Directors at NYMAGIC, Inc.’s annual Board Meeting announced an increase in the size of the Board from 12 to 13 members and the election of David E. Hoffman as a Director. Plans to restructure the Company’s Board of Directors will …
Mark Byrne Retires as Director of White Mountains
A.M. Best Co. has affirmed the A (Excellent) financial strength rating of NIPPONKOA Insurance Company Ltd (NIPPONKOA) (Japan). The rating outlook is stable. The rating reflects NIPPONKOA’s excellent business profile, secure risk-adjusted capitalization and improvement in insurance results. Adding to …
Arthur J. Gallagher & Co. (NYSE: AJG) today announced that its subsidiary, Arthur J. Gallagher (UK) Limited acquired the remaining 50% of its United Kingdom joint venture, Risk Management Partners Ltd, from Am Re Holdings Ltd (UK), an affiliate of …
The law firm of Kasowitz, Benson, Torres & Friedman LLP announced that the US District Court for the District of Delaware has upheld a $4 million international arbitration award against American Life Insurance Company (ALICO), American International Group’s foreign life …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. It also affirmed the “bbb+” rating of the group’s equity security units issued by Platinum …
A proposed constitutional amendment to limit damage awards for medical malpractice is dead, but other cost-saving measures for doctors and insurance companies remain on the table. The other measures include reimbursing obstetricians for some of their medical malpractice insurance, holding …
Calling it California’s best hope for a comprehensive solution to the workers’ compensation crisis, Assemblyman Juan Vargas (D-San Diego), and California Insurance Commissioner John Garamendi announced the introduction of ABX4 15, aimed at reforming the broken workers’ compensation system. Garamendi …
As the California legislature prepares to act on Governor Schwarzenegger’s proposed overhaul of the state’s expensive, dysfunctional workers’ compensation system, the special interest group with the most to reportedly lose from real reform – the California Applicant Attorneys Association (CAAA) …
Target Markets Program Administrators Association’s Mid Year Members Meeting has been set for May 5-7, 2004, at the ACE Conference Center in Lafayette Hill, Pa., just outside of Philadelphia. Twenty-one program carrier members are scheduled to attend the event, which …
