Blog

Virginia insurance regulators say the immigration bond surety company known as Libre by Nexus Inc. is violating the law by acting as an unlicensed insurance agent. The State Corporation Commission’s Bureau of Insurance says the company solicits, negotiates and sells immigration surety bonds without ...

The insurers feel that various initiatives taken by the government such as recapitalisation of PSBs and their mergers will boost the liquidity situation in the market

Slowdown in the economy has adversely impacted the trade credit insurance segment of general insurers. This is because claims in this ...

AIG, Chubb, Markel, Swiss Re and Zurich are potentially liable for Thomas Cook repatriation and refund costs as they provide shortfall insurance for the Air Travel Organiser’s Licence’s (Atol) primary source of funding, The Insurance Insider can reveal.

The Air Travel Trust (ATT) fund is the main sou...

In a report presented to the joint Post Audit Committee, legislative auditors contend that the state Division of Environmental Protection has been skirting a law designed to make sure that coal mine reclamation bonds are on solid financial ground.

Coal companies have to get the bonds to guarantee the...

On August 6, 2014, plaintiff-relator Andrew Scollick filed a complaint in the United States District Court for the District of Columbia against eighteen defendants for multiple violations of the False Claims Act (“FCA”) in connection with an alleged scheme to submit bids and obtain millions of dolla...