A Miami-Dade jury has awarded a woman $16 million in a medical malpractice case alleging complications from an unnecessary operation left her brain damaged. Lourdes Landis, 48, of Miami, suffered a seizure in 2001 after she was discharged from the …
Insurance industry trade groups are asking the Indiana Supreme Court to review an appeals court decision that awarded damages for emotional distress to the family of an injured man, saying it could set a costly precedent. The groups are joining …
The London insurance market Lloyd’s has sued former Rhode Island Gov. Bruce Sundlun, accusing him of failing to pay about $300,000 in principal and interest. But Sundlun says he doesn’t owe Lloyd’s any money, and his lawyer has asked a …
SeaBright Insurance Co. is moving forward with plans to establish a new regional office in Atlanta. This new office will have responsibility for the company’s newly created southeastern region, comprised of selected southeastern states formerly served by its Houston office, …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Germany’s Munich Reinsurance Co. and its core operating entities, including those in the ERGO and Munich Re America [formerly American Re] sub-groups, to …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa-“of France’s PartnerRe S.A. “The outlook on both ratings remains stable, in line with the outlook of its ultimate parent company, Partner …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Italy’s Lloyd Adriatico S.p.A., a subsidiary of Allianz SE (See related article). The ratings outlook is stable, corresponding to Best’s …
White Mountains Re Group, Ltd., announced from its Bermuda headquarters that its wholly-owned subsidiary, Folksamerica Reinsurance Company, has completed its acquisition of Mutual Service Casualty Insurance Company, a Minnesota-domiciled, runoff insurer formerly affiliated with Illinois-based Country Insurance & Financial Services. …
Zurich Financial Services Group has signed an agreement for the purchase of 100 percent of Spain’s ACC Seguros y Reaseguros de Daños, S.A. “The acquisition of ACC, a leading surety writer based in Galapagar (Madrid), will position Zurich as the …
Bermuda-based Aspen Insurance Holdings Limited has entered into an accelerated share repurchase program with Goldman, Sachs & Co. to buy back $44 million of Aspen’s ordinary shares. “The agreement includes collar provisions that establish the minimum and maximum numbers of …
