The Insurance Bureau of Canada notes the conclusions of a new study that found the country’s home, car and business insurers believe that “the legal environment in Canada is becoming increasingly uncertain, and that organizations and individuals are more vulnerable …
The Hartford Financial Services Group has entered into an agreement with Equitas, the Lloyd’s runoff vehicle, and all Lloyd’s syndicates reinsured by Equitas that “resolves, with minor exception, all of the company’s ceded and assumed domestic reinsurance exposures with Equitas, …
Bermuda-based Max Re Capital Ltd. announced that, “after filing its delayed Form 10-Q for the three months ended March 31, 2006 with the SEC on June 8, 2006, the Company has been notified by the NASDAQ staff that its filing …
A.M. Best Co. has commented that the ratings of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group, “remain unchanged following the announcement that the group is to be acquired by AXA …
According to a consultant for the Federal Alliance for Safe Homes, Florida’s building codes that were approved in 2001 are working. He also says that Hurricane Charlie was a “model” hurricane in the sense that it was exactly what the …
A sweeping investigation into bribery for investment contracts at the state insurance fund for injured workers has expanded to now include Ohio’s pension funds and the state treasury. The list of the top ten to 15 brokers doing business with …
The Insurance Institute for Highway Safety gave Illinois a “fair” rating for the way it issues licenses to new drivers in an updated chart as of May 2006. The Institute assigns licensing systems points for the key components of graduated …
Itasca, Ill.-based Arthur J. Gallagher & Co. has announced that its subsidiary, Risk Placement Services, Inc., has acquired Lemac & Associates, Inc., headquartered in Los Angeles, Calif. Terms of the transaction were not disclosed. Established in 1984, Lemac & Associates, …
AI Risk, Lexington Insurance’s middle market unit, has selected Brownyard Programs, Ltd to bring AIG’s GuardSecure product to the small and intermediate-sized private security companies throughout the U.S. The program’s focus includes private security businesses including security guards. private investigators/investigative …
Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm, PricewaterhouseCoopers. Judge Paul Barbadoro made the ruling on …
