A federal judge ruled that Federal Insurance Co. will have to cover defense costs of Gerald A. Sandusky, the former Penn State assistant coach accused of molesting children, under a professional-liability policy.
Itasca, Ill.-based insurance broker Arthur J. Gallagher says it is expanding its excess and surplus-lines business into Louisiana with the acquisition of First Premium Insurance Group Inc.
Itasca, Ill.-based insurance broker Arthur J. Gallagher says it is expanding its excess and surplus lines business into Louisiana with the acquisition of First Premium Insurance Group, Inc.
Hamilton, Bermuda-based reinsurer Aspen Insurance Holdings Ltd. says it has initiated a search for a new chief financial officer to replace Richard Houghton, who will be leaving the company effective Feb. 29 to pursue other opportunities.
Aspen Insurance Holdings says it posted after-tax net income of $13.5 million for the 2011 fourth quarter on $101.5 million of net losses from natural catastrophes occurring during the fourth quarter and increases to previous 2011 catastrophe estimates.
Aspen Insurance Holdings says it posted after-tax net income of $13.5 million for the 2011 fourth quarter on $101.5 million of net losses from natural catastrophes occurring during the fourth quarter and increases to previous 2011 catastrophe estimates.