The widow of an eastern Kentucky coal miner who died on the job last year has sued one of the nation’s largest coal companies for more than $37 million in damages. The Lexington Herald-Leader reports that an attorney for Susie …
A sharply divided Florida Supreme Court says law enforcement agencies can be sued over “safety checks” that go bad. The justices ruled 4-3 in the case of an elderly woman who later died after Marion County deputies responding to a …
In some parts of rural Kentucky, they’re getting water the old-fashioned way — with pails from a creek. There’s not room for one more sleeping bag on the shelter floor. The creative are flushing their toilets with melted snow. At …
Bermuda-based PartnerRe will release its 2008 fourth quarter and full year results after the market close today, Monday, February 2, 2009. PartnerRe senior management will conduct a dial-in conference call, which will include a question and answer period, on Tuesday, …
The New York-based reinsurance group Transatlantic Holdings (TRH) became the first major reinsurer to announce its 2008 results. TRH reported net income for the year ended December 31, 2008 of $102.3 million, or $1.53 per common share (diluted), compared to …
The Bermuda-based Argo Group International announced that it has established a Casualty and Professional Risks division within Argo Re, the Company’s reinsurance division. “The newly formed division will write general and product liability, product recall, excess directors’ and officers’ liability, …
Standard & Poor’s Ratings Services announced that it has withdrawn its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on Italy-based composite insurer Aurora Assicurazioni SpA (Aurora), ahead of its merger into the new UGF Assicurazioni SpA on Feb. …
According to Deirdre Littlefield, president of the International Union of Marine Insurance (IUMI), “While the insurance industry may be more insulated from failure than others in the financial sector, it will not entirely escape the damage done by the current …
A report from A.M. Best examines the latest twists and turns of the European Union’s much discussed (and long delayed) implementation of the Solvency II regulations. Best notes that the “current turmoil in the financial markets underscores the importance of …
Lockton announced that is launching a unique set of risk management services to help companies address outsourcing risk and corporate response plans for data breaches. “These services are supported by leading cyber insurance underwriters at Lloyd’s–ACE Global Markets, Brit Syndicates …
