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Thursday, October 07, 2010   

Judge Rejects TIG Insurance Co.'s Legal Bid to Recover 9/11-Related Claims

A federal judge has rejected TIG Insurance Co.'s recent legal bid to recover $23.1 million in Sept. 11-related claims and costs by joining ongoing litigation that spans nine years.

U.S. D...


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McDonald's, Other Firms Get Healthcare Waiver

Thirty companies and organizations, including McDonald's and Jack in the Box, won't be required to raise the minimum annual benefit included in low-cost health plans, which are often used to cover ...

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Zurich Settles Farmers Exchange Class Action Suit

Zurich Financial Services Ltd. and its Farmers Group Inc. subsidiary are paying around $545 million (includes legal fees) to settle a class-action lawsuit challenging management service fees paid t...

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MarketScout: P/C Rates Down 4% for September, Tough Market Creates New Pressures

MarketScout has promulgated the composite rate for U.S. property and casualty insurance at minus four percent for September 2010. By industry, service contractors are enjoying the largest rate decr...

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Willis Launches Captive Insurance Facility in Malta

Global insurance broker Willis Group Holdings announced on Wednesday it has set up a Willis-owned and managed captive insurance facility in Malta that allows clients to realize the benefits of capt...

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FEATURE: THOMCO: Poised to Continuously Expand and Develop Programs for Growth Industries -- From Para-Transit to Medi Spa and More

Founded in 1979 by Roy Thompson and Greg Thompson, THOMCO is a program administrator that today offers more than 20 national target programs and writes about $165 million in premiums. Headquartered...

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Provisions of Wall Street Reform May Affect Non-Admitted Premium Tax Obligations

Certain provisions of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act may affect state premium tax obligations resulting from premium payments made to a captive insur...

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Chartis Enhances General Liability Policies with Security Guard Firms Coverage Enhancement

Chartis introduced on Wednesday a Security Guard Firms Coverage Enhancement, developed by its Commercial Casualty division, to address the specific liability exposures of security firms. The endors...

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Aon: Environmental Liability Directive to Bear its Teeth in Hungarian Disaster

The unfolding disaster in Hungary, in which toxic sludge escaped from a failed reservoir belonging to an industrial company, should serve as a warning to companies with industrial operations in Eur...

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