The U.K.’s Wellington Underwriting plc, whose wholly owned subsidiary Wellington Underwriting Agencies Ltd. manages Syndicate 2020 at Lloyd’s, has released a further update about the extent of losses sustained from hurricanes Katrina, Rita and Wilma. Wellington, which also operates several …
Cat bonds seem to be enjoying something of a revival in Europe, largely as a response to increased windstorm and flood losses, as well as the passage of Hurricane Katrina. Munich Re recently increased its commitment to risk management through …
The U.K.’s Financial Services Authority (FSA) has issued a warning to the brokerage community that it may require full disclosure of commissions and fees, unless greater attention is paid to the rules regarding conflicts of interest. The FSA sent a …
The United Nations 2005 Climate Change Conference gets under way in Montreal today – the first such meeting to be held since the Kyoto Agreement came into force earlier this year, and the largest gathering since the Kyoto Conference itself …
Hurricane Wilma was briefly the most intense Atlantic storm on record as it moved through the Caribbean toward the Gulf Coast. That was the last thing Gulf residents wanted to hear. Two months earlier, Hurricane Katrina had killed 1,300 people …
Thousands of drivers in Mississippi can expect their auto insurance rates to increase dramatically after Jan. 1, when the minimum required coverage in the state will double, increasing costs for even those who have less than the minimum coverage. The …
Less than 10 percent of Idaho home builders and contractors have signed up for the state’s new contractor registration list that takes effect in January. The new law requires contractors who do more than $2,000 worth of work a year …
The owner of a fire equipment company in Buxton, Maine has been sentenced in U.S. District Court to two months imprisonment for his role in falsifying fire extinguisher tests. Dale Nason, 49, who pleaded guilty last summer to 18 violations …
A federal jury has awarded a former marine engineer from Waterville, Maine whose fall on the job left him a paraplegic more than $5 million, but then reduced the award after determining his negligence was a factor in the accident. …
A year ago, the attorney who wrote Ohio’s ban on civil unions said it wouldn’t affect the few public universities already offering health insurance to employees’ same-sex partners. Now he’s suing to overturn the benefits at one of those universities. …
