Property owners in Danvers, Mass., have approved a $6.6 million settlement offer by the co-owners of a paint factory that exploded in 2006 and caused major damage to their neighborhood. The deal, overwhelmingly approved at a meeting of members of …
For the golf industry, 2008 business is at best a bogey — probably worse. And for the agents, carriers and program managers who cater to the golf and country club world, that’s made for a rough market, lately. Three key …
The co-owners of a Danvers, Massachusetts, paint factory that exploded and caused extensive damage to the surrounding neighborhood have proposed a $6.6 million settlement. According to a settlement proposal, factory co-owners CAI Inc. of Georgetown and Arnel Co. of Danvers …
Efforts to overhaul U.S. financial regulation are seen gathering pace early next year, as a new Congress and administration seek to safeguard public money put at risk by recent rescue measures. The Federal Reserve’s extension of emergency credit to investment …
Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 states, according to a new study released yesterday. The federal legislation would …
The continued steady subprime and credit crisis-related lawsuit filing level suggests that the litigation wave will continue during the second half of 2008. Is litigation stemming from the subprime- and credit crisis-related activity increasing directors’ and officers’ insurance premiums? Despite …
New Markets The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Builders Risk and Affiliated Exposures Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders …
Massachusetts is experiencing a big jump in health insurance and a big drop in payments for the uninsured under the state’s health care law. Between Jan. 1 and March 31, the number of people getting health insurance grew from 340,000 …
N2 | Washington Report House Subcommittee Moves Key Federal Bills N4 | Insurers Bitten by $350 Million in Dog Claims Average Liability Claim Tops $24,000 N6 | Conning: Insurers’ Financials Strong, Despite Price Deterioration Predicts Negative P/C Environment in Next …
Allied World, Darwin Bermuda-based Allied World Assurance Co., Ltd. has agreed to acquire Connecticut-based Darwin Professional Underwriters, Inc. Darwin offers specialty and primary professional lines coverages, which include health care professional liability and niche errors and omissions. Darwin also has …
