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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Litigation reform is expected to be a priority in the special session, while Florida Hurricane Catastrophe Fund expansion is also on the cards.
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Other defendants in the complaint include Endurance, Great American Insurance, Ironshore, Ace American Insurance and TIG Insurance.
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Earlier this year, a judge approved an $83mn settlement to compensate those who suffered economic losses because of the collapse.
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The Indian carrier had accused the Dallas-based agency of “rampant interference” in its relationship with cedents.
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The state’s chief federal judge has issued a standing order that echoes similar moves in New Jersey and California.
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The insurer accused its former global casualty CUO Foley and SVP London of misappropriation of valuable confidential information.
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“We like where we are positioned right now in terms of the performance of some of that strategic hiring,” Glaser told analysts.
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On a LinkedIn post, the executive said former CEO Snyder resigned in protest and that the firm’s board hasn’t listened to him.
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US authorities claimed the executive spread false information that Berkshire had invested in IRB, boosting the Brazilian firm’s stock price.
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The brokers asked the judge to delay some pre-trial conferences by two weeks as they could obstruct the settlement negotiations.
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The brokers asked a judge to adjourn the conference set for Thursday after reaching an agreement to settle the case.
