A federal judge in Boston has ordered 14 drug companies to negotiate settlements for 53 women who claim their breast cancer was caused by an anti-miscarriage drug their mothers took decades ago. Lawyers for the women said U.S. Magistrate Judge …
New Jersey Gov. Chris Christie refused to sign into law a bill that aimed to make younger drivers safer. The bill would have changed the state’s graduated driver’s license program to require novice drivers to receive more supervised practice time. …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of The New India Assurance Company Limited. Best said the “ratings reflect New India’s …
Lloyd’s insurer Marketform has announced that Simon Turner has stepped down as a Director and as CEO of Marketform Managing Agency Ltd and Director of Marketform Limited as of January 13, 2012. Former COO John O’Neill has taken over as …
Carnival Corp, whose luxury cruise liner Costa Concordia capsized off the coast of Italy last week, said on Thursday it will conduct an audit and review of safety and emergency response procedures at all of its cruise lines. Carnival Chief …
Bermuda-based Endurance Specialty Holdings Ltd announced that its initial loss estimate related to the floods that occurred in Thailand in the fourth quarter of 2011 is $76.5 million. The announcement said they “predominantly impacted Endurance’s property reinsurance book of business.” …
Fairfax Financial Holdings Limited announced that it has agreed to acquire approximately 25 percent of the issued and outstanding shares of Thai reinsurer, Thai Reinsurance Public Company Limited, for approximately US$70 million. “As part of the purchase, Fairfax will have …
Rye Brook, N.Y.-based specialty insurer The Navigators Group said this week that its principal underwriting agency subsidiary, Navigators Management Company, expanded its Navigators Re division by launching a professional liability reinsurance unit. The Navigators Group said this new professional liability …
The Secretary of State has verified the 2012 Automobile Insurance Discount Act will qualify for the November ballot. The initiative had the 504,760 signatures required to place the initiative on a statewide ballot. The initiative is sponsored by the American …
A lawsuit in which Texas accused Johnson & Johnson of plundering the state Medicaid program by overstating the safety of an expensive anti-psychotic drug and improperly influencing officials and doctors to push the medication has been settled for $158 million, …
