A payment of the policy limits is not always enough to settle a vehicle accident. The insurer must also agree to all other requirements in a settlement offer for an agreement to be enforceable, the Georgia Court of Appeals has …
Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has increased limits of up to $5 million on its general liability coverage in the newly-formed Contract Binding Operations. The Arch Contract Binding Operations unit, which started operations earlier this …
Alteris Inc., a wholly-owned subsidiary of Argo Group International Holdings, Ltd. has acquired Sonoma Risk Insurance Agency, a litigation products provider and the first agency in the U.S. providing contract litigation insurance (CLI). Sonoma Risk Insurance Agency is based in …
Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance …
Lexington Insurance Co. has introduced a technology contract risk policy called Parity.Parity protects organizations from potential losses and expenses resulting from the negligence of a technology professional. A technology professional’s negligence may result in an organization suffering losses that are …
Worsening weather and better forecasting methods could push the mining sector to change force majeure provisions in supply contracts and sharpen how blame is allotted when storms or floods disrupt regular business. Climate scientists predict global warming will trigger greater …
