News
Out of Trust C.M. Meiers Brokerage in Southern California Fetches $1.375 Mill…
Woodland Hills, Calif.-based C.M. Meiers Co. Inc. was auctioned on Friday at a U.S. bankruptcy court near Los Angeles, with three competing bidders pushing the sales price to $1.375 million for the troubled brokerage?s assets and assumption of its liabilities, …
Virginia Court Grants Rehearing of Global Warming Claims Case
The Virginia Supreme Court has recently granted rehearing of a closely followed legal case involving global warming, The AES Corp. vs. Steadfast Insurance Company. The court says its previous decision on the case has been “set aside.” On Jan. 17, …
Judge Certifies Investor Class Action Against Goldman Sachs
Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold …
Aon Expands U.S. Tenant Rent Default Offerings
Aon has expanded availability to new states for its Aon Rent Protect product that reimburses landlords for lost income when tenants default on rent payments. The product was initially launched in California, Colorado, D.C., Ohio and Pennsylvania, and it is …
Earnings Reports: Validus Holdings
Q4 2011 Q4 2010 Gross premiums written -$278.28 mn $258.7 mn Full year - 2011 2010 $2.1247 bn $1.99 bn Net premiums earned — $488.35 mn $432.8 mn Full year ? 2011 2010 $1.802 bn $1.761 bn …
XL Enhances Real Estate Portfolio Protection
XL Group?s insurance segment has launched enhanced pollution protection for real estate portfolios. The product will be available through the segment?s environmental team. The new product is aimed toward portfolio property owners and managers, developer and redevelopers, and real estate …
Ohio Announces $11.6M in Insurance Savings, Recoveries in 2011
Insurance regulators saved or recovered $11.6 million for Ohioans in 2011, the Ohio Department of Insurance announced. The department said it received 5,336 consumer complaints, the majority of which dealt with the denial of insurance claims. Of the recoveries realized …
TDECU Insurance Acquires 2 More Texas Independent Agencies
TDECU Insurance Agency LLC announced it has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in Angleton, Texas. These agency acquisitions are on the heels of TDECU …
Utah Offers New Earthquake Hazard Maps for Salt Lake County
Utah is selling new maps that show the shaking intensity of earthquakes for the west half of Salt Lake County. The set of 10 maps also spotlights the risks of landslides, rock falls, floods, radon gas and other hazards in …
Federal Disaster Loans For More Reno Fire Victims
The U.S. Small Business Administration is setting up shop in Reno again to help facilitate federal disaster loans for residents and businesses after Washoe County suffered its second big wildfire in two months. The low-interest loans became available Friday to …
Insurer: Penn State Policy Limits Lawsuit Coverage
Penn State’s insurer wants a judge to determine if it has to provide coverage or pay for defense costs in a lawsuit over alleged child sex abuse by former football coach Jerry Sandusky, a newspaper reported Wednesday. The complaint filed …
Family of Slain Border From Arizona Agent Files $25M Claim
The family of a slain U.S. Border Patrol agent filed a $25 million wrongful death claim against the federal government on Wednesday. The 65-page document that’s a precursor to a lawsuit was filed in Phoenix and claims Brian Terry was …
