Connecticut Republicans in the House of Representatives have come up short in their effort to pass legislation that would impose caps on non-economic pain and suffering awards in medical malpractice cases. The House voted 117-27 in favor of legislation that …
Canada-based Dorel Industries Inc. announced that due to a dispute with one of its insurance carriers over the aggregate amount of insurance available to the company, including one claim that came due this month, Dorel is recording a charge for …
U.S. officials and insurance companies representing Sept. 11 victims are locked in an unusual legal standoff, stemming from the government’s refusal to admit it has the alleged mastermind of the attacks in custody. The insurance companies want the Justice Department …
MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) in British Columbia announced a major expansion of its information products business in the U.S. The company has entered into an agreement to acquire privately held Marshall & Swift / Boeckh (MS/B). MS/B …
In what reports have characterized as a minor victory for Silverstein Properties in the WTC insurance recovery case, Judge Michael Mukasey told the jury, which ended five days of deliberations yesterday, that they could render separate verdicts concerning the responsibility …
The Chubb Corporation reported that net income in the first quarter of 2004 was $360.7 million, a 61 percent increase over net income of $224.6 million in the first quarter of 2003. Net income per share increased 44 percent to …
According to findings from a new joint study by Guy Carpenter & Company, Inc. and MMC Securities Corp., the catastrophe bond market experienced substantial growth in 2003, as cat bonds remained an important complement to the reinsurance market. “Total bond …
Google, the Internet search engine, has been hailed into a French court by insurance giant AXA over its sale of “adwords” – a feature that sells ad space based on search words. According to news reports from Reuters and the …
Standard & Poor’s Ratings Services announced that it has revised its outlook on ACE Ltd. and its operating companies to stable from negative. S&P also affirmed its “A+” counterparty credit and financial strength ratings on ACE Ltd.’s operating units aas …
A.M. Best Co. announced that it has affirmed the “A” (Excellent) financial strength rating of London-based St Paul International Insurance Company Limited, has removed the rating from under review and assigned a stable outlook. “The rating is based on St. …
