Willis Group Holdings Limited has completed a leveraged transaction with the original family shareholders of Gras Savoye & Cie, a leading French insurance broker, and Astorg Partners, a private equity fund, to reorganize the capital of Gras Savoye, first announced …
The U.S. Third Circuit Court of Appeals has ruled that a man’s drunkenness did not render his attempted shootings of a woman accidental and therefore did not trigger coverage under either his homeowners policy or his personal umbrella liability policy …
Marsh announced that it has concluded an agreement to acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of the HSBC Banking Group. The total consideration is valued at £135 million ($218 million), to be paid with a “mixture …
Marjorie Segale has been promoted to president of Insurance Skills Center (ISC), a Pleasanton, Calif.-based education company owned by IBA West Service Corp. “Marjorie has held key positions with ISC since she was hired in 1989,” said Insurance Brokers and …
Alleged swindler Allen Stanford will spend more than a year in custody after a U.S. judge Thursday set his criminal trial for January 2011. “This criminal case is going to get under way and it is going to go on …
Lawyers for victims of a Rhode Island nightclub fire that killed 100 people have asked a judge to approve a trust fund that will pay out $176 million in settlement proceeds. The request was made in court papers filed Wednesday. …
WSB-TV reported that a lawsuit claims Insurance Commissioner John Oxendine — a Republican candidate for governor — took trips on the tab of a campaign contributor who asked for help in an insurance dispute. The federal lawsuit involves a dispute …
A new portion of the New Hampshire building codes will require that sprinkler systems be installed in all new homes. WMUR-TV said the New Hampshire State Building Code Review Board voted to require sprinklers in every newly constructed single- and …
Northwestern Pennsylvania’s largest city has banned hand-held cell phone use by those driving vehicles or riding bicycles. Erie City Council approved the measure this Wednesday. Mayor Joe Sinnott says he’ll sign it and the law will take affect Jan. 5. …
Some New York independent livery companies will have a new insurance requirement for licensing starting Jan. 1, 2010. The state is requiring that independent livery bases in Westchester, Nassau and New York City either join a new Livery Drivers Benefit …
