News Corp. on Monday said it recovered a $139 million in insurance proceeds in a settlement with shareholders over the board of directors’ actions related to the company’s phone hacking scandal and its acquisition of Shine studios. The company said …
A state panel looking at soaring workers compensation rates in Delaware is considering a two-year freeze on inflation-based fee increases for medical providers. The proposal is one of several the panel was to consider at its meeting on April 19 …
The police union that represents the officers who responded to the Sandy Hook Elementary School shooting is still hoping to change Connecticut’s law and extend workers’ compensation benefits to first responders who’ve suffered mental illness after experiencing a traumatic event …
A suburban Philadelphia man has decided to drop his legal battle against a Canadian couple he claimed had schemed to buy, and then burn down, his historic 19-bedroom mansion in an insurance-fraud plot. The Philadelphia Inquirer reported on April 18 …
Bermuda-based Brit Insurance and Maiden Holdings, Ltd. have announced a temporary 100 percent quota share reinsurance of Maiden’s Excess and Surplus (E&S) unit, Maiden Specialty, with Brit Global Specialty. The bulletin said the “arrangement will shortly evolve into Brit assuming …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Vermont-based captive insurer Saturn Insurance Inc. ,both with stable outlooks. Saturn is a captive of BP plc, …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A’- (Excellent) and issuer credit rating of “a-” of Delaware-based Canopius US Insurance, Inc. (formerly Omega US Insurance, Inc.). The outlook assigned …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the subsidiaries of Michigan-based Meadowbrook Insurance Group, Inc. (MIGI), which operate …
Global professional services company Towers Watson has augmented its crisis management brokerage and consultancy operation with the appointment of three senior specialist insurance brokers. Mark Steddon, based in London, has joined as the global head of terrorism and political violence …
China’s worst earthquake in three years on Saturday killed at least 207 people and injured 11,500, 960 of them seriously, according to the latest figures available from China’s Ministry of Civil Affairs. The magnitude 6.6 quake hit a remote mountainous …
