A.M. Best Co. has made several announcements concerning its ratings on Royal & Sun Alliance’s Canadian operations. Best affirmed the financial strength ratings (FSR) of “A-” (Excellent) of Royal & Sun Alliance Company of Canada (RSA Canada) and Quebec Assurance …
The United States Court of Appeals for the Third Circuit has voided on procedural grounds a July 2003 arbitration decision that was in favor of Travelers (St. Paul Travelers) in litigation brought by ACandS, Inc. The 2003 arbitration decision had …
As part of its ongoing series of Webcasts dealing with the global insurance environment, international broker and risk manager, Willis Group Holdings, published a Webcast on Thursday, Jan. 19, entitled “How Global is Your Global D&O Program?” It focuses on …
AIR Worldwide Corp. announced the opening of AIR Worldwide GmbH in Munich, Germany, “to meet the needs of its expanding client base in the region.” Yoern Tatge will head the new office. AIR noted: “Europe has been an area of …
Parents and advocacy groups are filing suit against Viacom’s Nickelodeon media outlets and snack and cereal giant Kellogg to stop them from marketing junk food to young children. The plaintiffs maintain that these two companies are directly harming kids’ health …
On Jan. 6, Maryland’s highest court handed a victory to the welding industry by ruling that the scope of the pollution liability exclusion in a business insurance policy does not encompass welding rod liability. In Clendenin Brothers, Inc. v. United …
The Council for Citizens Against Government Waste (CCAGW) on Thursday encouraged Congress to pass S. 852, the Fairness in Asbestos Injury Resolution Act (FAIR Act). The legislation establishes a trust fund to reimburse true victims of asbestos exposure while limiting …
The National Association of Mutual Insurance Companies (NAMIC) said it will oppose a Colorado bill that would mandate emergency medical care coverage because it will increase the number of uninsured drivers, increase rates, and adversely impact low-income consumers. SB 19, …
Mayor C. Ray Nagin reported on Thursday that the City of New Orleans has entered into a Consent Decree regarding the demolition of homes and property damaged by Hurricanes Katrina or Rita and deemed to be in imminent danger of …
On Jan. 9, 2006, the Supreme Court of New Mexico upheld arson exclusion language by ruling that “vandalism and malicious fraud” includes acts of arson. “The Battishill v. Farmers Alliance ruling recognized the clear language of the exclusion, and that …