A strong start to the year has taken enough pressure off Dutch bancassurer ING Group to allow it to substantially delay or even potentially scrap the expected 2011 flotation of its insurance business. The talk of ING rethinking its timeline …
Houston-based HCC Insurance Holdings Inc. announced that Scott W. Wise has resigned from the company’s board of directors. The resignation is effective immediately. Wise’s decision was based on his acceptance of a new position of employment. Wise has served as …
Montgomery County, Maryland is trying to get rid of a lawsuit charging that the way it operates its speed camera program is illegal. The lawsuit says the county is breaking Maryland law by paying a contractor by the ticket. Affiliated …
Aon’s International Space Brokers has launched Investment Protection Insurance (IPI) for space investors.Aon says IPI is the first policy strictly for investors, and is designed to cover the loss of an investment in a space satellite, launch failure and satellite …
A U.S. judge has taken the unusual step of sanctioning a unit of Transocean Ltd, owner of the rig in the Gulf of Mexico spill, for “vexatious” tactics in fighting liability from a decades-old oil well spill in Louisiana. Attorneys …
“Traditionally, insurance coverage for supply chain disruption has required physical damage to the insured’s assets to trigger a claim,” Marsh points out. However, recent events have increased interest from a number of organizations in protecting themselves from “non-physical damages.” The …
Missouri lawmakers have approved new regulations, including fees and an insurance requirement, for people who raise wild animals such as lions, bears and tigers. Legislation sent to the governor will require anyone possessing, breeding or transporting large carnivores to get …
Zurich Financial Services Group has announced a “streamlined” management structure and related senior management appointments. “At the core of the new structure is a reaffirmation of Zurich’s segment-oriented approach to managing its insurance businesses globally,” the bulletin explained. The appointments …
The Insurance Council of Texas (ICT) has teamed with HailWatch to provide a detailed look at geographic locations that may have been impacted by severe hail caused by violent thunderstorms. ICT news releases on storms designated as weather catastrophes will …
Energy giant BP reported a limited success at containing the oil that is gushing unabated into the Gulf of Mexico Sunday but a skeptical U.S. government said it was “not a solution.” Reports of huge oil plumes in the Gulf, …
