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A 3-member panel assigned by the American Arbitration Association, New York, has ruled unanimously that Massachusetts Mutual Insurance Company, Springfield, Mass., failed to follow the process
Representatives from both insurance brokerages in New York said they would not comment on the Sunday Times of London story that representatives from Willis were prepared to make a cash-and-shares
A federal appeals court has upheld separate jury verdicts that took different views of whether the Sept. 11, 2001 terrorist destruction of the World Trade Center involved single or multiple insurance
The state of Maryland fined Allstate $100,000 yesterday and ordered it to refund more than $17.5 million in premiums to personal auto lines customers after finding Allstate did not comply with state l
Berkshire Hathaway, with its $7 billion deal to take over Lloyd's Equitas operation, is gambling that the move will be profitable because it has extensive background in handling asbestos claims, accor
Equitas, Lloyd's runoff operation for long-term exposures, and Berkshire Hathaway Inc. announced today that Equitas was buying $7 billion in reinsurance from a Berkshire subsidiary, which will run its
The Washington, D.C.-based Council of Insurance Agents & Brokers released its third-quarter market survey of its member brokers yesterday. The survey indicates that generally the market continues its
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