Somali pirates are increasingly using hijacked merchant vessels with hostage crews as giant motherships to attack deeper into the Indian Ocean, the European Union anti-piracy task force says. Forcing the original crew to operate the ship at gunpoint, pirates can …
UK-based specialist insurer Amlin plc announced that a wholly owned subsidiary has entered into an agreement to acquire Lead Yacht Underwriters Limited from members of Lead Yacht’s board of directors. The transaction remains subject to the approval of the change …
Martyn Perryman has been appointed Sales and Marketing Director for Willis UK & Ireland (WUKI), effective immediately. He is based in London and reports to Brendan McManus, CEO, WUKI. He will be responsible for increasing revenue growth and retention across …
Florida Insurance Commissioner Kevin McCarty has issued a cease and desist order shutting down a number of insurers for the unauthorized marketing and sale of automobile service warranty insurance products. The affected companies include Warranty Administration, Inc., SafeData Management Services, …
A Republican-controlled Assembly committee has approved a bill that would repeal minimum automobile coverage levels, sending the bill to the full chamber for a vote. The GOP-authored proposal would wipe out minimum coverage levels for liability and uninsured motorists created …
Lawmakers rejected plans for the Louisiana Department of Insurance to allow credit card payments for licenses, because they objected to the sliding scale of fees tacked onto card payments. The department had proposed the use of credit and debit cards …
A federal judge said Jan. 28 that he wasn’t trying to deprive states of their rights when he appointed Alabama’s newly elected attorney general to coordinate all states’ interests in the litigation spawned by the Gulf oil spill. “No such …
A federal jury in Texas on Jan. 28 ordered Johnson & Johnson and a subsidiary to pay $482 million in damages to an inventor who claimed the health care giant infringed on his patent for a cardiac stent. Jurors hearing …
Enforcement by the Missouri Department of Insurance resulted in consumers receiving $10.5 million from their insurance companies in 2010, the DOI reported. The money was returned through the department’s mediation efforts on behalf of consumers who had filed complaints, as …
CNA has added an enhancement to its current coverages for printers and publishers. The insurer has broadened the scope of coverage available in its Printing and Graphic Imaging (PGI) program with the addition of the Correction of Work endorsement. Offered …
