A U.S. federal judge ordered insurer Lloyd’s of London Tuesday to pay for alleged swindler Allen Stanford’s defense. Stanford and three other defendants sued the insurer after Lloyd’s stopped providing coverage last year under a directors and officers policy, citing …
The Idaho Department of Insurance reported it has recovered more than $4 million for Idaho consumers in 2009, by helping hundreds of Idahoans settle disputes with insurance companies. According to DOI Director Bill Deal, complaints are received on all lines …
U.S. Treasury Secretary Timothy Geithner flatly denied any role in counseling American International Group Inc. to keep quiet about payments it made to leading banks during a 2008 rescue of the stricken insurer. Geithner faces a grilling on Wednesday before …
Water, wind and hail damage top the list of most common homeowner insurance claims in Texas, according to a review by Allstate Insurance Company of aggregated insurance carrier claims data. Allstate assessed data from 2000 – 2007 and found that …
Maine-based insurer The MEMIC Group has promoted Karl Siegfried to assistant vice president, Loss Control and Safety Services. Siegfried continues to oversee all of The MEMIC Group’s loss control operations, including its safety training and customer service efforts. He joined …
A Tennessee appellate court has ruled a county liability insurer doesn’t have to pay $5 million in damages won by the widow of a slain sheriff’s deputy in a wrongful death lawsuit over his shooting death. The ruling by the …
Nebraska lawmakers may allow car passengers to make liability insurance claims when their family members cause car wrecks. The Nebraska Legislature on Jan. 22 narrowly gave first-round approval to a bill (LB216) that would repeal the state’s so-called guest statute. …
Specialty insurer Ironshore Inc. has appointed Scott Fitzmaurice as regional executive for the Southeast and John Koller as branch executive in San Francisco, California. The appointments expand Ironshore’s U.S field operations. Fitzmaurice will report to Steve England, executive vice president, …
Elmer R. Jordan, past president of the Independent Agents and Brokers Association of the San Fernando Valley, Calif., has sold his agency to his daughter Karen Jordan-Quigley. The new name of the agency is Karen & Michael Quigley Insurance Agency. …
Torus has appointed Thomas Guesde as Senior Vice President of its new European Casualty platform. His appointment follows Torus’ launch of its operations in Continental European in September 2009. Guesde reports to David Perez, president and chief underwriting officer of …
