Cruise Ship Wins $24 Million in Florida Suit Against Rolls-Royce January 7, 2011 A jury has awarded $24 million to Carnival Corp. in its lawsuit against Rolls-Royce PLC involving claims of a faulty...
Connecticut Woman Settles Suit Against Hospital January 7, 2011 A New London woman and Lawrence & Memorial Hospital have settled a lawsuit in which the woman claimed the hospital...
House Lets Stand Mississippi Gov. Barbour’s Veto of Windpool Funds January 7, 2011 The Mississippi House has failed to override a governor’s veto of legislation that would have placed a $20 million subsidy...
Bond Insurer Sues Goldman Sachs Over Abacus Deal January 7, 2011 By Ben Berkowitz Bond insurer ACA Financial Guaranty Corp. sued Goldman Sachs Group Inc. on Thursday, alleging it was deceived into insuring a...
Ratings Recap: Tokio Marine Pacific, Malaysian Re, Kazakhinstrakh, Ansvar January 7, 2011 A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Guam-based...
Best Upgrades Am. Country, Am. Service after Kingsway Public Offering January 7, 2011 A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘B’ (Fair) from ‘B-‘ (Fair) and issuer credit ratings...
New York Insurers Applaud Plan to Merge State’s Regulatory Arms January 7, 2011 By Kenneth J. St. Onge A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the...
Brooks Named Eastern Zone Vice President for Farmer’s January 7, 2011 Farmer’s Insurance Group has named Todd Brooks senior vice president of its eastern zone, which comprises the states of Alabama,...
Omega Raises NZ Quake Estimates to $16.8 Million; Australia Floods January 7, 2011 Bermuda-based Omega Insurance Holdings Limited, which is also a leading LLoyd’s insurer, has issued a revised estimate of the losses...
Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed January 7, 2011 By Daniel Munoz Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some...