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Daily NewsFlash : June 25, 2013

Daily NewsFlash
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Tuesday, June 25, 2013

Supreme Court Makes It Harder for Employees to Sue Businesses for Discrimination, Retaliation

Supreme Court and workplace casesA sharply-divided Supreme Court on Monday made it more difficult for Americans to sue businesses for discrimination and retaliation, leading a judge to call for Congress to overturn the court's actions.

The court's conservatives, in two 5-4 decisions, ruled that a person must ...

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P/C Insurers Overall Results Improve in First-Quarter 2013

PCIPrivate U.S. property/casualty insurers' net income after taxes rose to $14.4 billion in first-quarter 2013 from $10.2 billion in first-quarter 2012, with insurers' overall profitability as measured by their annualized rate of return on average policyholders' surplus climbing to 9.6 percent from 7.2 percent. Insurers' 9.6 per...

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Supreme Court Deals Blow to Voting Rights Act

Supreme Court and Voting ActThe Supreme Court ruled that a key part of the 1965 Voting Rights Act is no longer constitutional, nullifying for now a pillar of civil-rights-era legislation.

The court struck down Section 4 of the law, which contains a decades-old formula that Congress used to identify areas of the...

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Fitch: U.S. Workers' Comp Underwriting to Improve through 2013

Fitch Workers Comp resultsWorkers' compensation has been the worst-performing major commercial lines segment for some time, the rating agency says, but is set to improve over the remainder of the year.

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Supreme Court Further Limits Product-Liability Suits on Generic Drugs

Product liabilityAn ideologically divided U.S. Supreme Court on Monday further limited the rights of consumers to bring product-liability lawsuits against generic-drug makers.

The court, in a 5-4 ruling, overturned a $21 million judgment won by a New Hampshire woman who suffered severe injuries allegedly caused by a generic anti-inflammatory drug, sulindac, manufactu...

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Guy Carpenter Launches New Mutual Company Specialty Practice

Guy CarpenterGuy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and member of Marsh & McLennan Companies, today announced the launch of its new Mutual Company Specialty Practice which will focus exclusively on the unique needs of mutual insurance companies. The practice will consist of ...

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Hiscox Launches Collateralized Reinsurance Vehicle

HiscoxHiscox has launched a new special purpose vehicle, which began writing collateralized reinsurance in June, the company said.

Kiskadee Re is based in Bermuda and received its license in April, according to the Bermuda Monetary Authority.

"It successfully completed its first deals during the recent June...

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Safeco Insurance Begins Selling Auto, Home and Specialty Insurance Products In Massachusetts

SafecoSafeco Insurance, a Liberty Mutual Insurance company, began selling its personal lines insurance products in Massachusetts this month. Safeco provides a broad suite of auto, home, motorcycle, watercraft, RV and other specialty insurance products through 400 independent agencies across the Commonwealth.

"Since j...

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