All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 9 2001 // Reno-based First Nevada Insurance Co. sold its first insurance policy in December 1995. The company sold its last policy a little more than five years later.Last month, Nevada 2nd Judicial District Court Judge Janet Berry,...
Apr 6 2001 // The California Department of Insurance has issued a Cease and Desist Order against International Marine Underwriters Ltd.; International Wet Marine Underwriters; Marine Specialty Management; Commercial Water Sports...
Apr 6 2001 // The California Department of Insurance has issued a Cease and Desist Order against International Marine Underwriters Ltd.; International Wet Marine Underwriters; Marine Specialty Management; Commercial Water Sports...
Mar 28 2001 // Lloyd’s announced preliminary estimates Tuesday that it would suffer an overall loss of at least £1.11 billion ($1.6 billion) for its 1999 year of account. It had already announced losses in 1998 of £1.06 billion...
Mar 26 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned.At...
Mar 26 2001 // On March 16, the U.S. Senate voted 79-18 to remove a provision in the pending Bankruptcy Reform Bill that would have prevented Lloyd’s of London from pursuing a number of American “Names” for debts...
Mar 22 2001 // Lloyd’s announced that an expert team of brokers and underwriters, who are closely following the de-orbiting process of Russia’s Mir space station, would be available to comment on the risks and other insurance...
Mar 21 2001 // Moody’s Investors Service Ltd. is forecasting that Lloyd’s of London will report losses of $5.23 billion for the four years of 1998 and 2001. Under Lloyd’s three-year accounting system, the next results...
Mar 19 2001 // Lloyd’s of London has hired former Presidential candidate and former U.S. Senate Majority Leader Bob Dole to help fight a bankruptcy bill provision that could block the company from collecting debts from some U.S....
Mar 19 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned.At...
Mar 19 2001 // On Friday, the U.S. Senate voted 79-to-18 to remove a provision in the pending Bankruptcy Reform Bill that would have prevented Lloyd’s of London from pursuing a number of American “Names” for debts...
Mar 16 2001 // The State Department is opposed to a provision in the pending Bankruptcy Reform Bill that would effectively prevent Lloyd’s from collecting money from several hundred wealthy American “Names” who have...
Mar 16 2001 // Peter J. O’Shaughnessy has resigned as chairman of the board at Trinity E&S. Thomas J. Gassen, president of Trinity, will assume the duties as chairman. Gassen said Trinity will acquire...
Mar 15 2001 // A federal task force investigating Lloyd’s of London have begun interviews of witnesses in California regarding a $400,000 payment made to the state by Lloyd’s in 1999, according to a Los Angeles Times...
Mar 12 2001 // A new round of controversy over actions taken by former California Insurance Commissioner Chuck Quackenbush has been triggered by articles recently published in the Los Angeles Times.The strongest of the allegations...
Mar 12 2001 // In at least one way, there is a strong parallel between learning to ride a motorcycle and insuring motorcycle operators. For the novice rider, the first 90 days of vehicle ownership is an especially risky period for...
Mar 6 2001 // Lloyd’s of London has hired former U.S. Senate Majority Leader Bob Dole to help fight a bankruptcy bill provision that could block the company from collecting debts from some U.S. investors. Dole, who has said he...
Mar 2 2001 // Band members of the rock group Black Crowes have sued Lloyd’s in L.A. Superior Court, alleging that it has failed to reimburse the group for lost profits and expenses its members suffered when former Led Zeppelin...
Feb 27 2001 // A special provision, added to the currently pending legislation in Congress to overhaul the U.S. Bankruptcy law, aims to prevent Lloyd’s from collecting debts from U.S. “Names”(individual Lloyd’s...
Feb 23 2001 // The Los Angeles Times recently published a report containing new allegations that the California Department of Insurance under former commissioner Chuck Quackenbush covered up a $400,000 payment made by Lloyd’s of...