A federal appeals panel is asking the Mississippi Supreme Court if state law that limits non-economic damages to $1 million in civil cases is constitutional. The question from a three-judge panel of the 5th U.S. Circuit Court of Appeals, dated …
U.S. District Judge L.T. Senter Jr. has declined to dismiss a whistleblower lawsuit filed against State Farm Fire & Casualty Co. State Farm had sought dismissal of the 2006 lawsuit filed by Cori and Kerri Rigsby, who alleged State Farm …
Swiss Re notes that the “increasing severity and frequency of natural catastrophes are driving up the cost of disaster relief, especially in developing and emerging markets as they are hurt the most and prepared the least.” In a new publication, …
A deeply divided U.S. investigative panel issued a scathing critique of the culture of deregulation championed by Former Federal Reserve Chairman Alan Greenspan, saying the government had ample power to avert the financial crisis of 2007-2009 and chose not to …
Australia’s minority Labor government imposed a reconstruction tax and cut environmental spending on Thursday to help fund the recovery from this month’s devastating floods, and immediately ran into opposition from one of the parties keeping it in power. The plan …
The next step in the launch of the UK’s Managing General Agents’ Association (MGAA) was successfully achieved this week, following the final meeting in a round of consultative discussions with key stakeholders, which “concluded successfully,” said an MGAA bulletin. The …
Risk Management Solutions has analyzed the circumstances pertaining to the bombing at Domodedovo airport in Moscow on Monday, which killed 35 people and wounded 180. RMS said the “attack was perpetrated by a lone suicide bomber, who detonated 15 lbs …
The ACE Group announced that Jeffery Hager has been appointed Regional President, ACE Far East, responsible for ACE’s property and casualty (P&C) and accident and health (A&H) insurance businesses in Japan. He will be based in Tokyo and will report …
The Federation of European Risk Management Associations (FERMA) has expanded its office team with the appointment of Silke Huber as project coordinator. She will be involved with FERMA’s events, particularly the Risk Management Forum and Seminar, website and other projects. …
Zurich Financial Services Group announced the appointment of Patrick Manley (49, Irish citizen) to its Group Management Board, subject to regulatory approval. He has been serving as CEO Europe since the beginning of the year for Zurich’s General Insurance segment …
