Professional Liability News from InsuranceJournal.com
Wed, 22 Feb 2012 09:00:52 +0000
The Obama administration on Tuesday dropped a major bribery prosecution that had been part of a campaign to crack down on corruption after the government suffered several setbacks in court in a case involving military equipment sales. Federal prosecutors moved …
Wed, 22 Feb 2012 09:00:34 +0000
U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect on business. The Chamber of Commerce and dozens of other trade groups wrote a …
Wed, 22 Feb 2012 09:00:07 +0000
The keynote speaker told the professional liability insurance underwriters that regulation is not the enemy of business growth, the plaintiffs’ bar is their ally, deleveraging of financial institutions is a good thing, financial firms have not learned the lessons of …
Wed, 22 Feb 2012 03:16:55 +0000
Don’t be surprised if in the not-too-distant future on a television commercial you see Flo, adorned in her white apron, drop her price scanner and pick up a smartphone, on which she takes a picture of a driver’s license and …
Wed, 22 Feb 2012 01:13:29 +0000
Global insurance broker Arthur J. Gallagher & Co. has acquired First Premium Insurance Group, Inc. in Covington, Louisiana. Terms of the transaction were not disclosed. Established in 1973, First Premium is a managing general agent and wholesale insurance broker throughout …
Wed, 22 Feb 2012 00:25:10 +0000
The U.S. Justice Department has closed its investigation into whether Allianz SE violated a foreign bribery law through its insurance business in Indonesia and does not plan to bring charges, according to a letter reviewed on Tuesday by Reuters. “Based …
Tue, 21 Feb 2012 22:43:39 +0000
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-’ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of Plateau Insurance Company (PIC). Best also affirmed the FSR of ‘A-’ (Excellent) and ICR …
Tue, 21 Feb 2012 22:28:44 +0000
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the insurance operating subsidiaries of Bermuda-based American Safety Insurance Holdings, Ltd. (ASI), which includes: American Safety Casualty Insurance Company, based in …
Tue, 21 Feb 2012 22:17:52 +0000
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Starr International Insurance (Singapore) Pte. Ltd. (SIIS), a wholly owned subsidiary of Bermuda-based Starr Insurance & Reinsurance Limited (SIRL) and …
Tue, 21 Feb 2012 21:31:38 +0000
Allied World U.S. has expanded its professional lines operations through the launch of a new mergers and acquisitions division that will be headed up by Jeff Anderson, vice president, in the company’s New York office. The new division will initially …
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