad Hemenway TALLAHASSEE, Fla. A State Farm Florida customer, faced...
State Farm Agents, Policyholders 'Hold Tight' Together
State Farm Agents, Policyholders 'Hold Tight' Together Chad Hemenway State Farm agent Craig Dewhurst is telling his clients to hold tight until State Farm Florida mulls the conditional approval it received from regulators of its plan to with...
Peanut Farmers Are Not Entitled To Indemnification Of Crop L
Copyright 2009 Strafford Publications, Inc.All Rights Reserved Texas Insurance Law Litigation Alert February 15, 2009 Pg. 5 156 words Peanut farmers are not entitled to indemnification of crop losses at non-quota rate; Barnhill v. Veneman,...
Big Asbestos Case In Montana Town Goes To Trial
Big asbestos case in Montana town goes to trial NICHOLAS K. GERANIOSAssociated Press Writer The Associated Press MISSOULA, Montana_After years of delays, the people of a Montana mining town are getting their day in court to see a major chemi...
Insurers, Advocates Make Cases on Credit Scoring at Florida
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 19, 2009 Thursday 04:54 PM EST 482 words Insurers, Advocates Make Cases on Credit Scoring at Florida Hearing Sean P Carr TALLAHASSEE, Fla. Florida insurance regulato...
Swiss Re Posts 2008 Loss, Cancels Rights Issue
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 19, 2009 Thursday 06:56 AM EST 570 words Swiss Re Posts 2008 Loss, Cancels Rights Issue Marc Jones ZURICH, Switzerland Swiss Re posted a net loss for 2008, and whil...
Valiant Establishes Surplus Lines Company
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 18, 2009 Wednesday 02:15 PM EST 171 words Valiant Establishes Surplus Lines Company Alyn Ackermann NEW YORK Valiant Insurance Group has established Valiant Specialt...
Nevada Approves Workers' Comp Rate Cuts
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 17, 2009 Tuesday 03:40 PM EST 325 words Nevada Approves Workers' Comp Rate Cuts Sean P Carr CARSON CITY, Nev. Nevada Insurance Commissioner Scott Kipper accepted an...
2009 Seen as Transition Year for Captives
2009 Seen as Transition Year for Captives Sean P Carr The growth in captive insurance companies was held hostage for the past year, but regulators and industry participants are optimistic the sector will pick up the pace by the end of 2009....
Florida AG, CFO Distribute Checks From Willis and Aon Compen
Florida AG, CFO Distribute Checks From Willis and Aon Compensation Settlements Chad Hemenway Florida Attorney General Bill McCollum and Chief Financial Officer Alex Sink handed out checks totaling $1.48 million to public entities from a sett...
When Risk Becomes A Four-Letter Word
Copyright 2008 ProQuest Information and LearningAll Rights ReservedCopyright 2008 Rough Notes Co., Inc. Rough Notes December 2008 ENTERPRISE RISK MANAGEMENT; Pg. 78 Vol. 151 No. 12 ISSN: 0035-8525 22286 1516 words WHEN RISK BECOMES A FOUR-L...
Next Come The Lawsuits
Copyright 2008 ProQuest Information and LearningAll Rights ReservedCopyright 2008 Rough Notes Co., Inc. Rough Notes December 2008 Pg. 82 Vol. 151 No. 12 ISSN: 0035-8525 22286 1363 words NEXT COME THE LAWSUITS Zinkewicz, Phil ABSTRACT In Sept...
Marsh: Property Insurers Concentrating on Risk Management
Marsh: Property Insurers Concentrating on Risk Management Marc Jones With a recession biting and the market hardening, property insurers will have to take a long hard look at risk management practices, according to experts at broker Marsh Lt...
BestWeek: State Farm Florida Customers Dipping Toes in Prope
BestWeek: State Farm Florida Customers Dipping Toes in Property Insurance Market Caroline J Saucer State Farm Florida's departure from the property insurance marketplace leaves about 40 domestic insurers to vie for the 1.2 million policies i...
State Farm Florida Withdrawal OK'd, but Insurer Must Let Age
State Farm Florida Withdrawal OK'd, but Insurer Must Let Agents Write for Other Companies Alyn Ackermann Floridas Office of Insurance Regulation has approved State Farm Floridas plan to withdraw from the property insurance market in the stat...
Five Small Auto Insurers Agree to Michigan Rate Freeze
Copyright 2009 A.M. Best Company, Inc.All Rights Reserved BestWire February 12, 2009 Thursday 04:40 PM EST 463 words Five Small Auto Insurers Agree to Michigan Rate Freeze Sean P Carr LANSING, Mich. While five automobile insurance writers h...
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Conn. lawmakers Hold Hearing On AIG Bonuses
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Innovation Group Teams With IBM To Help Reduce
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