South Carolina liquor stores, bars and their owners may be liable for injuries caused by a patron they “knew or should have known” was intoxicated even if the customer does not appear drunk. The South Carolina Supreme Court has affirmed …
Connecticut-based managing general underwriter Target Insurance Services has named Mark Diette as senior vice president in charge of business development. Diette, who will also lead one of Target’s soon to be released professional liability programs, is a 30-year industry veteran. …
A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating to “bbb-” from “bbb” of San Bruno-based Business Alliance Insurance Company (BAIC). Best also placed the ratings under review with negative …
BP said it estimates it will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the oil disaster in the Gulf of Mexico. BP, …
SeaBright Holdings Inc. announced that its subsidiary, SeaBright Insurance Co., has filed a 15.3 percent rate increase with the California Department of Insurance. The Company plans to apply the increase to California exposures on all SeaBright insurance policies with inception …
A Winterville, North Carolina mother and daughter have been accused of conspiring with one another to alter medical bills and submit them to Farm Bureau Insurance Co. They received $1,264 as a result of these claims, officials allege. Insurance Commissioner …
Republicans and some moderate Democrats in the U.S. Senate Wednesday began picking apart a new energy bill that they complained goes too far in holding oil companies responsible for accidents like the massive Gulf of Mexico spill. “I think people …
Melting glaciers, more humid air and eight other key indicators, show that global warming is undeniable, scientists said Wednesday, citing a new comprehensive review of the last decade of climate data. Without addressing why this is happening, the researchers said …
Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $58.6 million and $0.97 per diluted common share for the second quarter of 2010, compared to net income of $149.1 million and $2.42 per diluted common share in the second quarter …
The Bermuda-based Everest Re Group reported second quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common share, compared to after-tax operating income of $256.2 million, or $4.16 per …
