Insurers Begin Employing IBM’s Supercomputer Watson February 11, 2013 By Jim Fitgerald Dr. Watson is accepting new patients. The Watson supercomputer is graduating from its medical residency and is being offered commercially...
Best Affirms Beazley’s Lloyd’s Syndicates Ratings ; Downgrades Holding Co. ICR February 11, 2013 A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit...
Arbitrators Press Ecuador to Halt Chevron Judgment Enforcement February 11, 2013 By Braden Reddall An international tribunal weighing in on Chevron Corp’s long-running legal dispute over pollution in Ecuador has found the country in...
New MGA Ascent Underwriting Launched in London; Targets Emerging Cyber Risks February 11, 2013 Ascent Underwriting, a specialist Managing General Agent (MGA) providing coverage for emerging cyber risks, has been launched in London, targeting...
Montpelier Re Reports $27 Million Q4 Net Loss; FY 2012 Net Income of $214 Million February 11, 2013 Bermuda-based Montpelier Re Holdings Ltd. reported an operating loss for the fourth quarter of 2012 of $0.31 per common share...
PartnerRe Reports $111.5 Million Q4 Net Income; FY 2012 $1.1345 Billion February 11, 2013 Bermuda-based PartnerRe Ltd. reported net income of $111.5 million, or $1.56 per share for the fourth quarter of 2012. The...
IAG Updates Loss Estimates from Australia’s Floods and Fires February 11, 2013 Insurance Australia Group’s Australia Direct and CGU businesses announced that they have “so far received over 13,700 claims arising from...
Mississippi Court Stands by Ruling on Pre-Need Funeral Policies February 10, 2013 The Mississippi Supreme Court has declined to hear more appeals in a pre-need funeral services contracts dispute between two Oxford...
Florida Court Sides with Bank in Key Mortgage Liability Case February 10, 2013 By Jessica Dye Florida’s highest court has ruled a homeowner cannot re-open a voluntarily dismissed foreclosure case despite allegations that the bank falsified...
Northeast Blizzard Hit Like a Hurricane February 10, 2013 By Edith Honan and Tim McLaughlin A blizzard packing hurricane-force winds hammered the northeastern United States on Saturday, cutting power to 700,000 homes and businesses, shutting...