Massachusetts’ highest court has upheld a $2 million verdict against the Boston Herald won by a Superior Court judge who said the newspaper libelously depicted him as soft on crime and insensitive to the suffering of a 14-year-old rape victim. …
The Travelers Companies, Inc. has set up a multi-year catastrophe bond program to provide reinsurance protection for its insurance subsidiaries for losses resulting from hurricanes and certain other catastrophes in the U.S. Travelers may obtain reinsurance under the program by …
State inspectors in Massachusetts will target small companies handling dangerous materials in residential areas to try to prevent a repeat of a Danvers explosion that was blamed on a build up of chemical vapor. The state fire marshal’s finding released …
In its first quarter as a public company (See IJ web site March 26) CastlePoint Holdings, reported net income for the first quarter of 2007 of approximately $7.1 million, or diluted earnings per share of $0.23 for the first quarter …
Bermuda’s embattled PXRE Group Ltd. announced a net loss – before convertible preferred share dividends – of $7.2 million for the first quarter of 2007 compared to net income – before convertible preferred share dividends – of $41.6 million for …
The Bermuda-based Max Capital Group Ltd. reported net income for the three months ended March 31, 2007, of $80.0 million, or $1.24 per diluted share, compared to net income of $75.3 million, or $1.19 per diluted share, for the three …
Denver-based Pinnacol Assurance, Colorado’s largest workers’ compensation insurer, announced the following promotions/new hires: Mark Andreatta has been promoted to associate vice resident. He previously was a team business director, and joined Pinnacol in 1988. Bonnie Cahoon has been promoted from …
The California Supreme Court has ruled that workers’ compensation reforms adopted in 2004 do not supersede employer apportionment of compensation for permanent disability injuries. In reviewing cases from five workers’ compensation preceedings with two unifying aspects —the injured worker’s current …
State officials are not sure whether arrests for drunken driving are public records before charges are filed in court, Public Safety Secretary Tom Dravland told South Dakota lawmakers this week. But the names of people arrested for drunken driving and …
A former insurance agent awarded more than $27 million, one of the largest jury verdicts ever in South Dakota, is entitled to nothing, a federal appeals court ruled in reversing it. The three-judge decision from the 8th U.S. Circuit Court …