legal expense coverage News

Georgia Power to Pay $413M to Settle Lawsuit over Nuke Plant Cost Overruns

ATLANTA (AP) — Georgia Power Co. will pay $413 million to settle a lawsuit accusing the utility of reneging on financial promises to one of its nuclear reactor partners. The payments to Oglethorpe Power Corp., announced Friday, could hold down …

Ironshore Hong Kong Offers Legal Event Expense Cover in Hong Kong Market

Ironshore Hong Kong has introduced a specialty professional lines product that offers protection for after-the-event legal expenses following commercial litigation. Ironshore’s After-the-Event Legal Expenses product provides insurance against adverse costs awards, Ironshore explained. The coverage, which is standardized within the …

Ironshore’s Singapore Branch Introduces Legal Event Expense Cover

Ironshore Insurance Ltd., Singapore Branch, has introduced a specialty professional lines product that offers protection for after-the-event legal expenses to mitigate commercial litigation loss exposure. Ironshore’s after-the-event legal expenses product provides insurance against adverse costs awards in commercial litigation. The …

Texas Legal Insurance Plan Joins Independent Agents Group

Texas Legal, the statewide nonprofit legal insurance plan founded by the State Bar of Texas and the Texas Legislature, announced it is now a member of the Independent Insurance Agents of Texas (IIAT). Legal insurance covers legal expenses much like …