Capstone Associated Services Houston-based Capstone Associated Services Ltd. announced it formed its 100th captive insurance company. Capstone formed its first captive in 1998 and has since formed captives for a variety of middle market businesses with headquarters throughout the United …
Just as state lawmakers forge ahead with new legislative goals for 2011, the insurance industry, agents and their lobbyists are doing the same across much of the Northeast. Some states have already seen and continue to see incremental but noteworthy …
South Carolina House Passes Limit on Punitive Damages The South Carolina House of Representatives approved limits on punitive damages by a vote of 100 to 7. The bill would limit punitive damages to three times the actual damages awarded, or …
The Iowa Supreme Court sided with an insurance agent in a case involving whether the agent has a duty to advise clients as to the need for insurance coverage about which the clients had not inquired. In considering an appeal …
Mercury General, Florida Citing fourth quarter losses in Florida of $19 million, Mercury General said it would begin withdrawing from the state’s homeowners insurance market. The company will send the mandatory 180-day advance notice of its intent not to renew …
The Allstate Corp., the nation’s largest publicly held personal lines insurer, is getting out of the banking business. Discover Bank, a division of Discover Financial Services, is purchasing the $1.1 billion deposits of Allstate Bank and the two have entered …
Missouri Attorney General Chris Koster reached agreements with two companies that the attorney general’s office says violated Missouri’s workers’ compensation law by knowingly failing to report worker injuries to the Division of Workers’ Compensation within the prescribed time frame. Attorney …
Kenneth Feinberg, the administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come under the jurisdiction of a federal judge in …
E&S Creativity “Creativity has always been the backbone of the non-admitted world.” — Alan Kaufman, president and CEO of Burns & Wilcox In Denial “One thing we as a society don’t really do anymore is build for where we live. …
Iran’s biggest crude oil tanker operator, NITC, said on Friday that its club of ship insurers had declined to renew policy cover for the coming year due to the impact of tightening sanctions in the European Union. Western nations suspect …
