U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk reinsurance capacity in the Danish market, Mark Lucas, Managing Director, …
Workers compensation provider Majestic Capital Ltd. has agreed to be acquired by Bermuda-based Bayside Capital Partners LLC for $0.45 per share in cash, or an aggregate purchase price of approximately $7.8 million. The $0.45 per share in cash purchase price …
European Union lawmakers gave their final approval on Wednesday for the creation of watchdogs to regulate European banking, insurance and trading, in one of the most far-reaching financial reforms of the decade. Putting its stamp on an agreement sealed this …
Willis Group Holdings announced the appointment of Edward Fyfe as Regional Specialist Leader for Latin America. He is based in Peru, and “will strengthen the linkage between Willis’ Latin America operations and its Global Specialties business in the region which …
Colorado regulators say World Insurance Co. of Omaha, Neb., has paid a $153,000 fine after it was accused of not providing benefits it promised. The state Division of Insurance said that, among other things, the company didn’t cover procedures it …
The claims costs connected to the recent half billion egg recall will be unprecedented and include liabilities such as business interruption and reputation damage. During the next 15 months, the U.S. Food and Drug Administration will inspect the 600 largest …
The Illinois Department of Insurance is reminding Illinois families and employers that significant new health insurance benefits and protections become effective Sept. 23, 2010. The changes — a result of the Patient Protection and Affordable Care Act (the “Act”) signed …
The former Illinois State Police trooper blamed in a southwestern Illinois freeway wreck that killed two sisters wants state compensation for his crash-related injuries. The Belleville News-Democrat reports that Matt Mitchell has filed a workers’ compensation case against the Illinois …
Illinois Attorney General Lisa Madigan announced that investigators have identified 124 people with active arrest warrants who were residents or staff members of nursing homes for elderly residents. Madigan said they were identified through 21 unannounced nursing home compliance checks …
It’s time to get rid of nearly 260 FEMA trailers remaining of the 23,300 installed after Hurricane Katrina flooded New Orleans five years ago, several City Council members say. The trailers spoil the city’s image of recovery, Housing and Human …
