Tower Says Its Sale of Stake in Canopius Lessens Liquidity Concerns December 18, 2013 Tower Group International Ltd. said that it has paid $70 million that was outstanding to its Bank of America credit...
Death Spiral Unlikely for Obamacare: Study December 18, 2013 By Jason Lange A threat to America’s health insurance overhaul has been that young people would not buy coverage in new marketplaces, possibly...
One-Fifth of Drinkers Admit Driving When Near or Over Alcohol Limit December 18, 2013 By Alexandria Baca A fifth of U.S. motorists who drink say they’ve driven at least once in the past year when they thought...
W.R. Berkley Names Littzi As VP, Senior Counsel December 18, 2013 Insurance holding company W. R. Berkley Corp. has named John M. Littzi as vice president and senior counsel, where he...
BP Seeks Halt to Oil Spill Payments to Seafood Firms, Alleges Attorney Fraud December 18, 2013 By Jef Feeley and Margaret Cronin Fisk BP Plc asked a U.S. judge to stop payments in the $2.3 billion seafood-industry portion of its settlement over the...
RSA’s S&P Rating Remains Seriously at Risk Even after Second Downgrade December 18, 2013 An analysis from Stuart Shipperlee, Analytical Partner at Litmus Analysis, notes that following S&P’s initial downgrade last month, “RSA faced...
Swiss Re Reports 2013 Disaster Losses at $130 Billion; $44 Billion Insured December 18, 2013 According to preliminary estimates from Swiss Re’s latest sigma report, insured losses from natural catastrophes and man-made disasters in 2013...
Willis International Chairman Sarah Turvill to Retire; Will Join Board December 18, 2013 Willis Group Holdings announced that Sarah Turvill will retire as Chairman of Willis International at the end of 2013, and...
Sompo Japan to Buy UK Insurer Canopius in Overseas Expansion Drive December 18, 2013 By Komaki Ito and Tomoko Yamazaki Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, confirmed earlier reports that it...
Couple Settles for $1M in North Carolina Daycare Tragedy December 18, 2013 Court records say a Catawba County couple has received a $1 million settlement from a Mooresville daycare after their infant...