Florida Supreme Court Rejects Rule on Medical Malpractice Expert Testimony December 16, 2013 By Brendan Farrington The Florida Supreme Court refused last Thursday to adopt a state rule reflected in a law that creates restrictions on...
Mississippi AG Charges 3 with Insurance Fraud December 16, 2013 Three Biloxi residents have been arrested and charged with insurance fraud, Mississippi Attorney General Jim Hood said. Hood’s news release...
South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board December 16, 2013 A Clarendon County jury has awarded $890,000 in damages to a man after members of the governing board at his...
Ex-Insurance Agent Participated in West Virginia Arson Scheme December 16, 2013 A former West Virginia insurance agent has admitted to his role in an arson scheme in Logan, according to a...
GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL December 16, 2013 Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According...
AIG to Sell Aircraft Leasing Unit ILFC for $5 Billion December 16, 2013 American International Group Inc. agreed to sell the world’s second-largest aircraft lessor to AerCap Holdings NV for $5 billion after...
Cantor Fitzgerald, American Airlines Settle 9/11 Lawsuit December 16, 2013 By Jonathan Stempel Cantor Fitzgerald has agreed to settle a lawsuit against American Airlines Group Inc and its insurers over business and property...
Toyota to Begin Talks to Settle Acceleration Claims December 16, 2013 By Jessica Dye Toyota Motor Corp. will begin talks to potentially settle hundreds of lawsuits alleging that defects caused some of its vehicles...
Best Affirms W. R. Berkley Corp. and Subs ‘A+’ Ratings; Outlook Stable December 16, 2013 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-”...
ABIR Comments on ComFrame Supervision, Int’l. Insurance Capital Standards December 16, 2013 In comments filed with the International Association of Insurance Supervisors (IAIS), the Association of Bermuda Insurers and Reinsurers (ABIR) offered...