France’s SCOR Group may be complaining about the recently negotiated WTC settlement (See related article in National), but it certainly isn’t complaining about the French reinsurer’s first quarter operating results. SCOR posted a 43 percent increase in net profits to …
Japan plans to propose cutting world greenhouse gas emissions in half by 2050 in a bid to limit the effects of global warming, news reports said Thursday [May 24]. Prime Minister Shinzo Abe was to announce the plan later in …
Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies has published a report on the “Recent Legislative and Judicial Trends in Continental Europe Affecting the Casualty Insurance Industry.” The report was authored …
Standard & Poor’s Ratings Services has assigned its “BBB+” long-term counterparty credit and insurer financial strength ratings to Salama/Islamic Arab Insurance Co. (P.S.C.) (Salama/IAIC), located in Dubai, United Arab Emirates. S&P also raised the long-term counterparty credit and insurer financial …
Standard & Poor’s Ratings Services has published an article titled, “New Risk-Based Insurance Capital Model,” which details revisions it has made in its risk-based capital adequacy model. S&P described the model as “an integral and quantitative tool in analyzing the …
United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional federal charter (OFC) for insurers. Under the legislation (SB 40), insurers …
A Superior Court jury awarded $5.7 million in damages to a bedridden man who claimed a doctor failed to diagnose his skin cancer. The verdict is the largest medical-malpractice award in California this year, but will be cut to $1.9 …
Robert De Niro has asked a court to dismiss a lawsuit brought against him by Fireman’s Fund Insurance Co. The 63-year-old Oscar winner filed a motion in U. S. District Court seeking the dismissal of the insurance company’s complaint, calling …
A Maricopa County, Ariz., Superior Court judge has dismissed a product liability lawsuit against Taser International Inc., which makes electronic control devices to stun people. The lawsuit involved John Gerdon who claimed to have a training injury. According to the …
A class action lawsuit claiming that Ford concealed a dangerous design flaw that increases the tendency among these Explorers to roll over, causing consumers to buy or lease Explorers, and to pay more than what they should have is scheduled …