The Supreme Court said Monday it would decide when U.S. laws against securities fraud apply to transnational securities dealings, specifically involving a case about a shareholder lawsuit against National Australia Bank Ltd and its former U.S. mortgage unit. The justices …
Aon’s International Space Brokers has reported that space insurers are expected to generate more than $400 million in profit for 2009, provided there are no claims before the end of the year. “The space insurance market has been very profitable …
Naxos Avondale Specialty Casualty Inc., an underwriting management company focused on the specialty casualty excess and surplus lines markets, has officially launched operations and begun accepting business. The creation of Naxos Avondale was announced in August 2009 as a joint …
The world should cut greenhouse gas emissions by 50 percent by 2050 from 1990 levels with the bulk of the reduction coming from rich countries, according to a draft proposal by Denmark, host of Dec 7-18 U.N. climate talks. The …
The Los Angeles Chapter of the CPCU Society has named Gerald J. Sullivan its Rie R. Sharp Insurance Person of the Year Award winner. According to the society, the award recognizes “an individual who has set a notewrothy example of …
ACE announced the appointment of Tom Hillier in the role of Corporate Casualty Manager for London, based in ACE’s Leadenhall Street office. He will report to Graeme McGeachie, Corporate P&C Underwriting Manager, Southern Region. ACE noted that the “appointment follows …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-” (Excellent) from’ B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of SGI CANADA Insurance Services Limited (SCISL). Best also upgraded the FSR to ‘A-‘ (Excellent) …
Marsh announced that it has reached an agreement with UDrive Solutions to offer its comprehensive range of driver and fleet assurance products on an exclusive basis, to Marsh’s clients, initially in the UK. Marsh explained that UDrive Solutions provides a …
Mississippi’s Lee County will spend more than $50,000 over the next three years on accident and life insurance for its 300-plus volunteer firefighters. The county’s 18 fire departments include only one — Tupelo — where every staffer is paid. Lee …
A $250,000 default judgment against Tippah County has been upheld by the Mississippi Supreme Court. The case was filed in 2007 by Daniel Childers of Ripley, who contended that his elbow was broken during an arrest by county deputies in …
