A recent ruling by the New York Court of Appeals opens the door for estates to sue attorneys, which could ultimately result in an increase in professional liability insurance premiums, predicts an executive.

Fairfax Financial Holdings Ltd. said it plans to offer Canadian $275 million (U.S. $268 million at the current exchange rate) senior notes at a fixed annual interest rate of 7.25 percent due by 2020.

Risk retention groups (RRGs) have an extra 15 business days, until July 15, to comply with holding company requirements and register with the state, if necessary, according to the South Carolina Department of Insurance.

Catastrophe losses of $26.6 million during May contributed to a 19 percent drop in net income for Progressive Corp.