Lexington Insurance Co., a Chartis company, has introduced LexAir Transport Rx, primary aviation liability insurance that is specifically designed for the non-owned aviation operations of hospitals nationwide. This new primary insurance is available as a coverage part to complement Lexington’s …
Rhode Island-based Gencorp Insurance Group has appointed Robert Bikash to oversee the company’s financial and administrative planning. Bikash most recently served as finance director and business manager of a landscape architectural business in Rhode Island and formerly served as financial …
Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality. Although the …
Bermuda-based, London headquartered insurer Catlin announced the launch of its third Arctic Survey, which it said “will focus on evolving conditions in the Arctic Ocean that could cause changes in ocean currents that influence the prevailing climate of Europe and …
UK-based specialist insurer Amlin plc announced that its wholly owned subsidiary, Amlin Corporate Services Limited, has agreed and has completed the acquisition of J R Clare Underwriting Agencies Limited (JCUA) from John Clare. Amlin described JCUA as a “managing general …
Standard & Poor’s Ratings Services has published its updated methodology for assessing insurers’ economic capital models on Jan. 24, 2011. S&P said the announced criteria “apply to all the life and health insurers, property and casualty insurers (frequently called non-life …
A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa Cooperativa. …
The Alabama Supreme Court has thrown out a $3.2 million judgment against a Montgomery hospital, ruling for the first time that a hospital affiliated with a state university shares the state’s immunity from lawsuits. In their 5-3 decision released on …
Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a ‘massive fraud” when they bought mortgage-backed securities. The lawsuit was filed on Monday in a New York state court by 12 plaintiffs …
Most Americans do not want Congress to block funding for various new healthcare measures even as the nation remains split on the sweeping overhaul passed last year, a poll published Tuesday found. More than half of those surveyed — 62 …
