Richard ‘Dickie’ Scruggs, the attorney who represents thousands of Mississippi policyholders and has filed suit to obtain payment for flood damages from their insurance carriers, maintains that damages were caused by a storm surge and plans to use that defense …
The controversy over litigation about wind vs. flood damage and what could happen in the market place and to the industry if Mississippi Attorney General James Hood and attorney Richard ‘Dickie’ Scruggs are successful in their lawsuits will be discussed …
Swiss Re announced the results of a survey of top business leaders, conducted in December 2005, at the World Economic Forum’s Annual Meeting in Davos, Switzerland, which opened today. “The study found that, while risk assessment is becoming a more …
A report on the Allianz Web site (www.allianz.com) notes that the customers of the Group’s Indonesian affiliate can now “buy life and non-life Sharia insurance in a one-stop shopping experience. In the initial launch period, PT Asuransi Allianz Life is …
Standard & Poor’s Ratings Services announced that it has assigned its “BB+” preferred stock rating to the Bermuda-based Arch Capital Group Ltd.’s $100 million issuance of Class A, noncumulative preferred shares. Fitch Ratings assigned its “BBB-” rating to the issue, …
Atlas Insurance Management, an independent insurance management and consulting company specializing in captives, has announced the opening of an operation in the Cayman Islands. “We are very pleased that the Cayman Islands Monetary Authority approved our license application,” stated Atlas …
The Indian Government has established a 20 billion rupee ($452 million) National Export Insurance Account (NEIA), in a measure calculated to support the country’s exports of projects and services. A report from Asia Pulse quoted Commerce and Industry Minister Kamal …
Standard & Poor’s Ratings Services announced from its Hong Kong office that its ratings on Pacific Century Insurance Co. Ltd. – currently “BBB-” with a stable outlook – “are not affected by a recent restatement of the results of the …
The Hanover Insurance Group reported that Michelle M. Sipple has been named regional vice president, marine, for the company’s New York and New Jersey region. Sipple will work out of the The Hanover’s Piscataway, N.J. office. Sipple joins The Hanover …
The millionaire chief executive of UnitedHealthcare Pennsylvania is resigning to focus on a potential run for mayor. Tom Knox, once a deputy mayor in former Mayor Ed Rendell’s administration, raised eyebrows in November when he used $5 million of his …
