Aon plc reported results for the three months ended March 31, 2014, posting net income attributable to Aon shareholders of$325 million, or $1.06 per share, compared to $261 million, or $0.82 per share, for the prior year quarter. “Net income …
Bermuda-based Validus Holdings, Ltd. Reported net income available to Validus for the three months ended March 31, 2014 of $162.4 million, or $1.66 per diluted common share, compared to $223.2 million, or $1.90 per diluted common share, for the three …
Willis Group Holdings has appointed David Martin as Chief Executive Officer of Willis Limited, the Willis Group’s principal UK regulated entity, effective as of May and subject to FCA approval. Martin succeeds Steve Hearn as CEO and takes over responsibility …
Few industries understand the concept of risk better than the insurance sector. But what about infringement risk? Sharing published information is essential to a company’s ability to thrive. Whether developing new insurance products, keeping abreast of state and legislative regulatory …
Even as it deals with hot-button issues like campaign financing and affirmative action, the U.S. Supreme Court has patents on its mind these days. The court, which has already heard four patent-related cases this term, will hear two more this …
Florida lawmakers have approved legislation that supporters say will uphold a policyholder’s constitutional right to bear arms by preventing insurers from using gun ownership in underwriting. The Florida House of Representatives by a 77 to 44 margin signed-off on the …
A.M. Best has downgraded the financial strength rating of Calif.-based Springfield Insurance Co., a carrier focused on workers’ compensation. The financial strength downgrade was to B- (Fair) from B (Fair) and the issuer credit rating was dropped to “bb-” from …
The city of San Francisco has sued two landlords for allegedly evicting tenants to rent out rooms on such websites as Airbnb, opening a new front in a controversy over increasingly popular home-rental services. In separate lawsuits filed by City …
Safety National Casualty Corp., an excess workers’ compensation and provider of large casualty offerings, has introduced Safety National Crisis Protection – a crisis management and extraction benefit provided exclusively for Safety National’s excess and large deductible workers’ compensation policyholders. This …
Crestbrook Insurance Co., an affluent market personal lines carrier, has expanded into Arizona. Independent insurance agents and brokers appointed with Crestbrook in Arizona are now able to offer the property and casualty carrier’s products and services to their affluent clients. …
