The reinsurance world has always been a bit arcane, but rarely to the extent it appears to be right now. Henry Keeling, the president and CEO of Guy Carpenter’s international operations, noted at the European Insurance Forum in Dublin that …
A major overhaul of the state’s costly workers compensation system failed in the Illinois House on May 29, raising the possibility that lawmakers would push to entirely abolish a system that handles tens of thousands of cases each year. The …
Exactly a week after the Missouri city of Joplin was nearly leveled by the deadliest tornado to strike the U.S in decades, President Barack Obama visited to offer hope to survivors and promises of help. On May 29, Obama came …
Texas lawmakers were unable to come to terms on an overhaul of the state-backed insurer of last resort for wind and hail along the Texas coast, so they’ll be returning to Austin in July to try again. Their failure to …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its property/casualty members. Best also affirmed the ICR of “aaa” as well as the …
Frank Forde has joined RLA Insurance Intermediaries as underwriting officer heading the firm’s U.S. and International Financial Services practice in Boston, Mass. Forde has more than 20 years experience in underwriting directors and officers (D&O), professional liability, fidelity bond and …
Therese Goldsmith has been appointed as Maryland’s insurance commissioner. She most recently served as commissioner of the Public Service Commission of Maryland. She was previously a partner in the law firm Hogan & Hartson, where she served as part of …
New York City has agreed to pay $2 million to settle a lawsuit that claimed a man died in jail when his alcohol withdrawal went untreated. The New York Times says the settlement was announced in Manhattan federal court this …
A Philadelphia jury has awarded $10 million to a 13-year-old girl after deciding that she suffered a life-threatening drug reaction a decade ago. Attorney Eric Roberson told The Philadelphia Inquirer that Brianna Maya of Tennessee was 31/2 years old when …
U.S. Sen. Charles Schumer of New York said he will introduce a bill to stop car rental agencies from renting automobiles that are under recalls for problems that aren’t yet fixed. The industry this month proposed a two-tiered system in …
