Med Liability Insurers in Strong Financial Shape, Report Says October 5, 2011 Medical professional liability insurance (MPLI) carriers are in a strong financial position overall and the insurers are exhibiting rate discipline...
The Hartford Plans Staff Cuts; Sells Subrogation Services Unit Trumbull October 5, 2011 By Young Ha The Hartford Financial Services Group said it is expecting to implement a small staff reduction in coming months as part...
Insurers to Send Refunds to 14,149 Massachusetts Motorcycle Owners October 5, 2011 Travelers, Fireman’s Fund and Electric Insurance are the latest insurers to reach a settlement with Massachusetts attorney general’s office over...
N.Y.-based U.S. RE Hires Reinsurance Veteran Polkinghorne October 5, 2011 Global reinsurance broker U.S. RE Corp. has appointed reinsurance veteran Scott Polkinghorne as senior vice president. He will be based...
Chartis to Trim Workforce October 5, 2011 By Young Ha American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 percent...
Towers Watson Acquires N.Y. Investment Advisory Firm October 5, 2011 Global professional services company Towers Watson has purchased WellsCanning, a Valhalla, N.Y.-based investment advisory firm specializing in the insurance industry....
Families of South Carolina Boat Crash Victims Settle October 5, 2011 The families of two women killed in a boat crash on Lake Murray last year will each be paid nearly...
Kentucky Looks to Save by Self-Insuring State’s Vehicles October 5, 2011 Kentucky has started self-insuring state-owned vehicles and expects to save $750,000 a year by doing so. The program took effect...
How One Music Downloader Could Change Copyright Law October 5, 2011 By Erin Geiger Smith In the age of iTunes and an-app-for-everything, Joel Tenenbaum’s battle with the music industry over illegal downloading seems as relevant...
For Allied World, Is No Deal a Better Deal? October 5, 2011 By Brenton Cordeiro Allied World Assurance Co. Holdings Ltd.’s withdrawal from a bidding race for Transatlantic Holdings may have cost it the chance...