With two cornerstones of their market's operational framework under attack--niche underwriting and wholesale distribution--E&S lines brokers and insurers are finding it tougher just to stay even, let alone gain any ground.
A federal court ruling holding the Army Corps of Engineers, and the U.S. government by extension, liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the P&C industry.
A federal court ruling holding the Army Corps of Engineers, and the U.S. government by extension, liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the P&C industry, an I.I.I. representative said.
U.S. District Court Judge Stanwood R. Duval Jr. in New Orleans has given approval to settlement of class-action lawsuits against several Louisiana levee boards for damage from Hurricanes Katrina and Rita.
After Maurice "Hank" Greenberg got his win in court over American International Group, I gave some thought to the whirlwind of events and the surprising speed with which the jury came back with its verdict.
NU Associate Editor Mark E. Ruquet had a front-row seat for most of the trial pitting AIG versus its former CEO, Maurice "Hank" Greenberg, in ...
Maurice R. Greenberg spent last week on the witness stand sparring with the attorney for American International Group over competing claims to AIG stock held by Starr International Company.
Maurice R. Greenberg, the former American International Group chief executive, refused in his testimony yesterday to acknowledge a trust he was involved with had a legal obligation to AIG employees.