London News

Top 10 data loss disasters in 2006

Data recovery experts worldwide from Minneapolis, Minn.-based Ontrack Data Recovery chimed in for a poll to name the top 10 remarkable data loss disasters in 2006. While the data disasters could have been catastrophic for the companies and their customers, …

European Insurance Forum puts Ireland in the spotlight

Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the Dublin International …

Declarations

Catastrophic coverage “A decrease in the already low penetration rate would reduce the number of Californians able to afford to rebuild after a devastating earthquake.” — The California Department of Insurance, warning that if higher earthquake claims limits were unavailable, …

Two charged in bicoastal restaurant insurance brokerage scam

A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent Eric R. Dinallo announced. Ian …

My New Markets

Identity Fraud Expense Reimbursement, Small Business Nuts & Bolts: To help the principals of small businesses overcome the effects of identity fraud, Travelers Select Accounts has identity fraud expense reimbursement coverage. The coverage covers the time and out-of-pocket expenses incurred …

Are state-backed insurance schemes the wave of the future?

The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …

Two charged in bicoastal restaurant insurance brokerage scheme

A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, according to Acting New York Insurance Superintendent Eric R. Dinallo. Ian …

Are state-backed insurance schemes the wave of the future?

The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …

News Currents

Two charged in bicoastal restaurant insurance brokerage scheme A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, according to Acting …

Lexington Forms London-based Casualty Mid Excess Unit

American International Group’s Lexington Insurance Company announced that its London operation has formed a new Casualty Mid Excess unit offering $50 million in capacity. Lexington said: “The unit will focus on non-lead layer excess casualty programs with attachment points of …