Lloyd’s said it has met with a “positive response from a wide range of quality institutional investors” following its “road show ” to explain the terms for its proposed issue of £500 million ($991.6 million) of Tier 1 subordinated debt …
Standard & Poor’s Rating Services has published an analysis – “Two New Italian Laws Regarding Insurance Settlement And Distribution Set To Jolt Insurers” – which examines the impact they will have on motor claim settlements and insurance distribution. They “are …
Illinois Attorney General Lisa Madigan has filed a lawsuit against two Champaign County medical clinics, alleging the facilities denied primary care to new patients who were covered by Medicaid. The antitrust lawsuit against Carle Clinic Association of Urbana and Christie …
With regard to insurance issues, the 2007 Texas legislative session was fairly uneventful, with one major bill favored by the industry going down in the waning days of the session and many “bad” bills failing to make the cut early …
The Florida Coalition for Preservation asked U.S. Senator and Republican National Committee General Chairman Mel Martinez to protect American taxpayers from being forced to subsidize irresponsible coastal over-development along America’s barrier islands. Former Congressman Tom Evans, chairman of the Florida …
The legislatively-created Florida Task Force on Citizens Property Insurance Claims Handling and Resolution will meet twice on June 19 in Fort Lauderdale. Consumers who have homeowner policies with Citizens or who have open claims from the 2004/2005 hurricane seasons are …
Devonshire Group, a reinsurance runoff manager and consultant, has named Rex Hahn vice president of business development. He will work out of the company’s Santa Ana, Calif., office, and be responsible for business development in the firm’s practice areas of …
Congress is continuing its discussion this week on legislation to renew the federal terrorism insurance backstop program, the Terrorism Risk Insurance Act, which is currently scheduled to expire at the end of 2007. Congressman Paul E. Kanjorski, D-Pa., chairman of …
A divided Missouri Supreme Court ruled against the city of St. Louis on Tuesday in a fight over who should pay to clean up lead paint in homes. In a 4-3 unsigned opinion, the Supreme Court upheld a lower court’s …
An Auburn-area, Wash., man accused of drowning his 3-year-old stepdaughter to collect on a $200,000 life insurance policy pleaded innocent in King County Superior Court and remained in jail on $5 million bail. Joel Zellmer, 37, was arrested in the …
