The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwi...
AIG defeats $50mn bad faith lawsuit in New Mexico
A New Mexico county court jury has ruled in favour of AIG in a bad faith lawsuit claiming the insurer should pay nearly $50mn related to a wrongful...
A New Mexico county court jury has ruled in favour of AIG in a bad faith lawsuit claiming the insurer should pay nearly $50mn related to a wrongful...
Article / 10 days ago
Tryg ordered to compensate policyholders in lawsuit over “unlawful” premium hikes
Tryg Forsikring has lost a long-running lawsuit brought by Denmark's financial services watchdog which said the insurer acted “unlawfully” when it...
Tryg Forsikring has lost a long-running lawsuit brought by Denmark's financial services watchdog which said the insurer acted “unlawfully” when it...
Article / 11 days ago
Insurers fight aviation lessor's $20mn Russia claim
London aviation (re)insurers have hit back at a $20mn High Court claim brought by Dublin-based Genesis Aero, arguing that the rising number of...
London aviation (re)insurers have hit back at a $20mn High Court claim brought by Dublin-based Genesis Aero, arguing that the rising number of...
Article / 11 days ago
Acrisure granted modified TRO in lawsuit against six Woodruff hires
Acrisure has sued six executives that last month resigned to launch Woodruff Sawyer's New York office, in a complaint stating that more than 20...
Acrisure has sued six executives that last month resigned to launch Woodruff Sawyer's New York office, in a complaint stating that more than 20...
Article / 17 days ago
AM Best downgrades State Farm General to B on policyholder surplus deterioration
AM Best has downgraded the financial strength rating to B (Fair) from A (Excellent) of State Farm General Insurance Company, the unit of the personal lines giant...
AM Best has downgraded the financial strength rating to B (Fair) from A (Excellent) of State Farm General Insurance Company, the unit of the personal lines giant...
Article / 22 days ago
MS Amlin “re-engaging with reinsurers” over Covid settlements
MS Amlin has revealed it is now “re-engaging” with the reinsurers of Syndicate 2001 over Covid-19 BI recoveries following the settlement of the long-running...
MS Amlin has revealed it is now “re-engaging” with the reinsurers of Syndicate 2001 over Covid-19 BI recoveries following the settlement of the long-running...
Article / 23 days ago
Insurers settle Tottenham Hotspur BI dispute ahead of London trial
A coalition of UK insurers has settled a long-running legal dispute with Premier League football club Tottenham Hotspur over the payment of claims...
A coalition of UK insurers has settled a long-running legal dispute with Premier League football club Tottenham Hotspur over the payment of claims...
Article / 23 days ago
Former Root CMO Silver sentenced to 4+ years in prison for embezzling $10.2mn
Root's former chief marketing officer BC Silver has been sentenced to more than four years in prison for embezzling $10.2mn from the insurtech....
Root's former chief marketing officer BC Silver has been sentenced to more than four years in prison for embezzling $10.2mn from the insurtech....
Article / 24 days ago
Aviation lessors pursue fresh claims against (re)insurers
Aviation lessors, including Castlelake and Air Lease Corporation, have issued a fresh batch of claims against international (re)insurers likely related to assets seized by...
Aviation lessors, including Castlelake and Air Lease Corporation, have issued a fresh batch of claims against international (re)insurers likely related to assets seized by...
Article / 1 month ago
Lessor CALC reaches $23.6mn settlement with Russia's Aeroflot
Aviation lessor China Aircraft Leasing Group Holdings has received an insurance settlement worth $23.6mn from a Russian insurer regarding an aircraft leased to flag carrier Aeroflot at the time...
Aviation lessor China Aircraft Leasing Group Holdings has received an insurance settlement worth $23.6mn from a Russian insurer regarding an aircraft leased to flag carrier Aeroflot at the time...
Article / 1 month ago