The state Legislature is preparing to begin debate on possible changes to Michigan’s unique auto insurance coverage for people injured in accidents. Michigan now is the only state in the nation that mandates unlimited medical benefit coverage for people seriously …
The long awaited end of the reinsurance pricing cycle may be obtainable, but is that necessarily good news? In his keynote speech at the PricewaterhouseCoopers breakfast briefing at the Reinsurance Rendezvous Martin Sullivan, deputy chairman of Willis Group and CEO …
As the Reinsurance Rendezvous in Monaco enters its second day, it has become apparent that most of the world’s global reinsurers are more than adequately capitalized. In conferences held on September 11 both A.M. Best and Standard & Poor’s described …
Ex-Aon Benfield Chairman Charlie Cantlay is to join the Board of Directors of AIG’s Lloyd’s Syndicate, Ascot Underwriting, as Executive Director starting 3rd October. Ascot manages Lloyd’s Syndicate 1414. Cantlay resigned as Chairman of Aon Benfield UK earlier this year. …
A Delaware bankruptcy judge on Friday ordered insurance companies to pay their share of a settlement with priest sex abuse victims that is the foundation of the Catholic Diocese of Wilmington’s reorganization plan, and he angrily turned aside the insurers’ …
Even after 9/11 and Hurricane Katrina, most Americans have a false sense of security when it comes to their readiness for a natural disaster or major terrorist attack, according to researchers at Columbia University. A new survey by the National …
New Hampshire’s attorney general objected Friday to a proposed settlement in a tug-of-war over $110 million of surplus money in a state-created malpractice insurance fund because lawyers would get up to $27.5 million of it. Attorney General Michael Delaney wrote …
A federal judge plans to talk with attorneys this month about how to move forward with a seven-year-old lawsuit linked to a corruption case that sent one of Mississippi’s most prominent lawyers and two former judges to prison. U.S. District …
Authorities estimate that a recent tornado and strong storms in north Georgia inflicted at least $15 million in damage. Insurance Commissioner Ralph Hudgens said that the damage estimate was preliminary and could grow as homeowners and insurers continue to assess …
Sean M. Fitzpatrick is joining Bermuda-based Endurance Specialty Holdings Ltd. in the new role of president and head of U.S. property/casualty retail insurance. Fitzpatrick will be responsible for expanding Endurance’s presence in the U.S. specialty retail market. He will join …
