Westport Insurance News

Swiss Re Corporate Solutions to Change Legal Structure for North America

Swiss Re Corporate Solutions announced a plan to streamline the legal entity structure of its North American business. The changes include establishing Swiss Re Corporate Solutions America Insurance Corp. as its North American flagship insurance carrier. Also, Corporate Solutions pans …

2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits

Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021. Agency E&O claims are a lagging indicator, meaning plaintiffs typically only go after agents and brokers after they …

Lockton Affinity to Administer Westport Lawyer PL Program in Pennsylvania

Lockton Affinity will be the new program administrator for the Westport/Swiss RE’s Lawyer Professional Liability insurance in Pennsylvania, effective June 1, 2019. This program offers a comprehensive professional liability product for lawyers through Westport with program administration from Lockton Affinity. …

Judge Dismisses Nebraska County’s Claim Against Insurers

Gage County’s insurance policies from a Nebraska risk-sharing pool of companies don’t cover $28.1 million that a jury awarded to six people who were wrongfully convicted in the 1985 rape and killing of a woman, a judge ruled. Judge Jodi …

Swiss Re Corporate Solutions to Buy Stop Loss Underwriter IHC Risk

Swiss Re Corporate Solutions has agreed to buy IHC Risk Solutions and its direct employer stop loss (ESL) business from Independence Holding Co. for $152.5 million in cash. The transaction includes IHC Risk Solutions’ operations, its team of experts and …