Massey Energy Co. has been fined more than $6,000 for mostly minor safety violations found during an investigation of the nation’s deadliest coal mining disaster in 40 years, according to the federal Mine Safety and Health Administration. The fines are …
Google Inc. won a landmark victory over media companies as a Manhattan federal judge threw out Viacom Inc.’s $1 billion lawsuit accusing the Internet company of allowing copyrighted videos on its YouTube service without permission. Viacom claimed “tens of thousands …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the UK’s Brit Insurance Limited (BIL). Best also affirmed the ICR of “bbb” of Brit Insurance Holdings N.V. (BIHNV), based …
Charles Binns, Divisional Director of Professional Risks at London-based broker Cooper Gay, told delegates at last week’s BrokersLink Global Conference that the introduction of new laws in a number of countries, making professional indemnity insurance obligatory for a wide range …
Global professional services company Towers Watson announced that it has sold its “VIPitech, an actuarial and financial modelling software unit,” to Algorithmics, a unit of the Fitch group, in accordance with commitments it made to the European Commission (EC). “The …
Price Forbes & Partners, an independent, London-based specialist insurance broker, announced the expansion of its business through the establishment of a Treaty Reinsurance Division. Starting October first, the newly-formed division will be lead by Paul Bumpstead as Managing Director, Reinsurance. …
The Bermuda-based Catlin Group Limited has announced the resignation of Michael Harper from the Group’s Board of Directors effective July 1st, 2010 “due to the demands of his other commitments. He was appointed as Senior Independent Director of Catlin in …
Marsh has appointed Caroline Woolley as Property Practice Leader, and Alain Petit-Lambotte as Casualty Practice Leader, for Europe, the Middle East and Africa (EMEA). A bulletin from Marsh’s London office explained that the new leaders are “part of its drive …
Lloyd’s has announced its first ever Science of Risk prize. The initiative, aimed at “risk-related research from PhD students or Post-Doctoral research staff,” is focused on studies in the following categories: — Natural hazards — Climate change — Technological risks …
