Monthly Archives: <span>September 2010</span>

Chartis Targets Private Equity, Venture Capital Firms with Liability Program

Chartis has launched Private Equity Professional Edge, a management and professional liability insurance program for private equity and venture capital firms and their managers. Private Equity Professional Edge combines directors and officers, professional liability, and employment practices liability coverages into …

Ratings: WR Berkley (notes), Agri General, Horace Mann, Hingham/Danbury, Standard Casualty

Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior unsecured debt rating to W.R. Berkley Corp.’s (WRB) proposed issue of $300 million of 5.375 percent senior unsecured notes, which are due in 2020. “WRB will use the net proceeds …

Buyers Give up on Deal to Buy AIG’s Taiwan Life Unit

Intended buyers of insurer American International Group’s Taiwan unit have ended their purchase agreement after Taiwan’s regulators opposed the deal [See IJ web site – . https://www.insurancejournal.com/news/international/2010/09/02/112961.htm ]. China Strategic Holdings said in a statement late on Monday that it …

Sources Report AIG Secures Approval to List AIA on Hong Kong Exchange

American International Group Inc inched closer in its ambitious plan to list its Asian life insurance business, AIA Group Ltd, after securing approval from the Hong Kong stock exchange, sources with direct knowledge of the matter told Reuters Tuesday. AIA’s …

Toyota Settles Suit Over High-Profile California Crash

Toyota Motor Corp. has settled what is widely regarded as the most serious lawsuit of the hundreds of claims the automaker faces. The company has agreed to settle the suit brought by relatives of four family members killed in a …

Tropical Storm Lisa Forms Near Cape Verde Islands

The Atlantic hurricane season is in full swing as it continues to produce named storm after named storm. The latest in the parade, which has been forming almost constantly off of the Cape Verde Islands over the last 6 weeks, …

NTSB: Dakotas Booster Seat Laws Lacking

The National Transportation Safety Board says child passenger safety laws in 21 states including the Dakotas still do not meet its safety recommendations. The NTSB has called for state child restraint laws to cover children up to 8 years old. …

High Value Homeowners Market Healthy Despite Tough Economy

One of the most important features of writing high net worth business is high value homeowner’s coverage — but these policies can be complicated for agents to understand because they have many more components than traditional personal lines homeowner policies. …

ISO Equips Own Fleet with Devices to Monitor Driving Behavior

ISO has announced that it will equip more than 600 ISO company vehicles with telematics devices to monitor and record data about driving behavior. Information will include Global Positioning System (GPS) and On-Board Diagnostic (OBD-II) data for vehicle information and …

Murder Case Tries ‘Caffeine Insanity’ Defense That Worked in Car Accident

A Kentucky man accused of strangling his wife is poised to claim excessive caffeine from sodas, energy drinks and diet pills left him so mentally unstable he couldn’t have knowingly killed her, his lawyer has notified a court. The trial …