A.M. Best Co. announced that it has affirmed the financial strength ratings of AXA’s main Canadian P/C subsidiaries. AXA Canada, a holding company, “whose property/casualty insurance operations throughout Canada rank seventh overall in terms of direct premiums written,” is the …
Vicarious liability – the legal concept that holds a leasing company liable for a driver’s negligence – is costing consumers more than $130 million each year and eroding choice from the market place, according to information released in Manhattan by …
The Association of California Insurance Companies (ACIC) is opposing legislation that would require homeowner policies to insure – and accept the liability – of all dogs and every breed, regardless of their vicious propensities. “Each year an alarming number of …
Canada-based Dorel Industries Inc. announced that due to a dispute with one of its insurance carriers over the aggregate amount of insurance available to the company, including one claim that came due this month, Dorel is recording a charge for …
The National Association of Mutual Insurance Companies has released a comment on the Senate’s failure to invoke cloture on the pending asbestos litigation reform bill, S. 2290, which would have allowed floor consideration of legislation to reform the asbestos litigation …
Speaking to business leaders in San Francisco at the World Affairs Council, Lloyd’s Chairman Peter Levene warned that new global risks increasingly threaten corporations, and need to be addressed at the boardroom level. Calling the situation a “New Era of …
Willis Group has also issued a report on market conditions in the industry (see related articles). The international broker said it had reached the following conclusions: — Competitive conditions return to certain segments of the marketplace. — Capacity has grown, …
Claims services firm GAB Robins (www.gabrobinsna.com) has been selected as the provider of liability claims management services for Wakefern Food Corporation, a retailer-owned cooperative, whose members own and operate 192 ShopRite stores in five states. ShopRite serves more than 4 …
A new poll released this week by the Health Coalition on Liability and Access (HCLA) reveals that Americans believe a growing crisis in health care liability is pushing health care costs up and forcing good doctors out of medical practice. …
Insurers must become more disciplined, underwrite more strictly, better educate their insureds and get pricing right if they expect the Directors and Officers liability market to improve, the 2004 PLUS (www.plusweb.org) D&O Liability & Insurance Issues Symposium was told recently. …