Europe’s aviation regulator said fire from an oil leak was the likely cause of last week’s engine failure of a Qantas A380 plane and ordered stringent inspections on super jumbos using Rolls-Royce engines. Qantas said on Thursday it expected its …
California Insurance Commissioner Steve Poizner has announced he is filing a lawsuit challenging a California Office of Administrative Law (OAL) determination, issued last month that his efforts to stop insurers from investing in Iran constituted an “underground regulation.” The commissioner’s …
Dutch bancassurance group ING said on Wednesday it planned two initial public offerings, rather than one, for its insurance activities as part of a mandatory split-up imposed because of its state bailout. Chief executive Jan Hommen told a conference call …
Complacency at BP, as well as at Transocean Ltd and Halliburton, led to serious missteps prior to the rig explosion that unleashed millions of barrels of oil into the Gulf of Mexico over the summer, the heads of the White …
The city of Myrtle Beach is suing 11 hotels to make them remove their swimming pool enclosures. The Sun News of Myrtle Beach reported the federal suit filed last week contends the enclosures violate federal rules, risking the city’s coverage …
A judge has limited the potential liability of the public transit agency in the District of Columbia in a suit brought by survivors of those killed in the 2009 crash on the Metro red line by ruling that the transit …
Standard & Poor’s Ratings Services has raised its counterparty credit rating on ProAssurance Corp. to ‘BBB’ from ‘BBB-‘ with a stable outlook. S&P said the upgrade “reflects our view of PRA’s financial profile, supported by its strong operating performance, capital …
If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing general agents doing business in …
Washington’s Department of Labor & Industries (L&I) has announced a 12 percent average increase in workers’ compensation insurance premiums for 2011. Average premiums would go up by 6.5 cents per hour worked. The new rates take effect Jan. 1, 2011, …
Chubb & Son announced its attorneys have filed an appeal with the Washington Office of the Insurance Commissioner over enforcement action that would have prevented six of its companies from writing new policies for nine months. The appeal resulted in …
