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Duffy Takes Helm at Canopius in U.S.; Bird, Fowles Promoted

Canopius Group Limited, the global specialty insurance and reinsurance unit of Sompo Holdings, has made changes to its U.S. management line-up, including naming Mike Duffy as executive chairman of U.S. operations. Duffy’s appointment follows the recently announced retirement of Jim …

Parents Sue Georgia Sperm Bank, Claiming It Misrepresented Donor

He was good on paper: Eloquent, mature, healthy and smart to boot. That’s why Angela Collins and Margaret Elizabeth Hanson say they chose Donor 9623 to be the biological father of their child. Then last June, almost seven years after …

Pfizer Wins First of 1,000 Suits Claiming Antidepressant Zoloft Link to Birth Defects

Pfizer Inc.’s Zoloft antidepressant didn’t cause a boy’s birth defects, a jury concluded in the first trial of more than 1,000 lawsuits over what was once the U.S.’s most popular mood-altering drug. Jurors in state court in St. Louis Friday …

Georgia Supreme Court Sides with XL Specialty in Barring Bad Faith Claim

The Georgia Supreme Court denied an insured’s bad faith claim against its insurer for its refusal to pay a settlement because the insured settled on the amount without the consent of the insurer that was required by the policy. A …

AssuredPartners Completes Acquisition of Platinum Planning in New Jersey

AssuredPartners Inc. announced last week that it has completed the acquisition of Platinum Planning (doing business as Walsh Benefits). Terms of the transaction were not disclosed. Walsh Benefits operates in the New Jersey cities of Fair Haven and Cranford under …

California Workers’ Comp Premium Up 11% in 2014; Combined Ratio Still Exceeds 100

California written premium for calendar year 2014 was roughly $16.5 billion, 11 percent above the total in 2013 and 88 percent above the written premium reported for 2009, according to a report from the California Workers’ Compensation Insurance Rating Bureau …

New York State Police Launch Safety Campaign Aimed at Teen Drivers

New York State Police are launching a traffic safety campaign aimed at minimizing crashes involving teen drivers. “The Empty Chair” driving safety campaign starts Monday and runs through Friday. The empty chair symbolizes the missing high school senior on graduation …

EEOC Alleges Maryland Insurance Administration Violated Equal Pay Act

The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against the Maryland Insurance Administration (MIA), alleging that Maryland’s insurance regulatory agency paid its women investigators and enforcement officers lower wages compared to their male counterparts for performing substantially …

New Jersey Grapples With How, Whether to Regulate Uber, Lyft

Ride-hailing companies like Uber and Lyft could be driven out of New Jersey if a bill lawmakers are considering becomes law. That’s at least what the transportation network companies faced with potential new regulations say. Lawmakers, unionized taxicab drivers and …

Texas’ Residual Property Insurance Markets Hit with Severe Weather Claims

The Texas Windstorm Insurance Association (TWIA) and Texas FAIR Plan Association (TFPA) began responding to policyholders impacted by the severe weather that affected a number of Texas communities last week and over the weekend. As of April 20, TWIA and …

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