Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, forecasting the insurance industry will have to pay out $20 billion to $30 billion in claims. That estimate, issued late Thursday night, compares …
A Rhode Island Superior Court judge has ruled that the town of Johnston does not have to pay $4.3 million in damages awarded to a girl who says she was bullied and beaten by a police detective’s daughter and two …
Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on March 11. S&P has revised the outlooks …
Commercial insurance prices were relatively flat for the eighth consecutive quarter, while accident-year loss ratios deteriorated relative to the same period in the prior 12 months. According to global professional services company Towers Watson’s most recent Commercial Lines Insurance Pricing …
North Carolina lawmakers already have banned young drivers from using cell phones and everyone else from texting or emails while behind the wheel. Now they’re considering whether to go further. A commerce committee this week debated a measure that would …
Michigan is preparing to enact new restrictions on teen drivers-in-training. Law enforcement, insurance and education leaders gathered in East Lansing this week to explain the requirements that take effect March 30. The new legislation limits how many passengers drivers with …
Former U.S. Sen. Fred Thompson says legislation that seeks to limit monetary damages from lawsuits in Tennessee is unnecessary and that a jury should decide how much is awarded and not state government. The proposal by Republican Gov. Bill Haslam …
A civil lawsuit accusing a Detroit area youth football league and team of negligence contributing to a cheerleader’s injury has been reinstated by the Michigan Court of Appeals. The Appeals Court reversed a Macomb County Circuit Court ruling and reassigned …
Standard & Poor’s Ratings Services said that its ‘BB+(sf)’ rating on Topiary Capital Ltd.’s Series 2008-1 notes will remain on CreditWatch, where it was placed on March 18, 2011, with negative implications. S&P explained that the “calculation agent, RMS, is …
Swiss Re’s Board of Directors has announced the agenda for the reinsurer’s forthcoming annual general meeting, set for April 15, and the proposals for which it will seek approvals. The Board will propose a dividend for 2010 of CHF 2.75 …
