Hartford Financial Services Group Inc.’s earnings fell in the second quarter, hurt by claims from tornado damage. Operating earnings fell 9 percent to $696 million. Net income for the second quarter was down 13 percent to $543 million, from $627 …
Despite its problems with Security Capital and the charges it expects to incur (See related article), Bermuda’s XL Capital managed to post net income available to ordinary shareholders of $237.9 million for the second quarter of 2008, compared to $544.5 …
In an article on its web site (www.lloyds.com), Lloyd’s looks at the increasing concerns over coverage for vacant properties. “As the economy worsens it’s expected that more and more businesses will fail, leaving commercial property owners possibly struggling to fill …
The Kentucky Department of Insurance said a Louisville business owner is charged with eight felony counts of insurance fraud and eight felony counts of criminal possession of a forged instrument after allegedly presenting fraudulent liability insurance certificates for his business, …
Based on the PLRB seminar presentation on Reservation of Rights Letters by Veronica M. Bates, Hermes Sargent Bates, LLP and Renee C. Callantine, Chapman Popik & White LLP. Different rules of law may apply in different jurisdictions. This outline only …
Federal prosecutors said six men went off-roading in the Black Hills National Forest last month, causing more than $1,000 in damage. A federal grand jury indicted the men for harming government property and prohibited use of vehicles off-road. They are …
A federal judge awarded more than $42,000 in attorneys fees to the American Civil Liberties Union for a case challenging the legality of a religious icon hanging in a Louisiana courthouse. U.S. District Judge Ivan Lemelle ruled earlier this year …
In a precedent-setting case, the Nevada Supreme Court held last Thursday that worker comp benefits can go to families of people who kill themselves if an industrial accident broke down their “rational mental process” and left them suicidal. The high …
Insurance brokerages who lost billions of dollars in revenue under a ban imposed by former New York Attorney General Eliot Spitzer told state regulators on Friday that the rules were never applied universally, and should either be lifted or imposed …
Fitch Ratings has revised its rating outlook on Imagine Insurance Company Limited and Imagine International Reinsurance Limited (collectively, Imagine) to Negative from Stable. Fitch currently rates both with an insurer financial strength (IFS) rating of ‘A-‘. Fitch explained that it …