The European Court of Justice has upheld Britain’s workplace safety law, dismissing a legal claim by the European Commission that it violated EU rules. Under EU law, employers must ensure a safe and healthy workplace for their workers; that responsibilityis …
A judge this week denied a defense motion to add more current and former American International Group Inc. officials to a lawsuit challenging payments that the insurance giant made to an outside firm headed by former AIG Chairman Maurice “Hank” …
The federal government has extended aid to private property owners to help repair damage caused by a powerful nor’easter in April. The decision, announced by Gov. M. Jodi Rell’s office, is a reversal of the Federal Emergency Management Agency’s initial …
Standard & Poor’s Ratings Services has raised its insurer financial strength and counterparty credit ratings on Hong Kong’s Pacific Century Insurance Co. Ltd. (PCI) to “BBB+” from “BBB-.” S&P also raised its rating on PCI Capital Ltd.’s US$100 million 10-year …
Aspen Re, a subsidiary of Aspen Insurance Holding Limited, announced the launch of Aspen Re in Europe along with plans to open an office, to be based in Zurich, that will act as the hub for Aspen’s European reinsurance activity. …
Global consulting firm Watson Wyatt Worldwide announced plans to conclude a “strategic alliance” with German consultants Institut fur Finanz- und Aktuarwissenschaften (ifa), effective January 1, 2008. “According to the letter of intent, Watson Wyatt plans to acquire 20 percent of …
Marie-Gemma Dequae has been re-elected President of the Federation of European Risk Management Associations (FERMA) by its executive board members. She is Group Risk & Insurance Manager of Bekaert, a Belgian multi-national metal transformation and advanced materials and coatings group, …
Stockton, Calif.-based Hull & Co. recently announced a new residential homebuilders market in California. Coverage is provided by an “A+” XV carrier and is designed for companies with up to $15 million in sales per year and up to 15 …
Florida officials arrested 27 people in an ongoing investigation dubbed “Operation TGIF” because of staged accidents the group perpetrated on Fridays. The ‘staged accident’ ring billed auto insurers more than $300,000 in fraudulent Personal Injury Protection claims, according to the …
Columbus-based State Auto Insurance recently announced that it has joined the Institute for Business & Home Safety (IBHS). IBHS is an initiative of the insurance industry that works to reduce the social and economic effects of natural disasters and other …
