General Motors Corp. has agreed to take on responsibility for future product liability claims, removing what could have been a sizable roadblock on the automaker’s path to a quick sale of its assets and emergence from Chapter 11 bankruptcy as …
Tampa, Florida-based PMSI, a provider of pharmacy,medical and other products for the workers’ compensation market, reports that Paul DiFrancesco has joined PMSI as president of its Medical Services and Equipment division. As division president, DiFrancesco will be responsible for managing …
North Carolina legislators started grappling last week with how to beef up the state-created but underfunded insurance program for coastal property, and immediately confronted the possibility that all of the state’s insured property owners could pay more after a catastrophic …
A North Carolina court ruling means a former Wilmington student can seek damages for alleged sexual abuse even though the New Hanover County school system’s insurance doesn’t cover it. The state Supreme Court ruled earlier this month in favor of …
Marsh’s London office announced the launch of “a new project professional indemnity (PI) insurance facility for major construction projects. Designed for projects with an estimated construction value in excess of £25 million [$41.32 million], the facility can provide limits of …
Insurers are still seeking a universal solution to weaknesses in catastrophe bonds exposed by Lehman Brothers’ collapse, though structural improvements have helped push sales past $1 billion this year. This year’s nine catastrophe bonds have employed innovative structures to neutralize …
It was to be the comeback of the young century: Michael Jackson using the “This is It” tour to retake his throne as King of Pop, lord of the dance and darling of the masses. What grander stage than London …
California insurance agents, brokers and adjusters will see a reduction in fees, thanks to California Department of Insurance (CDI) changes that take effect July 1, 2009. The 6 precent reduction in fees will apply to hundreds of fees charged by …
M.J. Hall and Co. of Stockton, Calif., is offering coverage for habitational risks, including apartments and condos, hotels and motels, and hospitality risks, office and retail service, and restaurants. Packages including property, crime and general liability, workers’ compensation, monoline property …
Union General Insurance Services Inc. of Concord, Calif., has an alcohol and drug abuse treatment facility market available to California agents. An “A+” rated carrier is offering coverage for facilities specializing in care and treatment of drug and alcohol abusers, …
