A Warwick man who claimed he suffered brain damage because he didn’t receive proper care during open heart surgery at Rhode Island Hospital has won a $2 million award from a Superior Court jury. With interest, the award could be …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener Staedtische Versicherung AG Vienna Insurance Group (WSV AG; A+/Positive/–), following receipt of final …
The European Commission has proposed shaking up how the European Union’s insurance sector covers risk. Solvency II aims to protect policyholders better and spur competition in the 27-nation European Union while making more efficient use of capital in the industry. …
Toronto-based RBC Insurance announced that it has signed an agreement with Aon Reed Stenhouse that makes Aon its “exclusive broker for competitive and comprehensive commercial property and casualty and trade credit insurance solutions to Canadian business owners.” “RBC Insurance is …
Marsh’s London office announced that it has acquired the assets of The Nielsen-Wurster Group’s Construction Claims & Dispute Resolution business. “As part of the transaction, more than 30 Nielsen-Wurster professionals and staff will join Marsh, including Reza Nikain, president of …
In a recent address Callum McCarthy, the Chairman of the UK’s Financial Services Authority, took stock of the current regulatory regime for financial services in the UK. “The turbulence in financial markets – what the ECB’s [European Central Bank] President …
Lloyd’s asks: “How safe are cranes? And will the recent spate of accidents involving them increase rates for policyholders?” A major indication of a booming construction industry is the number of cranes that punctuate the skylines of cities from New …
A Billings, Mont., physician and anesthesiologist who treated patients with chronic pain has recently settled three medical malpractice lawsuits that claimed the doctor’s negligence resulted in death. Dr. David Healow, who operated a clinic called Pain Control Consultants until it …
Auto thefts on Oahu is down by more than 40 percent over a five-year period. Car thefts dropped from a record high of nearly 8,500 in 2002 — an average of more than 23 vehicles per day — to just …
Montana’s Department of Environmental Quality is seeking comment on a proposed settlement agreement with W.R. Grace & Co. that would provide the agency more than $5 million for costs related to the cleanup of asbestos contamination in Libby, Mont. The …
