Rhode Island Plans Crackdown on Uninsured Drivers July 12, 2013 Rhode Island officials are planning a crackdown on drivers whose vehicles aren’t insured. Lawmakers have sent a bill to Gov....
Ex-Penn State President Spanier Files Notice to Sue Louis Freeh July 12, 2013 Former Pennsylvania State University President Graham Spanier filed notice of plans to sue Louis Freeh, the former FBI director whose...
San Bernardino Bondholder, Insurer Support Bankruptcy Filing July 12, 2013 By Steven Church San Bernardino should be allowed to stay in bankruptcy, bond insurer Ambac Assurance Co. and a bondholder owed $50 million...
Some Victims Appeal Medical Benefits in BP Oil Spill Settlement as ‘Unfair’ July 12, 2013 By Laurel Brubaker Calkins and Margaret Cronin Fisk The medical benefits portion of BP Plc’s settlement over the 2010 Gulf of Mexico oil spill is “substantively unfair” and...
Best Places Torus Insurance and Subs Ratings under Review/Negative July 12, 2013 A.M. Best Europe – Rating Services Limited has placed under review with negative implications the financial strength rating (FSR) of...
Heavy Rains Cause Major Floods, Mudslides in China: AIR Worldwide July 12, 2013 AIR Worldwide reports that “days of heavy rain across the mountainous Yunnan and Sichuan provinces of southwestern China have caused...
Swiss Re in Talks with Phoenix on Admin Re Merger July 12, 2013 By Carolyn Bandel Swiss Re Ltd., the world’s second- biggest reinsurer, said it’s in preliminary talks about combining its Admin Re business with...
New China Life Falls as Zurich Insurance Sells Shares July 12, 2013 By Zhang Dingmin New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co....
Taiwan Braces for Direct Hit as Typhoon Soulik Approaches July 12, 2013 By Chinmei Sung and Yu-Huay Sun Taiwan is bracing for a direct hit by Typhoon Soulik early tomorrow, prompting precautionary evacuations due to the risk of...
Lloyd’s Insurer Advent Names Fitzgerald as CEO July 12, 2013 Lloyd’s insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition...