Smokers suing Philip Morris and its parent company over light cigarettes will have to start from scratch with their lawsuit in Maine. A federal judge in Bangor has denied plaintiffs’ request to have facts from a previous lawsuit by the …
With the prospects for a controversial rate deregulation bill dimmed by Gov. Charlie Crist’s threat of a veto, the insurance industry is betting on a new wide-ranging insurance proposal to bring some reform to Florida’s property insurance market. A key …
A complex federal study of a fire that killed nine South Carolina firefighters, already delayed by months, is still months from completion, authorities said. The National Institute of Standards and Technology in Gaithersburg, Md., is studying the June 18, 2007, …
E&S brokerage firm Connecticut Underwriters has named Darren Valencia as director of its professional lines business. Valencia has 10 years of experience underwriting and brokering professional liability coverage, and has held positions at several companies He most recently served as …
Competition and the expiration of federal tax exemption cut BrickStreet Mutual Insurance Co.’s profit by 66 percent in 2009. The workers’ compensation insurer says it earned $38.9 million last year, compared to $113.6 million in 2008. BrickStreet President and CEO …
Lloyd’s Chairman, Lord Levene, visited Japan and South Korea last week where he opened the new Lloyd’s Japan office and hosted an event with Korean Re, titled – Lloyd’s – A Working Partnership. Lloyd’s bulletin pointed out that “Japan is …
The UK’s RSA Insurance Group announced that its Danish subsidiary Codan Forsikring A/S has acquired the renewal rights to TrygVesta’s marine hull portfolio for DKK 50 million [app; £6 million – $9 million]. RSA said the transaction is in line …
The Bermuda-based Everest Re Group announced that its preliminary loss estimate for exposures relating to the earthquake in Chile is $225 million. It also estimated its loss for expected claims from European Windstorm Xynthia to be approximately $25 million. “Both …
A chip for Spot? In a country where guns are tightly controlled and even carrying a kitchen knife can bring prison time, some thugs use dogs to menace their victims. Now the British government is proposing that dog owners be …
China told the United States on Wednesday to make stronger commitments on climate change and provide environmental expertise and financing to developing nations. China’s top climate change negotiator, Xie Zhenhua, acknowledged the current U.S. administration’s greater stress on greenhouse gas …
