Commissioner of Insurance George Dale has extended his previous bulletin on an extension of coverage for property damaged by Hurricane Katrina to include commercial property insurance policies. Bulletin #2005-13 was issued on Nov. 4, 2005. In the amended bulletin, no …
G.J. Sullivan Co., Orange, Calif., has appointed Mary Nyquist assistant vice president. She will be responsible for the development of a Personal Programs Department. Product lines will include personal umbrella, comprehensive, personal liability, dwelling fire and flood. Nyquist has been …
Farmers Insurance Group has partnered with the Association for the Study of African American Life and History (ASALH) to bring an African-American documentary film — “Freedom’s Song: 100 years of African-American struggle and triumph” to classrooms nationwide. The “Freedom’s Song” …
U.S. District Court Judge Edward Nottingham has denied a class certification in Morris v. Travelers Indemnity Co. of America, according to Morrison & Foerster LLP. The law firm represented Travelers in court in Denver, Colo. The case is one of …
Lawsuits stemming from a deadly crash at the base of Avon Mountain in Connecticut last July have led to an unlikely alliance between the victims and the owner of the trucking company at the center of the litigation. To successfully …
A group of smaller and medium sized businesses and their insurance companies is using the recent settlement by USG over its asbestos claims to argue that a federal asbestos trust fund would provide a windfall for large companies facing asbestos …
Bermuda’s XL Capital Ltd. reported two developments in its global insurance business. It has received the approval of the China Insurance Regulatory Commission to open a Representative Office in Beijing. XL has also signed a Memorandum of Understandings with Brazil’s …
A.M. Best Co. has downgraded the financial strength rating to “B” (Fair) from “B++” (Very Good) and the issuer credit rating to “bb” from “bbb” of the insurance and reinsurance operating subsidiaries of the Bermuda-based Alea Group Holdings Ltd. (collectively …
Bermuda-based AXIS Capital Holdings Limited announced that Edward J. Kelly III has resigned from its Board of Directors. AXIS explained the decision, as “due to guidelines published by Institutional Shareholder Services recommending that CEOs of publicly-traded companies serve on no …
Standard & Poor’s Ratings Services announced that its “B” insurer financial strength rating on Simply Insurance New Zealand Ltd. remains on CreditWatch with positive implications. S&P explained that Simply Insurance is a subsidiary of the New Zealand Finance company Pacific …
