Only two thirds of leading European companies operate a democratic policy of one-share one-vote, according to a study prepared for the Association of British Insurers (ABI) by Deminor Rating, a Brussels-based corporate governance consultant. The study, which examined the capital …
A proposed $35 million bailout of the public school teachers health-insurance program ran into resistance in the Arkansas Senate, which recently voted delay any decision on the measure. Senators voted 18-15 to put off until March 31 the main vote …
The Supreme Court declined this week to consider whether to reduce $10.5 million in damages a jury awarded against Philip Morris USA to a former smoker with lung cancer. Justices let stand a lower court ruling that upheld the award …
Former WorldCom board member Bert Roberts agreed this week to pay $4.5 million of his own money to settle a lawsuit brought by former investors in the collapsed telecommunications company. Roberts became the last former board member of the company …
Insurance companies and other underwriters in Pennsylvania reported a steep jump last year in payments for malpractice claims against physicians, according to a federal agency. In 2004, insurers reported paying out $448 million, a 13.5 percent jump from $394.5 million …
Dublin-based Research and Markets has announced the addition of Catastrophe Risk and Reinsurance: A Country Risk Management Perspective to their offering. See: http://www.researchandmarkets.com/reports/c14308. The report includes “the latest invaluable insights into catastrophe reinsurance, Catastrophe Risk and Reinsurance provides a wealth …
A.M. Best Co. announced that it has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to Catlin Insurance Company (UK) Ltd. with a stable outlook. “The ratings reflect the company’s adequate prospective risk-adjusted …
Aspen Insurance Holdings Limited announced that the secondary public offering of 6,450,000 of its ordinary shares by certain of its shareholders has been priced at $25 per share. “Certain selling shareholders have also granted the underwriters an option to purchase …
A New York man who sought workers’ compensation benefits after his same-sex partner of more than 20 years was killed in an airplane crash has been denied his claim. The Appellate Division of the Supreme Court of the State of …
Legislation that would prohibit insurers’ use of credit information narrowly advanced out of the Colorado Senate State Affairs Committee Monday on a 4-3 vote and will be opposed by the insurance industry on the Senate floor, according to the Property …
