Louisiana’s state-run insurer is nearing a mass settlement with policyholders that would be the first deal of its kind in the state since hurricanes Katrina and Rita spawned thousands of lawsuits, an attorney for the homeowners said Feb. 19. Citizens …
A federal court jury ordered a Brattleboro, Vt. surgeon to pay $1.1 million to a Massachusetts man who lost part of his leg after a burn on his toe became infected. The jury ruled on Monday after a five-day trial …
A powerful earthquake in northeastern Indonesia on Tuesday caused panicked residents to flee shaking buildings on islands in the Maluku Sea and briefly triggered a tsunami warning, officials said. The 6.5-magnitude temblor struck 210 kilometers (130 miles) from Ternate, the …
Several northwestern Indiana teachers have sued Metlife and a consultant to the Indiana State Teachers Association, accusing the defendants of rigging retirement options to favor the financial services company. The lawsuit contends that Metlife paid an ISTA unit to promote …
North Carolin officials arrested Richelle E. Jones, 23, of Hope Mills last week and charged her with one count of obtaining property by false pretense and one charge of attempting to obtain property by false pretense after Department of Insurance …
Mississippi Commissioner of Insurance George Dale said he welcomes any solutions to ensure all Mississippians have available a stable, affordable and viable insurance market. But Dale appeared to distance himself from Mississippi Attorney General Jim Hood who, after State Farm …
A.M. Best has published a comment on the recently published figures from a number of global reinsurers following the January treaty renewals, mainly focusing on Europe. Best said most “global reinsurers are anticipating strong 2006 earnings, thanks to a benign …
Bermuda’s Platinum Underwriters Holdings, Ltd. reported net income of $86.0 million, or $1.28 per diluted common share, for the quarter ended December 31, 2006 and net income of $329.7 million, or $4.96 per diluted common share, for the year ended …
Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on London-based Novae – Syndicate 2007 to ‘2+’ from ‘2’ and assigned a stable outlook. “The upgrade reflects that the potential impact from the run-off of the liability …
The workers’ compensation environment in California has experienced a metamorphosis over the past few years, changing a historically unprofitable line of business into an appealing and profitable line that has seen increased competition, this according to a special report by …