Florida Gov. Jeb Bush has signed legislation (HB 145) that insurance companies say will bring greater equity to the civil justice system by repealing the doctrine of joint and several liability, according to the Property Casualty Insurers Association of America. …
Platinum Underwriters Holdings, Ltd. reported net income of $77 million, or $1.16 per fully diluted common share, for the quarter ended March 31, 2006, a slight increase from the $73 million it earned in the same quarter of 2005. The …
Bermuda-based Aspen Insurance Holdings Limited reported net after tax income for the first quarter of 2006 of $61.8 million, a 13.4 percent decline from the $70.1 million it earned in the same period of 2005. While investment income rose to …
Swiss Re announced the launch of its planned $1 billion rights issue to fund its purchase of GE Insurance Solutions (GEIS). In addition, the company provided further information on its forthcoming hybrid capital offerings. The company stressed that no public …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating (ICR) of “bbb” of the Isle of Man-based Western Isles Insurance Company Limited (WIICL) with a stable outlook. “The …
Global broker Willis Group Holdings Limited held its Annual Meeting of Shareholders today at the School of Risk Management at St. John’s University in New York City. At the meeting, stockholders re-elected the following persons as directors: Joseph J. Plumeri, …
Success for the “Doha Round” of trade negotiations appears to be getting more and more remote. Several recent events have increased the likelihood that the talks – named after the city in Qatar, where they were launched in 2001 – …
A retired steamfitter who claims his asbestos-contaminated work clothes caused his wife’s death can sue Exxon Mobil, owner of a refinery where he worked, New Jersey’s Supreme Court ruled. The oil company should have known Eleanor Olivo was in danger …
Grass Valley, Calif.-based Networked Insurance Agents, Account Placement organization, has appointed Steve Hood to vice president of placement. Prior to joining Networked, Hood spent 17 years at Chubb in a variety of key positions, including California personal lines manager, and …
California Insurance Commissioner John Garamendi has unveiled enhancements to his proposed regulations that will follow through on the promise voters sought when they approved Proposition 103 in 1988 – namely, that the price of auto insurance will depend more on …
