Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase its ownership interest in Willis Pudong Insurance Brokers Co. Ltd. …
FloridaFAIA Likes Due-Diligence Decision The Florida Association of Insu-rance Agents has filed an amicus (friend of the court) brief with the First District Court of Appeals in a case involving an insurance agent who appealed a Final Order of the …
Arkansas Mobile Home Lawsuit Dismissed The Arkansas Court of Appeals dismissed a lawsuit filed by Nationwide Mutu-al Fire Insurance Co. over payment of a claim after a mobile home caught fire in Beebe, Ark. The Associated Press reported that Nationwide …
California Governor’s Measures Defeated in Special Election California’s special election battle, the costliest campaign in the state’s history, roared to a close in November, much to the chagrin of Gov. Arnold Schwarzenegger. Eight statewide measures that were on the ballot …
New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the reinsurance markets. No less than eight …
Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and businesses for insured property losses in 14 states, according …
P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain from the record results posted …
P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain from the record results posted …
MASSACHUSETTS Sprinkler Opposition: Dozens of Massachusetts restaurants and private clubs are appealing a state mandate in that they install sprinkler systems, arguing that they are being misclassified as nightclubs. The Legislature last year passed a law requiring any club with …
ILLINOIS Garrett Bonham, 29, seeks more than $75,000 in a lawsuit filed last month for injuries sustained in his 10 years of employment as a performing knight at the Schaumburg, Ill., Medieval Times, according to the Chicago Tribune. Although filed …
