Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Fri, 3 Jul, 2009 18:59:58 EST 10 Suit accuses brokers of aiding fraud scheme http://businessinsurance.com/article/20090703/NEWS/907039998 London-based Willis Group Holdings Ltd. and Houston-based Bowen, Miclette & Britt Inc. have been named in a $1 billion class-action suit on behalf of Mexican investors in an alleged fraud organized by Stanford Financial Group. Fri, 3 Jul, 2009 14:17:00 EST Hartford sues Arch over employee defections http://businessinsurance.com/article/20090702/NEWS/907029985 NEW YORK—The Hartford Financial Services Group Inc. filed a lawsuit Thursday against Arch Insurance Group Inc. Thu, 2 Jul, 2009 16:58:00 EST Insurers' response to climate change analyzed http://businessinsurance.com/article/20090702/NEWS/907029987 New research by the Geneva Assn. analyzes how insurance companies are responding to climate change risk, what they could do in the future and in what situations they may need to partner with governments to successfully mitigate those risks. Thu, 2 Jul, 2009 16:07:00 EST MySpace not liable for assaults of teens: Court http://businessinsurance.com/article/20090702/NEWS/907029989 LOS ANGELES—The Communications Decency Act protects MySpace Inc. from liability in cases where a minor is sexually assaulted by an adult he or she met on MySpace’s Web site, a California appeals court ruled. Thu, 2 Jul, 2009 14:50:00 EST Brit Insurance names COO http://businessinsurance.com/article/20090702/NEWS/907029990 LONDON—Brit Insurance Holdings P.L.C. has named Malcolm Beane as its chief operations officer, effective Sept. 21. Thu, 2 Jul, 2009 14:23:00 EST Catlin names chief underwriter for continental Europe http://businessinsurance.com/article/20090702/NEWS/907029991 HAMILTON, Bemuda—Catlin Group Ltd. on Thursday named Heinz-Walter Haas as chief underwriting officer for its Continental Europe division. Thu, 2 Jul, 2009 14:19:00 EST Senate HELP Committee details employer health plan mandate http://businessinsurance.com/article/20090702/NEWS/907029992 WASHINGTON—All employers except small firms either would have to offer health insurance coverage to employees or be assessed a stiff penalty under a revamped health care reform bill put together by Democratic leaders of the Senate Health,... Thu, 2 Jul, 2009 14:14:00 EST Brooks named acting New York insurance commissioner http://businessinsurance.com/article/20090702/NEWS/907029993 NEW YORK—Kermitt Brooks, first deputy superintendent of the New York State Insurance Department, will take over as acting head of the department after the July 3 departure of Superintendent Eric Dinallo, a spokeswoman for New York Gov. Thu, 2 Jul, 2009 13:30:00 EST France pushes tougher financial regulation http://businessinsurance.com/article/20090702/NEWS01/907029994 PARIS (Reuters)—France said on Thursday it will not allow draft European Union rules regulating hedge funds to pass unless they are toughened up, putting it at odds with the United Kingdom, which has been trying to dilute them. Thu, 2 Jul, 2009 12:00:00 EST Farmers completes purchase of AIG personal auto group http://businessinsurance.com/article/20090702/NEWS/907029995 LOS ANGELES—Zurich Financial Services Group’s Farmers Group Inc. unit has completed its acquisition of American International Group Inc.’s personal automobile insurance business, Farmers announced Wednesday. Thu, 2 Jul, 2009 12:08:00 EST