A high-profile litigator in Moss Point, Miss. said that a whistleblower is helping him build a case against insurers that allegedly denied thousands of claims from policyholders whose homes were destroyed in Hurricane Katrina. Richard “Dickie” Scruggs, who helped secure …
Recent developments in the Mississippi wind vs. flood case and statements by attorney Richard “Dickie” Scruggs about having information from one or more whistleblowers are serious allegations and he should be challenged to “put up or shut up,” Bill Bailey, …
Standard & Poor’s Ratings Services announced that it has revised its outlook on the holding companies and core operating entities of Netherlands-based insurance group Eureko to positive from stable, “reflecting the greater clarity of the potential synergies available from the …
A.M. Best Co. announced that it has placed the financial strength rating (FSR) and the issuer credit ratings (ICR) of the operating subsidiaries of Odyssey Re Holding Corp. and the debt ratings of Odyssey under review with negative implications following …
Global insurance broker Willis Group Holdings, Limited announced that Eric Friberg, Sir Roy Gardner and Sir Jeremy Hanley will stand for election as directors at the Company’s Annual General Meeting of shareholders on April 26, 2006. Although they may have …
As the oldest marine insurer in the world, Lloyd’s has long been aware of the menace pirates pose to shipping. These days, however, they aren’t the “Yo, ho, ho and a bottle of rum” kind of pirates, but a modern …
Tropical Cyclone Larry hit Northern Australia as a category 5 storm with winds of up to 290 kph (175 mph) the most powerful in memory. Larry came ashore near the town of Innisfail in the State of Queensland, about 100 …
It may still be wintry and cold in London and Minnesota, but that hasn’t seemed to dampen the springtime ardor for big merger plans. Shortly after speculation rose that St. Paul/Travelers was seeking to merge with Swiss-based Zurich Financial Services …
Mainers who become victims of identity theft are getting some help from the Legislature, which enacted a bill that follows up on State House action taken last year. A bill signed by Gov. John Baldacci clarifies the process of cleaning …
News Currents Only about half of homeowners living in some of the most flood-prone areas of the United States buy federal flood insurance, leaving millions of families at risk for severe financial losses when floods strike, according to a recent …
