Monthly Archives: <span>July 2015</span>

PartnerRe Weighs New Deal Terms with AXIS to Fend Off EXOR’s Rival Offer

PartnerRe Ltd., seeking to fend off a hostile $6.8 billion cash bid from EXOR SpA, is weighing whether it can arrange new terms with rival reinsurer AXIS Capital Holdings Ltd. to preserve their planned merger. The two Bermuda-based insurers postponed …

Nautilus Insurance Enhances Contractors Program

Coverage Now Available in 48 States, Including California. Scottsdale, AZ, July 13 2015 — Nautilus Insurance, a W. R. Berkley Company®, has announced the enhancement of its General Liability product offering for Contractors, while also expanding product availability to all …

Lawsuit Filed Over Evacuations in Tennessee Train Derailment

A lawyer says he has filed a lawsuit on behalf of residents who were evacuated when a CSX train car carrying hazardous material derailed and caught fire in East Tennessee on July 1. Maryville attorney Kevin Shepherd said July 10 …

Florida Approves Removal of More Than 80,000 Policies from Citizens

The Florida Office of Insurance Regulation (FLOIR) approved the removal of up to 80,000 personal residential policies and 1,050 commercial residential polices from Citizens Property Insurance Corp. (Citizens) by the following three companies: Heritage Property & Casualty Insurance Co. – …

Blue Bell to Test New Quality-Control, Safety Procedures at Alabama Plant

Blue Bell Creameries said July 8 that it plans to test production runs at its Alabama plant as the company inches toward putting its ice cream back on grocery store shelves. Blue Bell notified Alabama health officials and the U.S. …

South Carolina High Court Further Reduces Penalty on Janssen Pharmaceuticals

South Carolina’s highest court further reduced the penalty against a Johnson & Johnson subsidiary accused of deceptive marketing of an anti-psychotic drug. The decision was to substitute the same verdict the court reached in February in order to correct a …

Claiming Musical-Chairs Injury Arkansas Woman Sues for $75K

A former student of a Malvern college wants the state of Arkansas to pay her $75,000 in damages after she said she broke two fingers during a classroom game of musical chairs. Robin Earnest of Saline County said she and …

Harmful Treatments Get Michigan Doctor 45 Years in Prison

Calling the scheme “horrific,” a judge sentenced a Detroit-area cancer doctor to 45 years in prison for collecting millions from insurance companies while poisoning more than 500 patients through needless treatments that wrecked their health. U.S. District Judge Paul Borman …

JLT Specialty Insurance Appoints Benvenuto as EVP in Chicago

JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Robert “Bennie” Benvenuto as executive vice president and member of the U.S. Executive Committee. He is based in Chicago. Benvenuto will …

Texas Seeking Applications for Windstorm Insurance Assoc. Board

The Texas Department of Insurance is accepting applications for the Texas Windstorm Insurance Association board of directors after the makeup of the board was changed by the 84th Legislature. Under Senate Bill 900, the board will include: Three board members …