Florida’s Citizens Cutting Back on Coverage November 7, 2011 By Michael Adams Florida homeowners who insure their homes through the state-run property insurer, Citizens, will have less coverage available next year. Citizens...
XL Appoints Seib as Excess Casualty Team President in New York November 7, 2011 XL Group’s North America property/casualty insurance group appointed Lorraine Seib as president of its excess casualty team. Based in New...
Insurers, Policyholders Clash Over Business Interruption Claims November 7, 2011 By Young Ha Over the years, insurance companies and policyholders have been arguing in courts over how to calculate business interruption losses during...
Investors Want ‘Secrecy’ Lifted in BofA Mortgage Securities Deal November 7, 2011 By Karen Freifeld Investors want to lift the “shroud of secrecy” over the proposed $8.5 billion settlement of Bank of America Corp.’s mortgage-backed...
Halliburton Sued Over Pollution at Oklahoma Missile Casing Site November 7, 2011 Halliburton Co. faces lawsuits over groundwater pollution near a now-closed facility in Oklahoma that cleaned missile casings for the U.S....
Wisconsin Teen Settles Police Dog Bite Claim November 7, 2011 A Wisconsin teen who sued after he was bitten by a police dog has settled the case for $210,000. Seventeen-year-old...
Zolty Joins LIG Marine Managers November 7, 2011 St. Petersburg, Fla.-based LIG Marine Managers announced that Richard C. Zolty has joined LIG as senior ccnsultant and longshore insurance...
Ratings Recap: Tokio Millennium Re, Alterra Re Europe, Harmony General November 7, 2011 A.M. Best Co. has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit rating...
Settlement Near in West Virginia Sago Mine Disaster November 7, 2011 A West Virginia judge will consider approving a settlement in the six remaining wrongful-death lawsuits filed by the families of...
Aon Appoints Manwaring to Lead Legal Indemnity Practice November 7, 2011 Aon Risk Solutions, the risk management business of Aon Corp, announced the appointment of Mark Manwaring as client director responsible...