A federal judge in Rhode Island has ordered Lloyd’s of London dropped from a civil lawsuit filed by victims of the 2003 fire at the Station nightclub. Finding that the insurance policy issued to nightclub owner Michael Derderian was not …
With Gulf Coast residents and the insurance industry trying to recover from the country’s worst natural disaster ever, two Insurance Journal reporters set out to see for themselves the effects of Hurricane Katrina. During the last week of October, Insurance …
The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) reported that President Bush declared a major disaster exists in the State of Alaska and ordered Federal aid to supplement State and local recovery efforts in …
Officials in Nigeria reported Saturday that at least 103 people were killed when a passenger jet went down in stormy weather while attempting to land in the city of Port Harcourt. There were reports that less than a dozen people …
U.S. Transportation Secretary Norman Mineta has provided an additional $40 million to Louisiana and Mississippi as part of the federal government’s commitment to help Gulf Coast states rebuild roads and bridges damaged by Hurricane Katrina. The Federal Highway Administration will …
Transatlantic Holdings Inc. has priced a registered offering of $750,000,000 aggregate principal amount of its 5.75% senior notes due 2015 (the “Notes”). The Notes are being sold at a discount of 0.488% from face value. Of the $750,000,000 aggregate principal …
Bermuda-based PartnerRe Ltd. reported that payment of a distribution on Capital Trust I Preferred Securities will be made on Dec. 30, 2005. Payment will be to shareholders of record on Dec. 20, 2005. The distribution on the Capital Trust I …
State Farm Insurance is issuing refunds to approximately 27,300 automobile insurance policyholders in Ontario, Canada as a result of a reported error in the application of a New Business Discount that was introduced in 2000. State Farm reported this error …
IPC Holdings Ltd. reported that one of its subsidiaries, IPCRe Underwriting Services Limited, had received notice of the intent of Allied World Assurance Company Ltd. to cancel the underwriting agency agreement between the two companies effective Nov. 30, 2007. Under …
Insurance industry members will meet with Georgia senators and representatives during the Jan. 10 annual Georgia legislative reception held by the Professional Insurance Agents of Georgia and the Georgia Surplus Lines Association at the Floyd Building in Atlanta. PIA is …
