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WASHINGTON--A federal judge in the Virgin Islands ruled Friday that the territory's countersignature law is unconstitutional, but agents and brokers were advised to continue following the law until app
The sentencing of an Allstate insurance adjuster and his co-conspirator in Texas accused of diverting $1.3 million in claims payments into their own pockets was delayed until August at the request of
WASHINGTON-Thursday's U.S. Supreme Court ruling establishing a clear standard for what constitutes employer retaliation is unlikely to cause any seismic changes for the insurance industry, according t
London-based insurance broker Willis Group Holdings in its report looking at the secondary insurance industry five years after Sept. 11, 2001, said the days of reinsurers consisting of a single corpor
Allied World Assurance Company, Ltd., has suspended its chief underwriting officer as a result of an investigation launched by the Attorney General of Texas stemming from the company's relationships w
"The issuance of hybrid securities is a very cost-competitive source of long-term capital for Validus," Ed Noonan, chairman and chief executive of the Bermuda-based carrier, said in a statement. The c
Lexington Insurance Company, a subsidiary of New York-based American International Group Inc., said it has increased its capacity for commercial domestic property insurance to $250 million from $100 m
In disclosing the plans of Reps. Ed Royce, R-Calif., and Paul Kanjorski, D-Pa., to introduce legislation, Sen. John Sununu, R-N.H., said the lawmakers should work to maintain the broad focus of the Se
The broker said it has completed its own technology testing that will allow insurance and reinsurance quotations to be requested and distributed electronically. The information will be extracted from
Insurers are continuing to press for different treatment of hybrid securities by the National Association of Insurance Commissioners, claiming that failure to do so could be costly to companies and un
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