The U.S. Senate rejected what could have been damaging amendments and approved by a vote of 72-26 historic changes to the way class action lawsuits are handled. The vote almost assures enactment since the Senate measure, The Class Action Fairness …
Georgia, doctors, lawyers and insurance lobbyists stood shoulder-to-shoulder outside the House of Representatives chamber during a heated three-hour discussion yesterday about Senate Bill 3, which aims to cap non-economic damages in medical malpractice suits. Discussion of the bill will continue …
Two former top officers of collapsed Reciprocal of America are scheduled for sentencing in June for their roles in what a federal prosecutor called one of Virginia’s biggest insurance fraud cases. Kenneth R. Patterson was the president and CEO and …
The signing of a definitive agreement for Brown & Brown Inc. to acquire the assets of Hull & Company Inc. of Fort Lauderdale, Fla. and its certain affiliated companies has been announced jointly by J. Hyatt Brown, chairman and CEO …
Widespread resident’s disapproval of a proposal to levy an 8 percent tax on insurance premiums has resulted in its defeat in Clark County, Ky. Fiscal Court. A standing-room-only crowd of almost 400 people attended a three-hour meeting during which the …
The Insurance Industry Charitable Foundation Inc. will be hosting it’s very first annual Southern California Club100 Private Party on Saturday, Feb. 26, at the Napa Rose inside Disney’s Grand Californian Hotel in Anaheim, from 6:30 p.m. to 10 p.m.. Proceeds …
Brown & Brown, Inc. with offices in Daytona Beach and Tampa, Fla. announced record earnings for 2004, the 12th consecutive year the company has hit record highs in both revenues and net income. Net income for 2004 rose to $128,843,000, …
The American Council of Engineering Companies (ACEC) strongly endorsed Thursday’s Senate passage of the Class Action Fairness Act (S.5), as a first step in bringing common sense and meaningful reform to a troubled U.S. legal system. The Class Action Fairness …
Toronto-based Kingsway Financial Services Inc. announced financial results for the quarter and year ended Dec. 31, 2004, and the declaration of an initial quarterly dividend of 5 cents per share. For the fourth quarter net income increased 102% to a …
Bermuda-based White Mountains Insurance Group Ltd. announced that Robert Lusardi is joining White Mountains’ senior management team as executive vice president and managing director. Previously, Lusardi spent seven years with XL Capital Ltd., first as CFO and, most recently, as …
