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Asbestos reform struggles for centre stage
Senator Orrin Hatch has not given up on his asbestos reform proposals and believes the measure may still make it to the Senate floor this year, despite being overshadowed by Iraqi funding, energy policy and Medicare concerns.
15 September 2003
Poor weather conditions blamed for Afghan Boeing 737 crash
Heavy snowfall and poor visibility is suspected to be the chief cause of the Kam Air Boeing 737 crash last week in Afghanistan.
07 February 2005
Spitzer voted NY Governor in landslide
Eliot Spitzer, whose investigations into the insurance industry continue to reverberate and precipitated Hank Greenberg’s departure from American International Group, has been voted Governor of New York state by a landslide.
13 November 2006
CEO search begins as Storms leaves Marsh
At the end of an extraordinary week for broker Marsh Inc, Brian Storms stepped down as CEO of the company.
17 September 2007
Benfield sells Lancashire stake
Benfield Group has gained $19.5mn from the sale of its “Class of 2005” reinsurer Lancashire Holdings last week.
04 December 2006
ACE’s asbestos reserves ‘adequate’
Bermudian (re)insurer ACE Ltd has said that a recent review has confirmed the adequacy of its asbestos reserves.
18 December 2006
Everest Re's combined ratio leaps after reserves boost
Bermudian reinsurer Everest Re reported a 21-point deterioration in its combined ratio for the fourth quarter after its larger-than-expected asbestos charge to reserves.
04 February 2008
Tort reform update: MedMal progress at last, class action reform closer?
Tort reformists in the US have received a boost with the news that the Senate judiciary committee approved a series of changes to state laws governing civil lawsuits in medical malpractice cases last Thursday (27 January).
31 January 2005
Kiln plans to expand capacity to £1bn
Lloyd's insurer Kiln plc is planning to expand its 2007 capacity to over £1bn - making it one of the largest Lloyd's insurers by stamp.
26 June 2006
Alea sells US arm to Hannover Re subsidiary
The run-off (re)insurance group Alea Group Holdings Ltd has sold its US insurance arm to a unit of Praetorian Financial Group Inc, the US specialty arm of Hannover Re.
30 May 2006
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