Idaho Senate passes bill to require underinsured motorists coverage A bill to require Idaho insurers to offer coverage for accidents involving underinsured drivers passed the Senate, overcoming objections from two insurance agents who said it could increase costs. The measure …
A San Francisco jury has ruled in favor of the family of a drywall taper in a products liability case against a former manufacturer and supplier of asbestos-containing joint compound, spray texture and acoustical ceiling spray. The jury determined in …
Willis Group Holdings Ltd. amended the employment agreement with Chairman and CEO Joseph J. Plumeri to extend the term for an additional year. The employment agreement, which was scheduled to expire Oct. 15, 2008, will now expire Oct. 15, 2009. …
A recent wave of individual institutional investor securities lawsuit “opt-out” settlements is raising troubling new questions about both D&O carriers’ claims severity assumptions and D&O policyholders’ limits adequacy. An opt-out action involves a separate lawsuit brought by an individual investor …
Affordable Residential Communities Inc. of Englewood, Colo., closed its previously announced acquisition of Waco, Texas-based NLASCO Inc., a privately held property and casualty insurance holding company, and reported the promotion of Greg Vanek, NLASCO’s president and chief operating officer, to …
All eyes on Allstate “I will carefully monitor Allstate’s actions throughout this process to ensure that policyholders entitled to reinstatement are fully protected.” — Louisiana Commissioner of Insurance Jim Donelon commenting on the settlement his department reached with the insurer …
Mercury General commemorates 10th anniversary at NYSE Mercury General Corp. rang The Opening Bell at the New York Stock Exchange on Friday, March 9, 2007, to commemorate its 10th anniversary of being listed on the NYSE. Pictured are Gabriel Tirador, …
Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special Investigations Unit began operations, after the 2006 Legislature established a fraud unit …
That jacket makes you look 20 pounds lighter!” “This car is the best one on the lot.” “This house needs no work at all.” Sales pitches such as these can be heard every day. However, such ploys likely do little …
The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …
