New York-based Valiant Insurance Group Inc. has hired Adrian Scott as senior vice president and head of the group’s professional liability practice. Scott is the former managing director of the global professional liability practice at Marsh USA. He holds an …
A Lebanon, Pa., woman whose husband and 10-year-old daughter were killed by a carbon monoxide leak at an Ocean City, Maryland motel room has filed a wrongful death lawsuit against four companies. The lawsuit seeking $30 million dollars in damages …
The U.S. Supreme Court this week rejected Allstate Corp.’s challenge to a Texas law that restricts insurance company ownership of auto collision repair shops. Allstate sought review of its case at the high court, arguing the Texas law violates the …
A report for the Louisiana Insurance Department shows that the state-sponsored “insurer of last resort” had trouble handling claims for hurricanes Katrina and Rita because it was switching to new outside contractors and activating a new computer system when the …
The Internal Revenue Service (IRS) has dropped plans to change the way that captive insurance companies are taxed. U.S. Senator Patrick Leahy, D-Vt., and U.S. Rep. Peter Welch, D-Vt., said that the IRS informed them it has decided to withdraw …
A motions hearing took place this week in the highest profile judicial bribery trial in Mississippi in years. Famed plaintiffs lawyer Richard “Dickie” Scruggs, his son Zach, and an associate are accused of trying to bribe a Lafayette County Circuit …
Willis Re, the reinsurance operations of Willis Group Holdings, has released new research analyzing the risk to the underwriting portfolios of professional liability re/insurance Underwriters stemming from the sub-prime crisis and subsequent global credit crunch. Willis Re’s Professional Liability Practice …
Munich Re announced the establishment of a bond program amounting to $1.5 billion for the transfer of extreme mortality risk to the capital markets. The placement marks the first time that Munich Re has set up a cat bond program …
Germany’s Allianz SE has released its official earnings report for 2007, which shows some declines from the preliminary earnings announcement it released last month (See IJ web site – https://www.insurancejournal.com/news/international/2008/01/25/86706.htm). Net income for the fourth quarter of 2007 fell 51.5 …
Portage Public Schools is reporting that hamburger from the largest beef recall ever in the United States had earlier been served to its students, and some other Michigan districts say they also got meat now involved in the recall. No …