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25 May 2017

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California agrees $12mn settlement with WR Berkley

24 May 2017

The California Department of Insurance (CDI) has received a $12mn settlement from WR Berkley Corporation after one of its subsidiaries was found to be operating as a surplus lines carrier in the state without the required licencesRead more


Morocco oil loss lands Lloyd’s carriers in court

23 May 2017

A number of Lloyd's carriers are embroiled in legal action in New York over the alleged theft of $400mn of oil by Moroccan refinery Société Anonyme Marocaine de l'Industrie du Raffinage (Samir), court documents showRead more


Great American contests $50mn Tom Cruise movie claim

23 May 2017

Great American is looking to escape footing the bill for a Colombian plane crash that killed two people and seriously injured another during the filming of the soon-to-be-released Tom Cruise movie American MadeRead more


JLT bankruptcy group adds legal talent

22 May 2017

JLT's special situations group, which advises on the insurance implications of insolvency, has hired bankruptcy lawyer Denise Kaloudis as a senior vice presidentRead more


Lloyd’s carriers sued over $400mn Samir loss

22 May 2017

A number of Lloyd's carriers are embroiled in legal action in New York over the alleged theft of $400mn of oil by Moroccan refinery Société Anonyme Marocaine de l'Industrie du Raffinage (Samir), court documents showRead more


Maiden CEO Raschbaum testifies in whistleblower trial

19 May 2017

Maiden Holdings CEO Art Raschbaum has vehemently defended the Bermudian reinsurer against fraud allegations made by the firm's former chief operating officer and general counselRead more


EC threatens states with court action over Solvency II

19 May 2017

The European Commission (EC) has called on five EU member states to fully transpose Solvency II rules into national legislation or face a referral to the EU Court of JusticeRead more


Texas lawmakers pass limits on weather claims lawsuits

17 May 2017

Insurers stand to gain some relief from abusive lawsuits in Texas, after lawmakers passed and sent a reform bill to Governor Greg Abbott todayRead more


Lloyd’s carriers agree $89mn Sewol settlement: report

17 May 2017

Lloyd's carriers have settled a dispute with Korean Re over 100bn won ($89mn) of stalled compensation payments related to the Sewol ferry sinking in 2014, according to a reportRead more


Greenberg’s Starr sees $40bn AIG bailout appeal fail

9 May 2017

A $40bn lawsuit over the 2008 federal bailout of AIG failed to survive a government appeal as a three-judge appellate panel ruled against former AIG CEO Maurince “Hank” Greenberg’s Starr International today, saying it lacked standing to make the claimRead more


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