A bruising battle between insurance companies and trial lawyers in Minnesota over a one-page bill that would expand the rights of people to sue insurers continues to provoke heated debates. The legislation would make insurance companies liable for damages if …
Relatives of a 67-year-old man from upstate New York have filed a lawsuit against a mining company after he became the third family member to die from a rare cancer he allegedly contracted from exposure to asbestos-tainted talc. The death …
The Florida Senate has voted against requiring people with houses worth $300,000 or more in much of the state to buy hurricane shutters the next time they make any major home improvement. Critics said too many people simply can’t afford …
Flashlights, gasoline cans, weather radios and plastic tarps are among the storm preparedness items that will be available tax-free as hurricane season begins. Florida Gov. Charlie Crist has signed a bill into law making certain hurricane and severe weather preparedness …
Oklahoma Gov. Brad Henry’s veto of a bill putting restrictions on civil lawsuits may have killed the issue for the 2007 Oklahoma Legislature, Republican legislative leaders said. Asked if efforts to revise the civil justice system are dead for the …
A former Lawrence resident who allegedly played a key role in auto insurance scams pleaded not guilty this week to charges of insurance fraud and filing a false Registry of Motor Vehicle document, prosecutors said. Luis Perez was extradited from …
Agostino Galvagni, a member of the Executive Board of Swiss Re and head of the company’s Globals and Large Risks division, told a panel at the RIMS convention in New Orleans that there’s a growing disconnect between risk and mitigation. …
The European Union called on developing countries Tuesday to take action to reduce greenhouse gases, as delegates worked to finalize a report detailing measures needed to save the planet. The draft report from the Intergovernmental Panel on Climate Change being …
Fitch Ratings has assigned an “A-” rating to Everest Reinsurance Holdings, Inc.’s issuance of $400 million long-term junior subordinated debentures due 2037. The debentures will pay a fixed interest rate until 2017 and pay a floating rate based on three …
RenaissanceRe reported net income of $190.8 million for the first quarter of 2007 or $2.63 per common share, up from the $178.98 million in the first quarter of 2006. First quarter operating income – which excludes capital gains/losses – was …