Chemical company DuPont last week offered to pay $70 million and spend millions more on medical monitoring for the next 30 years to end a legal battle over a toxic exposure case it lost in West Virginia. The proposal drew …
Willis Group Holdings’ annual Marine Market Review has concluded that “while the shipping industry is showing tentative signs of recovery, the surplus capacity in the marine insurance market defies logic as more insurers queue up to enter an already crowded …
Cooper Gay, the UK-based independent global wholesale broker, which combined with Swett & Crawford in July, has restructured its London based marine and energy reinsurance team to target continuing growth in market share. Steven Herbert has been made Head of …
The Canada Revenue Authority (CRA) confirmed that Barbados insurance companies including Exempt Insurance Companies (EIC) and Qualifying Insurance Companies (QIC) are “liable to tax” under paragraph IV (1) of the 1980 Barbados-Canada Double Taxation Agreement and can generate exempt earnings …
Negotiators for the Irish government and the European Union put the finishing touches on an €85 billion [$113 billion] bailout for the beleaguered country over the weekend. The agreement follows Ireland’s somewhat reluctant acceptance that the situation with its banks …
A new round of U.N. climate talks opens on Monday with almost 200 nations meeting in Mexico in hopes of clinching an agreement on a narrow range of crunch issues dividing rich and emerging economies. The two-week conference at the …
Germany and France declared on Monday that Europe had taken decisive action to save the euro by rescuing Ireland and laying the foundations of a permanent debt resolution system, but investors were not convinced. Under pressure to arrest the threat …
Wyoming officials have compiled their first monthly report on vehicle crashes using more detailed information from officers in hopes of better understanding how to improve highway safety. The system includes mores specifics about such factors as injuries and what distractions …
CNA Canada has improved and updated Oneworld Global Master Policy. This worldwide policy provides coverage for Canadian-based business leaders who operate domestically or internationally. Oneworld offers broadened property coverage, enhanced casualty wordings/endorsements and industry-specific casualty endorsements, upgraded Inland Marine coverage …
Rene’ Maddox has been promoted to senior vice president of underwriting at AmCom Insurance Services Inc. Maddox now manages all aspects of AmCom’s underwriting operations. She has more than 20 years underwriting experience and has been with AmCom for 15 …
