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UK Insurers Already Banned from Paying Ransoms to Terrorist Organizations

The UK Government’s proposal to ban the payment of ransoms by insurers to terrorist organizations, which will be officially presented to Parliament tomorrow, is in fact already inscribed in law, not only by the UK, but also by the U.S., …

Texas Woman Acquitted in Fiancé’s Death; GM Ignition-Switch Blamed

A Texas woman who pleaded guilty to negligent homicide in the death of her fiancé in a 2004 accident involving a since-recalled General Motors Saturn Ion won a reversal of her conviction. Candice Anderson, who was seriously injured in the …

Outlook Revised to Positive for Farmers Union Mutual Insurance Co.

A.M. Best has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “a” for Farmers Union Mutual Insurance Company (FUMI) in Jamestown, N.D. Concurrently, A.M. Best has also affirmed FUMI’s financial strength rating of A (Excellent). The …

Vermont to Enforce Seat Belt Law Over Thanksgiving Holiday

The Vermont Governor’s Highway Safety Program is going to be sponsoring a holiday “Click It or Ticket” campaign to encourage the use of seat belts and child safety seats. Beginning on Wednesday, Nov. 26, motorists in Vermont can expect to …

Allied World Launches Network Security Insurance Product for Canada

Allied World Assurance Company Holdings AG announced the launch of Allied World North America’s privacy and network security insurance product, called Privacy//101SM, which is tailored for the Canadian marketplace. Designed for small to mid-size companies, including law firms, healthcare and …

Alabama Jury Awards Damages in Diamond-Swap Case

A Montgomery County jury has awarded a woman more than $30,000 in damages after she accused a jeweler of swapping a diamond she wanted to re-purpose with one of lesser value. WSFA-TV reported that the Alabama jury awarded DeeDee Nolan …

Abuse Complaints Against Private West Virginia School Released

A former West Virginia boarding school for troubled youths was named in more than a dozen complaints of abuse and mistreatment over the past five years, one involving a student who allegedly volunteered a younger sibling to other residents for …

Markel Names Glisson as Global Insurance President

Markel Corp. said that Britt Glisson has been appointed president of the Global Insurance division. Markel Global was formed following the acquisition of Alterra Capital Holdings by Markel in May 2013. The Markel Global team underwrites marine, professional liability, property, …

Smaller Firms Showing Interest in Cyber Liability Coverage: Aspen’s Vitale

Cyber liability insurance isn’t just for large corporations anymore. Demand for cyber liability insurance is now coming from middle-sized and small businesses, according to an insurance CEO who believes the market potential is tremendous. “Now we see many, many what …

NYC Incurred Record $732M in Legal Costs Last Fiscal Year

New York incurred a record $732 million in legal costs in the last fiscal year, mostly from claims of police abuse, negligence and hiring discrimination, expenses that accelerated under Mayor Bill de Blasio. The amount accrued in settlements and judgments …

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