ARI Insurance Cos. Inc. filed an amended multi-million dollar lawsuit in Miami-Dade Circuit Court against the Walt Disney World Company and Sanford B. Miot, former president of Disney subsidiary Arvida Southern, to recover $15.5 million ARI paid to homeowners, alleging …
The Texas Association of Business (TAB) unveiled a set of proposals to reform Texas’ medical malpractice insurance system, and called on candidates for governor and lieutenant governor to commit to capping non-economic damages in medical lawsuits. “Frivolous lawsuits and outrageous …
Cigna Corp. denied that it has reached any settlement of a class action suit brought by Illinois doctors, who have accused the nation’s third largest health insurer of bundling payments for services. The accusation accused Cigna of breaching contracts with …
Jurors in federal court in Chicago, who returned guilty verdicts against Cicero officials and related conspirators last week (See IJ Website Aug.26), decided Monday that they should forfeit the entire amounts of the funds they diverted, a total of $12 …
A group of 25 insurance brokers and contractors recently met with Republican Insurance Commissioner candidate Gary Mendoza to discuss rising liability insurance rates in the Inland Valley, according to the Los Angeles Times. The increasing rates and in some cases, …
Sen. Jackie Speier’s (D-Hillsborough) SB 773 financial privacy bill was approved by the Assembly Judiciary Committee Aug. 23 with an 8-3 vote, according to the San Francisco Chronicle. The bill now awaits final passage on the full Assembly before legislative …
Nordea, Scandinavia’s largest financial services and insurance group, announced that CEO Thorleif Krarup has resigned “for family reasons,” and will be succeeded by Lars G. Nordstroem. Nordea, formed in 2000 by a merger between Finland’s Merita Bank and Sweden’s Nordbanken, …
XL Capital Assurance Inc. (XLCA), a unit of Bermuda’s XL Capital Ltd., announced the formation of a financial guarantee subsidiary in London, XL Capital Assurance (U.K.) Limited (XLCA-UK), specializing in credit enhancement products for the European market. The new XLCA …
Responding to the increased state advocacy needs of member companies, the National Association of Mutual Insurance Companies (NAMIC) Board of Directors has approved an expanded commitment to state and regulatory government affairs. A new State Advocate will represent NAMIC in …
Travelers Property Casualty announced a new version of its “Construction Risk Management Tool Kit” CD-ROM, designed to help improve contractor clients’ loss experience. “We believe it to be one of the most comprehensive packages of construction risk management and safety …
