MetLife Auto Stands By GM Auto Insurance Deal July 13, 2011 MetLife Auto & Home says it sees its direct marketing arrangement with General Motors to provide insurance for new car...
Employment Class Actions Survive Despite Wal-Mart Ruling July 13, 2011 By Moira Herbst The end of the road for a class-action discrimination lawsuit brought by female employees of Wal-Mart Stores Inc. has not...
Mississippi Sues BP Gulf Oil Claims Fund July 13, 2011 By Moira Herbst Mississippi Attorney General Jim Hood filed a lawsuit Tuesday to force Kenneth Feinberg, administrator of BP’s $20 billion fund for...
House Approves Flood Insurance Program Renewal, Reforms July 13, 2011 The House of Representatives has approved a bipartisan bill to reauthorize the federal flood insurance program for five years and...
UPDATE – Validus Tops Allied World’s Bid for Transatlantic July 12, 2011 Validus Holdings Ltd offered to buy reinsurer Transatlantic Holdings Inc for about $3.5 billion in cash and stock, trumping Allied...
Q1 Losses, Solvency II Drive Research on “Non-modeled” Perils Says Aon Benfield July 12, 2011 Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has reported that “catastrophic losses in the first...
S&P Downgrades 6 Cat Bonds; Removes 10 from Negative CreditWatch July 12, 2011 Standard & Poor’s Ratings Services today has removed its ratings on 10 natural peril catastrophe bonds from CreditWatch with negative...
Europe Considers Greek Default Possible; Leaders to Meet July 12, 2011 By Julien Toyer and Luke Baker European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some...
Speers Joins Miller as Head of Legal Matters July 12, 2011 The UK’s Miller announced that Ben Speers has joined the London-based broker as Head of Legal. He will oversee Miller’s...
Best Report Says Takaful Poised for Growth, But Greater Focus Needed July 12, 2011 A new special report from A.M. Best – Takaful Poised for Growth, But Greater Focus is Required – notes that...