Fewer class-action lawsuits alleging accounting improprieties were filed last year in the United States, but those that were settled in 2012 carried a higher price tag, according to a study from Cornerstone Research. As two major trends driving accounting class …
Atlas General Insurance Services in San Diego, Calif. has acquired South Bay Underwriters from Bliss & Glennon, a Redondo Beach-based national managing general agency and surplus lines broker. The firms said that upon closing of the transaction, scheduled for May …
A.M. Best Asia-Pacific Limited has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Vietnam’s PVI Reinsurance Company (PVI Re). Best said the ratings reflect PVI …
Britain’s new watchdog announced sweeping changes in financial regulation on Wednesday, telling banks they can no longer blame customers when products go wrong and promising to study how consumers behave to make sure they can make the right decisions. The …
The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the proposed U.S.-EU Trade agreement to include mutual recognition of the U.S. and EU regulatory systems. “The European Union (EU) and …
Specialist insurance and reinsurance broker Miller Insurance Services LLP announced that facultative reinsurance specialist Nick O’Neil has joined its team in Singapore in a new business development and client servicing role. Nigel Cross, Head of Singapore and Asian Facultative Reinsurance …
Munich Re announced that it is supporting a prevention project in a region in India that is prone to earthquakes. The two-year project in conjunction with GeoHazards International, is aimed at protecting people, buildings and infrastructure in Aizawl, a city …
Texting by the pilot of a medical helicopter contributed to a crash that killed four people, federal accident investigators said this week as they approved a safety alert cautioning all pilots against using cellphones or other distracting devices during critical …
While lawmakers in most states have introduced measures in their current legislative sessions that address gun control and gun liability issues, their approaches vary widely, largely depending on the area of the country in which their states are located. Legislation …
CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, announced Kevin Bresnahan has joined the company as director of claims. Bresnahan brings 20 years of experience to his role. He comes to CMIC from Discover RE/Travelers …
