A federal grand jury in New Orleans brought a 15-count indictment against a Louisiana woman who sold construction bonds in several states, including Tennessee, after she was barred from the insurance business. Federal convictions in 1989 and 1991 barred Gwendolyn …
EQECAT, Inc., announced that UK-based Benfield has entered into a multiyear renewal agreement to license all of EQECAT’s currently available “WORLDCATenterpriseTM” earthquake and wind models, covering 89 countries. EQECAT said Benfield intends to use the models to assist clients in …
American Safety Insurance Holdings, Ltd. (ASI) announced from its Bermuda office that it has appointed Guy Cloutier to the position of Senior Vice President of Alternative Risk Solutions and Chief Actuary of American Safety Reinsurance, Ltd. in a move to …
The United Nations Environment Program (UNEP) has released its latest detailed report, “Global Environment Outlook: environment for development (GEO-4),” which examines the state of the planet from a number of different aspects. The scientists who put the report together are …
A jury in Auburn, Maine last week awarded nearly $8 million to a brain-damaged 5-year-old boy and his mother in their medical malpractice lawsuit against a Lewiston hospital and one of its midwives. The verdict in favor of Sasha Emond …
Lawyers for the Roman Catholic Diocese of Springfield, Mass., clergy abuse victims and the insurance carriers confirm that the sides have agreed to enter nonbinding settlement talks in a two-year old lawsuit. More than three dozen people have sued the …
Columbus, OH – October 29, 2007. InsuranceLeadz.com, is launching, “Leadz University™” an interactive leads educational center for Insurance Agents. Here, insurance agents can discuss their marketing strategy and increase their online marketing success. Insurance agents will be invited to write …
Seattle-based Safeco announced it is donating a package of up to $250,000 to support relief efforts for victims of the Southern California wildfires. A $50,000 grant will be donated immediately to the San Diego/Imperial County Red Cross. In addition, the …
Standard & Poor’s Ratings Services has placed its ‘AA’ counterparty credit and financial strength ratings on Triad Guaranty Insurance Corp. and its ‘A’ counterparty credit rating on Triad Guaranty Inc. on CreditWatch with negative implications. “The CreditWatch follows today’s announcement …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysia’s Labuan Reinsurance Ltd. with a stable outlook. “The ratings reflect Labuan Re’s stable underwriting performance, conservative investment portfolio and …