Transatlantic Opens Buyout Talks with Berkshire’s National Indemnity August 15, 2011 By Paritosh Bansal Transatlantic Holdings opened talks with a unit of Warren Buffett’s Berkshire Hathaway on Friday over a $3.2 billion takeover offer,...
Banks Seek Liability Shield for Future Home Mortgages August 15, 2011 By Dave Clarke U.S. banks still wrestling with legal troubles springing from the subprime mortgage crisis are lobbying the new consumer agency for...
Exclusive: Unreported Insurance Mergers August 15, 2011 Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is...
First Responder Fees: Insurers Should Expect to Pay More August 12, 2011 By Allan Ray, Marlin Zechman and XL Insurance While fee recovery by fire departments is nothing new, an increasing number of local municipalities have begun to charge for...
Judge Likely to Give French Shoemaker’s ‘Red’ Trademark Claim the Boot August 12, 2011 By Larry Neumeister In a court case that has all sides seeing red, a judge said this week that a French maker of...
EPA Halts Sale of DuPont’s Imprelis Herbicide August 12, 2011 By Jonathan Stempel DuPont Co. was ordered by the U.S. Environmental Protection Agency Thursday to stop selling and recall its Imprelis herbicide, following...
Validus Sues Transatlantic; Offers Look at Books August 12, 2011 By Ben Berkowitz The three-way bidding war for reinsurer Transatlantic Holdings grew more complicated Thursday as hostile suitor Validus Holdings sued the company,...
Martino Named President of Travelers Ocean Marine August 11, 2011 The Travelers Companies Inc. in Hartford has appointed Raymond T. Martino as the president of Ocean Marine. Martino is responsible...
Vertafore Realigns; Names Sonders Senior Executive, Drops 2 Others August 11, 2011 Insurance distribution technology vendor Vertafore has appointed Mark Sonders as senior vice president of sales and client services. Reporting directly...
Do Flat Premums in Q2 Signal Soft Market Is Near Bottom? August 11, 2011 Renewal premiums in the second quarter were essentially flat, suggesting that the soft commercial lines insurance market may be close...