Monthly Archives: <span>February 2011</span>

Judge Seeks Narrowing of Sept. 11 Wrongful Death Suit

A judge is urging lawyers in the June trial of the only wrongful death case remaining from the Sept. 11 attacks to see if they can trim the number of defendants, but one lawyer cited lingering questions over how weapons …

Hiscox Posts Good Earnings, Despite a ‘Difficult Year’

Ritchie to Head New Argo Int’l. Paris Branch Office

The Bermuda-based Argo Group International Holdings announced that Bruno Ritchie has joined the company to lead Argo Assurances, Argo Group’s new Paris-based underwriting platform for large specialty risks. The new branch will “initially focus on insurance solutions for space and …

Oklahoma Teacher Disfigured in Fire Opposes Liability Damage Caps

After a lengthy battle with breast cancer, Connie Plumlee was undergoing her last reconstructive surgery when something went horribly wrong. A fire believed to have started from a cauterizing tool in the operating room ignited alcohol on her face and …

Missouri House Votes to Change Workplace Discrimination Laws

The Missouri House has passed legislation that could make it harder for employees to win workplace discrimination lawsuits. The legislation, approved by 95-59 vote, would require people to prove that discrimination was the “motivating factor” when they were fired, rather …

South Dakota Senate Panel Rejects Subrogation Bill

A measure aimed at changing South Dakota’s insurance law to give some injured people a better chance of receiving full compensation for their losses has been rejected by a state Senate committee. However, one of the bill’s main sponsors, Sen. …

Best Affirms Endurance Specialty and Subs ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed the ICR of “bbb” and debt ratings of the …

Aon Benfield Analyzes Chile Quake ‘One Year On’

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has launched its new report: ‘Chile: One Year On’ ,which highlights how the earthquake tested the reinsurance market and outlines steps for insurers to prepare for future catastrophes. …

Ratings Recap: Zurich/Santander, Jasindo

Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on the various operating entities of Switzerland-based insurance group Zurich Financial Services (collectively ZFS), which includes Zurich Insurance Co. Ltd. (ZIC), Ireland-based Zurich …

Most Beaches from Maine to Virginia Found to Be Eroding

A survey of hundreds of miles of New England and mid-Atlantic coastline found that 68 percent of the beaches studied have eroded during the past 150 years, according to a report released this week. The average rate of erosion was …