Mnuchin, Lampert Want Sears D&O Policy to Pay Their Legal Fees August 12, 2019 By Josh Saul Almost four months ago, the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin...
Insurer MBIA Sues Banks Over ‘Financial Tragedy’ of Defaulted Puerto Rico Bonds August 12, 2019 Bond insurance company MBIA Inc. sued several financial institutions on Thursday over their role in underwriting billions of dollars of...
Property Loss Estimate for Australia’s Townsville Floods Rises to A$1.22B: PERILS August 12, 2019 The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb....
Markel Corporation Hires Lecci as Senior Director of Professional Liability in New York August 12, 2019 Markel Corporation has named John Lecci as senior director of Professional Liability. He will be heading up the New York-based...
Delaware Woman Indicted for $16K of Fraudulent Insurance Claims August 12, 2019 A Wilmington, Del., woman was indicted by the New Castle County Grand Jury for insurance fraud and other felony charges....
AM Best Assigns Ratings to Reamstown, Affirms Ratings of Goodville August 12, 2019 AM Best has assigned a financial strength rating (FSR) of A (excellent) and the long-term issuer credit rating (long-term ICR)...
EU Fights Spread of African Swine Fever with 10 Countries Now Affected August 12, 2019 By Daphne Psaledakis The European Union faces an urgent challenge in tackling an outbreak of African swine fever which threatens Bulgaria’s pig breeding...
Germany’s Forests Damaged by Droughts and Wildfires, Stoking Climate Debate August 12, 2019 By Frank Jordans Germany’s forests – long a source of pride and national identity – are feeling the heat. A second consecutive year...
Typhoon Lekima Roars Through Eastern China, Killing at Least 32 August 12, 2019 The death toll from a typhoon in eastern China rose to 32 on Sunday, with 16 people missing, state broadcaster...
HDI Appoints Ryan as Sr. VP, General Counsel and Corporate Secretary in Chicago August 12, 2019 Chicago-based HDI Global Insurance Co. (HDI) has named Patricia Ryan as senior vice president, general counsel and corporate secretary. Ryan...