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Daily NewsFlash : November 09, 2011

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Wednesday, November 09, 2011

AIG's Debt Exchange Offer Attracts More than Maximum Amount

American International Group Inc. (AIG)  said its offer to exchange up to $2.5 billion in notes attracted more than the maximum amount, leading the insurer to not accept any tenders after Tues... Read More

Denver Wants Workers Comp State Insurer to Cut Severance

Top executives at Pinnacol Assurance, Denver's state-chartered workers' compensation insurance fund, are being asked to waive agreements that would give them hefty payouts if the quasi-state agency... Read More

Reform Legislation Sees Fewer Companies Named in Patent Suits

In the wake of reform legislation passed in September, fewer companies have been named in patent suits -- a positive sign for technology concerns that have complained about excessive intellectual-p... Read More

Listeria Lawsuits from Cantaloupe Could Target Grocers, Auditor

An outbreak of listeria in cantaloupe blamed for the deaths of 29 people could be costly for grocery stores, a distributor and an auditing lab.

According to the Denver Post, Jensen Farms in... Read More

Torus Announces U.S. Professional and Management Liability Primary Underwriting Capability

Torus, the global specialty insurer, last week unveiled its U.S. Professional and Management Liability primary underwriting capability at the 2011 Professional Lines Underwriters Society (PLUS) Int... Read More

IronHealth Launches Medical Professional Liability Coverage for Facilities Serving Low Incomes

IronHealth — the specialty healthcare unit of Bermuda re/insurer Ironshore Inc. – has launched medical professional liability coverage for medical facilities that treat low- to mod... Read More

Julie Taymor Sues "Spider-Man" Team Over Royalties

The director Julie Taymor, a key creator of the Broadway musical “Spider-Man: Turn Off the Dark,” sued the producers of that $75 million show in federal court on Tuesday, claiming that ... Read More

Brown & Brown, Inc. Subsidiary Completes Asset Acquisition of Industry Consulting Group, Inc.

Brown & Brown, Inc. on Tuesday announced the completion of the previously-announced acquisition, by a new wholly-owned subsidiary of the company, of substantially all... Read More

Captive Insurance Industry Experts Continue to Weigh In on Nonadmitted and Reinsurance Reform Act: No Captive Insurance Impact

The McIntyre White Paper Report on the new federal Nonadmitted and Reinsurance Reform Act (NRRA), part of the recently passed Dodd Frank Act, continues to garner agreement among captive insurance i... Read More

Brown & Brown of Washington, Inc. Acquires Assets of Snapper Shuler Kenner, Inc. and Snapper Shuler Kenner Insurance, L.L.C.

J. Scott Penny, Chief Acquisitions Officer and Regional President for Brown & Brown, Inc., Nicholas J. Dereszynski, Regional Vice President for Brown & Brown, Inc., and Paul D. Kenner, prin... Read More


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