Lloyd’s of London will not insure or reinsure petroleum shipments going into Iran, the insurance market said on Friday. U.S. President Barack Obama signed into law last week far-reaching new sanctions that aim to squeeze the Islamic Republic’s fuel imports …
The Michigan Supreme Court has ruled that the Granholm Administration exceeded its authority when it banned the use of credit scoring by insurance companies in the state. The decision means insurers in Michigan can continue to use credit scoring in …
Standard & Poor’s Thursday said it will add property and casualty insurer Ace Ltd to its flagship Standard & Poor’s 500 stock index after the close of trading on July 14. Ace will replace Millipore Corp, a maker of laboratory …
The ACE Group of insurance and reinsurance companies announced the appointment of David Furby as Division President, Commercial Property & Casualty, for ACE’s Overseas General operations. He is based in New York and reports to ACE Overseas General Chairman and …
AXIS Global Accident & Health (AGAH), a division of AXIS Capital Holdings Limited, announced that it is now actively marketing its capability to write accident and specialty health reinsurance cover from Ireland and the UK. The expansion complements AXIS’ existing …
Alliant Insurance Services has partnered with the firm LEOSA-HR218 Self-Defense Protection to provide retired federal, state, and local law enforcement officers with an insurance policy that provides legal defense coverage and personal asset protection if they are involved in a …
Police in Colonie, N.Y. have arrested three people — including an insurer claims employee– for stealing nearly $500,000 from two insurance companies by allegedly forging and cashing claims checks in a scheme that ran nearly 10 years before it was …
Los Angeles-based Worldwide Facilities Inc. has added Ted Clayton as a vice president and property broker in its Irvine, Calif., office. Clayton began his insurance career in 1985 with Chubb & Son and has held various underwriting and management positions, …
The Nevada Supreme Court has ruled that hospitals are not strictly liable for malpractice committed in emergency rooms by independent contracting physicians. In a 4-3 decision, the high court overturned Washoe County District Judge Janet Berry, who ruled hospitals have …
While Oakland, Calif., police donned riot gear to ward off potential violence and vandalism following the Mehserle verdict announcement, businesses may be wondering what insurance coverages are available to protect themselves at times of civil unrest. At about 4 p.m. …
