Judge Halves Jury’s $1 Billion Punitive Damages Award in J&J Hip Implant Case January 4, 2017 By Jef Feeley Johnson & Johnson won a ruling cutting almost in half a $1.04 billion jury award to patients who accused the...
Israeli Government Opposes Sale of Insurers to Chinese Investors: Source January 4, 2017 By David Wainer Israel’s Finance Ministry opposes the sale of insurance companies to Chinese investors because it’s hesitant to put pension money in...
RenaissanceRe Forms Special Purpose Insurer Fibonacci Re January 4, 2017 Renaissance Reinsurance Ltd. announced the formation of Fibonacci Reinsurance Ltd., a special purpose insurer domiciled in Bermuda. Fibonacci Re was...
Ryan Specialty Group Buys Navigators’ Agency Operations in Sweden, Denmark January 4, 2017 Ryan Specialty Group LLC has acquired The Navigators Group Inc.’s insurance agency operations in Sweden and Denmark. The transaction represents...
Global Natural Catastrophes Cost Insurers $50B in 2016: Munich Re January 4, 2017 Insurers paid out around $50 billion for natural disaster claims last year, almost double 2015’s payout of $27 billion, reinsurer...
Swiss Re Corporate Solutions Names Schmaler as Head of MENA January 4, 2017 Swiss Re Corporate Solutions has appointed Falk Schmaler as head of Middle East and North Africa (MENA). In his new...
Florida Judge Finds Pollution Notification Rule is Invalid January 4, 2017 A Florida judge says a rule requiring companies to notify the public of pollution events within 24 hours is invalid....
AIG Completes Sale of Mortgage Unit to Arch Capital for $3.4 Billion January 4, 2017 American International Group said it has completed the $3.4 billion sale of its mortgage guaranty unit to Arch Capital Group....
Police in Savannah, Georgia Urge Vigilance After Rise of Business Burglaries in 2016 January 4, 2017 Police records show business owners in Savannah, Ga., reported a significant increase in burglaries during 2016. Crime reports by Savannah-Chatham...
Homes on West Virginia’s Wheeling Island Damaged by Fire January 4, 2017 Authorities are searching for the cause of a fire that tore through a row of houses on Wheeling Island, W....