Insurance Journal

Insurance Journal » News Sat, 04 Feb 2012 04:59:42 +0100 Out of Trust C.M. Meiers Brokerage in Southern California Fetches $1.375 Million at Auction 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, … Sat, 04 Feb 2012 03:57:41 +0000 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, … Fri, 03 Feb 2012 21:13:59 +0000 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 … Fri, 03 Feb 2012 20:09:24 +0000 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 … Fri, 03 Feb 2012 19:52:18 +0000 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       … Fri, 03 Feb 2012 18:31:26 +0000