The Insurance Bureau of Canada notes the conclusions of a new study that found the country’s home, car and business insurers believe that “the legal environment in Canada is becoming increasingly uncertain, and that organizations and individuals are more vulnerable …
The Hartford Financial Services Group has entered into an agreement with Equitas, the Lloyd’s runoff vehicle, and all Lloyd’s syndicates reinsured by Equitas that “resolves, with minor exception, all of the company’s ceded and assumed domestic reinsurance exposures with Equitas, …
A.M. Best Co. has commented that the ratings of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group, “remain unchanged following the announcement that the group is to be acquired by AXA …
According to a consultant for the Federal Alliance for Safe Homes, Florida’s building codes that were approved in 2001 are working. He also says that Hurricane Charlie was a “model” hurricane in the sense that it was exactly what the …
A sweeping investigation into bribery for investment contracts at the state insurance fund for injured workers has expanded to now include Ohio’s pension funds and the state treasury. The list of the top ten to 15 brokers doing business with …
The Insurance Institute for Highway Safety gave Illinois a “fair” rating for the way it issues licenses to new drivers in an updated chart as of May 2006. The Institute assigns licensing systems points for the key components of graduated …
Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm, PricewaterhouseCoopers. Judge Paul Barbadoro made the ruling on …
A judge has ruled that World Trade Center leaseholder Larry Silverstein cannot force insurance companies to pay his legal fees related to litigation stemming from the Sept. 11 terrorist attacks. U.S. District Judge Alvin K. Hellerstein said Thursday that it …
Auto insurance companies that use a person’s education and occupation to set rates are discriminatory and circumvent laws against using race and income to calculate prices, a state senator said this week. After listening to testimony from insurance companies and …
Purdue Pharma has settled a civil lawsuit with its insurer over costs stemming from hundreds of lawsuits involving the painkiller OxyContin, company officials said. Steadfast Insurance Co., a unit of Zurich Insurance Co. of Switzerland, had sued Stamford-based drug maker …