Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of its plants, court documents show. The …
Chicago, IL – 6/17/14 – Ryan Specialty Group, LLC (RSG) announces the formation of RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with some of the strongest and most experienced healthcare and life science Underwriters at …
Lloyd’s of London, the world’s oldest insurance market, reported its biggest annual profit in four years as natural catastrophe claims declined. Pretax profit increased to 3.2 billion ($5.3 billion) in 2013 from 2.8 billion pounds the previous year, the London-based …
Customers of a Birmingham, Ala., jeweler are getting about $70,000 in refunds because of the Super Bowl. Jeff Dennis Jewelers in Gardendale ran a promotion offering a cash refund on purchases if either Denver or Seattle scored a safety during …
Lloyd’s launched a new shared service, Volume Claims Service (VCS), part of its overarching Claims Transformation Programme. VCS is a fast and fair claims handling service which offers the market an enhanced cost efficient claims experience for handling non-complex claims. …
The Archdiocese of Milwaukee says it has reached a settlement with one of its major insurers as it works to resolve its bankruptcy case. The Wisconsin archdiocese filed for bankruptcy in 2011, saying it wouldn’t have the money to pay …
San Diego, CA, 11/4/13 – Atlas General Insurance Services, LLC, is pleased to announce that it has formally completed the “tribunalization” process with Lloyd’s of London. This authorizes Atlas as a coverholder, giving direct access to the Lloyd’s market. This …
Even a major disaster would be unlikely to push up reinsurance prices given the amount of capital currently available to back policies, said Richard Ward, chief executive officer of Lloyd’s of London. “What is going to change the rate movement? …
A new report from Lloyd’s of London found that a growing number of Oklahomans are becoming increasing vulnerable to tornadoes, according to the Oklahoma Insurance Department. The report, Tornadoes: A Rising Risk?, indicates that the growing density of mobile home …
Mitsui Sumitomo at Lloyd’s, a leading UK non-life insurer, appointed Simon Catt as head of claims. Catt joins from Travelers Syndicate Management at Lloyd’s where he was also head of claims for over eleven years. Prior to this role, he …