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In May 2017, Liberty Mutual Insurance completed its acquisition of Bermuda-based Ironshore Inc. from Fosun International Limited for $2.93 billion. [23] In October 2019, Liberty Mutual acquired Nationale Borg, Nationale Borg Reinsurance and AmTrust Insurance Spain, which are credit and surety reinsurance subsidiaries of AmTrust Financial Services.
The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents.
Casualty insurance is a defined term [1] which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance.. Casualty insurance is mainly liability coverage of an individual or organization for negligent acts or omissions. [2]
Counter-claims and cross claims do not require personal service because no new parties are being added to the lawsuit. In some state court systems, a contribution claim must be opened as a new case, and thus the defendant must pay for a filing fee, docket number, or index number. In other states, however, no additional fee is required.
A surety bond is defined as a contract among at least three parties: [1] the obligee: the party who is the recipient of an obligation; the principal: the primary party who will perform the contractual obligation; the surety: who assures the obligee that the principal can perform the task; European surety bonds can be issued by banks and surety ...
Republican Virginia Rep. Ben Cline sent a letter to constituents dispelling liberal "lies" surrounding Elon Musk and the Department of Government Efficiency.
The mutual assent of two or more parties, competency to contract and valuable consideration. [41] [42] An offer to guarantee must be accepted, either by express or implied acceptance. [1] If a surety's assent to a guarantee has been procured by fraud by the person to whom it is given, there is no binding contract.
In recent years, the company has failed to report riots, assaults and claims of sexual abuse at its juvenile prisons in Florida, according to a review of state records and accounts from former employees and inmates.