As Small Business Shrinks, Small P/C Insurers Lose January 11, 2011 The property/casualty small business sector—those accounts with less than 50 employees—has shrunk substantially since 2007, and there has been a...
2011 to Be Key Year in Employment Liability January 10, 2011 The year 2010 was an important one for employment-related class action litigation and 2011 could see even more far-reaching judgments...
Starr Indemnity Launches Primary Commercial Auto Facility January 10, 2011 Starr Indemnity & Liability Company, Inc. (Starr Indemnity) has launched primary commercial auto to complete their primary casualty offerings. “With...
Liberty Mutual Continues Fight with AIG As Other Insurers Settle January 10, 2011 By Andrew G. Simpson American International Group has negotiated a $450 million settlement with seven of its competitors in the protracted litigation over its...
Jan. Reinsurance Renewals Saw ‘Orderly Rate Softening,’ Says Towers Watson January 10, 2011 Record reinsurer capital levels, strong reinsurer capacity, an absence of major catastrophe losses in the U.S. and competitive pressures helped...
Brooks Named Eastern Zone Vice President for Farmer’s January 7, 2011 Farmer’s Insurance Group has named Todd Brooks senior vice president of its eastern zone, which comprises the states of Alabama,...
Best Upgrades Am. Country, Am. Service after Kingsway Public Offering January 7, 2011 A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘B’ (Fair) from ‘B-‘ (Fair) and issuer credit ratings...
Bond Insurer Sues Goldman Sachs Over Abacus Deal January 7, 2011 By Ben Berkowitz Bond insurer ACA Financial Guaranty Corp. sued Goldman Sachs Group Inc. on Thursday, alleging it was deceived into insuring a...
Lydecker, Downs Named Brown & Brown Regional Presidents January 7, 2011 Brown & Brown Inc. reports that Charles H. Charlie Lydecker has been elected regional president responsible for a number of...
AIG Recapitalization Could Happen Next Week January 7, 2011 The recapitalization of bailed-out insurer American International Group Inc. is likely to close next week, a person familiar with the...