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A three-judge panel in the First District Court of Appeals in Florida denied a request from the state's insurer of last resort to dismiss a lawsuit against it based on the belief the government entity is immune.
The Willis Research Network (WRN), a public/private scientific research collaboration, has added 10 new United States partners to its network of 30 science institutions.
The ACE Group of insurance and reinsurance companies said it has signed a definitive agreement to acquire 100 percent of Jerneh Insurance Berhad, a general insurance company in Malaysia, for approximately $200 million.
The escape of toxic sludge from a reservoir at an aluminum processing plant in Hungary is likely uninsured as the company faces total liability for an event that has wiped out all wildlife in the Marcal River, a broker with Aon said.
Insurers and other non-bank financial companies are being asked for feedback regarding the extent of oversight authority the new Financial Stability Oversight Council (FSOC) should have.
Allstate Corp. has filed a lawsuit against Toyota Motor Corp. seeking compensation for the more than $3 million the insurer paid on accident claims related to the auto manufacturer's allegedly faulty accelerator pedals and other defects.
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