There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership: Hardy, acquired by CNA; Omega, acquired by Canopius, and …
Leading U.S. car rental companies have agreed to back Senate legislation to pull vehicles from the road when recalled for safety defects. The legislation brings car rental companies in line with auto dealers, who are barred from selling a car …
A Massachusetts court recently ruled in favor of insurer Lloyd’s in a dispute over a commercial property and general liability policy excluding coverage for independent contractors. The insured, a property development firm called Cable Mills LLC, and its insurance agency …
October 11, 2012 The Real Meaning of the Property Damage Exclusion in the CGL Mary Anne Medina, Vale Training Solutions October 17, 2012 Insurance Distribution and Marketing Chris Burand, Burand & Associates LLC October 18, 2012 OCIP’s (1 of 2), …
AmWINS North Carolina-based insurance wholesaler AmWINS Group Inc. has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on specialty insurance products. Based in Kansas City, the MGU will …
New Jersey regulators held their first captive insurance summit on Sept. 19 in Somerset, N.J. The event, hosted by the department of banking and insurance, attracted some 80 industry executives. Regulators took the opportunity to discuss New Jersey’s captive law …
A suburban Denver man who was diagnosed with “popcorn lung,” possibly from inhaling the artificial butter smell of the microwave popcorn he regularly ate, has won a $7.2 million verdict against various food companies. Wayne Watson’s attorney, Ken McClain, said …
The West Virginia Supreme Court has decided that the newly created business court division will be headquartered in Martinsburg. The business court will focus on complex issues that arise in commercial litigation such as contract and shareholder disputes, trade secrets …
Texas Wholesale Insurance Coalition A group of Texas-based managing general agents/brokers has formed the Texas Wholesale Insurance Coalition (TWIC) with the goal of enhancing their markets, attracting Texas retail agency partners, and gaining economic efficiencies necessary to compete with the …
Digital, Strategic Benefit Solutions Employee benefits agency Digital Insurance in Atlanta has acquired Strategic Benefit Solutions of Raleigh, N.C., and merged it with its local office of Digital Benefit Advisors (DBA). Strategic Benefit Solutions President Henry D. Stewart joins the …
