Chemical maker DuPont urged the West Virginia Supreme Court to fix what it called mistakes that led to a nearly $400 million verdict against the company by overturning the case. The court can order a new trial or even decide …
A $3.5 million defamation verdict against The Citizens’ Voice. newspaper will be reviewed because of the role in the case played by two former judges at the center of a juvenile justice scandal, the Pennsylvania Supreme Court has ruled. The …
Risk Management Solutions’ latest bulletin on the devastating earthquake, which struck Italy on Monday, estimates that “at least one in four homes in the epicentral area of L’Aquila have been damaged.” RMS said its data “shows that just 20 percent …
Trade credit insurer Coface notes that the current “credit crisis, which entered its second phase in the fourth quarter of 2008, is worsening in all regions. After observing a decline in the average financial strength of companies in 22 countries …
“Recent insurer downgrades and financial woes have raised the level of counterparty risk to buyers who are becoming increasingly concerned that their insurers may not pay out on their insurance contract when they are supposed to,” notes Willis Group Holdings …
Leon County Circuit Court Judge P. Kevin Davey ordered the Hollywood-based Coral Insurance Co., a residential property insurance provider in Florida, into receivership for the purpose of rehabilitation. The Department of Financial Services was named as the receiver as of …
U.S. warships stalked a drifting lifeboat where Somali pirates were holding their first American hostage on Friday, apparently hoping to win a promise of safe passage in exchange for the captive. Four pirates have been holding ship’s captain Richard Phillips, …
U.S. life insurers, already weakened by the global financial crisis, are expected to report their worst-ever quarterly results in the coming weeks, stoking expectations that federal funds will be needed to prevent the sector from becoming the next casualty of …
GAB Robins UK announced the appointment of Kim Alcock as its new Casualty Director with immediate effect. She will head up the Casualty Service Line with responsibility for the day-to-day delivery of services encompassing employers’ and public liability, motor liability, …
Pinnacol Assurance is exploring ways it could use its $2 billion in assets to voluntarily help the state balance its budget even as the state-created insurance company fights legislation that would hand over control of its funds to the state …
