ACE Bermuda announced the appointment of Jeffrey Jabon to the position of Senior Vice President of its Professional Lines department. He takes on management of the department and will be responsible for the development of ACE Bermuda’s professional liability book …
The Colorado House has passed a bill that requires a motor vehicle insurance company to be appointed as an insured person’s agent in a lawsuit arising from an accident in which the at-fault driver is deemed to be “uninsured.” House …
A federal appeals court said Monday insurer Lloyd’s of London must pay claims related to alleged swindler Allen Stanford’s defense. Stanford, his former chief investment officer Laura Holt, and former accounting executives Gilbert Lopez and Mark Kuhrt sued Lloyd’s after …
Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their customers. Sen. Chris Dodd, D-Conn., unveiled his “Restoring American …
Toyota Motor Corp. said Monday it had found no evidence to support the driver’s account of a widely publicized “runaway” Prius incident in California that overshadowed the company’s attempts to restart sales after a punishing series of recalls. U.S. safety …
Zurich Financial Services is actively talking with sovereign wealth fund China Investment Corp and major steelmaker Baosteel on fundraising plans for their venture New China Life Insurance, a Zurich Financial executive said on Tuesday. Johnny Chen, Zurich Financial’s chief executive …
The University of North Alabama is among a small but growing number of colleges that contact parents if their children get nabbed for underage drinking. Kim Greenway, director of judicial affairs and student affairs at UNA, says underage drinking is …
Nearly a year after the state’s worst wildfire, forest managers and landowners have asked legislators to give them more protection from lawsuits when they intentionally set fires to reduce debris that could fuel wildfires and inadvertently damage property. Forestry experts …
In a briefing session to introduce a package of bills supported by the Louisiana Department of Insurance for the upcoming legislative session, Insurance Commissioner Jim Donelon described the state’s insurance market as being in “good shape” and said the department’s …
Florida officials say a statewide sweep of staged accident scammers last week resulted in the arrest of 19 suspects, including arrests in Ft. Myers, Miami, Orlando, Pensacola, Tampa and West Palm Beach Florida CFO Alex Sink said that since July …
