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Commercial real estate investor Capital Crossing said Mapfre paid only $2.6mn after it reported damage to 228 insured locations. -
The company is fighting a lawsuit filed by KBW over the delisting of $1.2bn in preferred securities from the NYSE in connection with a buyout.
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The syndicates faced allegations that they conspired with brokers to rig the US commercial insurance market.
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Jim Beck is accused of reaping $2mn in illegal proceeds through a fraud involving the Georgia Underwriting Association.
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The ratings agency has urged ILS fund managers and reinsurers to improve their levels of pricing differentiation.
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Marsh & McLennan Companies is suing 13 of its former staff for breaching the terms of their contract and other issues.
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An arbitrator ruled the buyout firm is owed $1.2mn for ex-employees’ use of confidential information.
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Insurers aren’t likely to see much recovery from the utility for billions of dollars in wildfire damages, according to experts.
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The owner of the St. Thomas resort is in a dispute with insurers over a $303 million claim for hurricane damage.
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Regulatory probes into the Virginia insurer’s reinsurance and ILS subsidiary have drawn a legal action by investors.
