The 4th District of the California Court of Appeals has reversed a lower court decision in a pollution liability case, State of California v. Continental Insurance Co. et al. Policyholders are entitled to the full policy limits of all policies …
The Financial Services Authority and Lloyd’s have given approval for a new managing agency to assume the management of the Sportscover syndicate, 3334 SCS. The new managing agency, Sportscover Underwriting Limited (SCU), commenced operating on December 24, 2008. “Sportscover’s syndicate …
A bulletin from Aon’s London office notes that “with insolvencies set to increase in 2009, some 20 percent more of SMEs have turned to credit insurance this year to protect their balance sheet than in 2007.” Aon’s Trade Credit division …
U.K.-based Robertson Taylor, the specialist global music and entertainment subsidiary of Lloyd’s insurance broker Oxygen, has expanded its Fine Arts Division with the appointment of Victoria France as managing director of fine arts. Based in the Los Angeles office, France …
A Connecticut woman has filed a racketeering lawsuit accusing the Roman Catholic Diocese of Norwich of conspiring to cover up sexual abuse of children by priests. The woman is known only as Jane Doe in the lawsuit pending in U.S. …
Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …
The London-based marine insurer Steamship Mutual, a leading P&I Club, announced that it is launching a structured Pre-Employment Medical Examination (PEME) scheme. The exam provides an “enhanced medical test and screenings to Members’ crew and forms part of the Club’s …
Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) …
Bermuda-based Validus Holdings, Ltd. announced today that it is expanding its business into Technical Lines Property insurance through the creation of Validus Underwriting Risk Services Inc. (VURS), a managing general agency based in New York. Validus named David Hawksby as …
Marsh’s London office has issued a bulletin indicating that it “expects a sharp rise in the number of UK companies buying fraud insurance protection next year, as the world economy continues to deteriorate. Marsh also expects the number of insurance …
