Axis International Loss Adjusters and Surveyors has announced the appointment of Nicolas Lazarus as a Senior Insurance and Reinsurance Loss Adjuster. He “will provide adjusting services to local insurers, Lloyd’s and international Insurers and Reinsurers,” said the bulletin. He will …
Willis Group Holdings announced the establishment of a new business unit within Willis Global Markets International (GMI) for the insurance of companies involved in Life Sciences. It also announced the appointment of Tom Teixeira as the Practice Leader, effective immediately. …
A bulletin from Munich Re underlines the “exceptionally high” incidence of “weather-related natural catastrophe losses in the first nine months of 2010,” both in “number and scale.” The floods in central Europe, wildfires in Russia and widespread flooding in Pakistan …
Lloyd’s of London reported its interim (6 months to June 30) results today, which could best be described as mixed. Although Lloyd’s posted an overall pretax profit of £628 million [$922 million], this was less than half the amount, £1.322 …
Maryland’s highest court has upheld a state law that limits the amount of money people can receive for suffering in lawsuits. Judges on the Court of Appeals ruled against the parents of a 5-year-old boy who drowned at a Crofton …
In a decision that some legal observers found surprising, the Tennessee Supreme Court has reversed precedent and made it easier for workers to sue their employers when they believe they were fired illegally. The court ruled 3-2 last week that …
A judge refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of federal bailouts. Monday’s ruling by U.S. District …
AmTrust North America, a business unit of AmTrust Financial Services Inc. has formed a contractors general liability insurance program, a new underwriting classification available exclusively to licensed wholesale surplus lines brokers. The program will entertain a variety of residential and …
Liberty Mutual Agency Markets said that its agents can now use one of two commercial lines service centers to help with a range of services for policyholders. The centers – located in Ohio and Washington — will work with roughly …
Beginning Nov. 1, 2010, paper renewals will no longer be available to non-resident producers and agencies operating in Indiana, the Indiana Department of Insurance announced. Currently, around 80 percent of non-resident producers and agencies renew their licenses electronically. The department …
