Tue, 23 Sep 2014 10:07:47 +0000
Rand Merchant Insurance Holdings Ltd., which owns stakes in four insurers, hired Chris Meyer, head of RMB Morgan Stanley, as the holding company run by a former Deutsche Bank AG executive adds investment talent. Meyer will leave at the end … The articl...
Tue, 23 Sep 2014 09:48:49 +0000
A.M. Best has placed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates) under review with negative implications. The action follows an accepted appeal by...
Mon, 22 Sep 2014 17:57:43 +0000
Gorst & Compass Insurance has named Donna Bacarti its senior personal lines underwriter. Bacarti will manage the newly opened San Diego, Calif. branch. Bacarti has extensive personal lines experience and has been working in the excess and surplus lines...
Mon, 22 Sep 2014 16:59:44 +0000
New York’s City Council proposed a package of bills last Friday, Sept. 19, to slash greenhouse gas emissions, shrink the carbon footprint of city operations and reduce the number of cars on the road. The legislation, which builds on environmental … The...
Mon, 22 Sep 2014 16:55:44 +0000
The number of auto accidents involving three or more deaths has more than doubled in Texas since 2010, with more fatalities occurring along roads seeing increased traffic because of the oil and gas boom. An investigation by the Houston Chronicle … The ...
Mon, 22 Sep 2014 16:48:38 +0000
Maria Lennon said she felt some relief when she heard the news last Friday afternoon: A judge had finalized a $190 million settlement between Johns Hopkins Hospital and more than 8,000 patients of a gynecologist who used tiny cameras to … The article F...
Mon, 22 Sep 2014 16:47:19 +0000
The U.S. Geological Survey has reported a magnitude 4.0 earthquake near Medford, Okla. The earthquake happened shortly after 8:30 p.m. about 20 miles east of Enid and 17 miles southeast of Medford. A Grant County Sheriff’s Office dispatcher tells The …...
Mon, 22 Sep 2014 16:46:45 +0000
Citing recent survey results that show widespread unfamiliarity among U.S. businesses with requirements of the Patient Protection and Affordable Care Act (PPACA), Travelers has announced the addition of Healthcare Exchange and Civil Money Penalties cov...
Mon, 22 Sep 2014 16:45:57 +0000
Truman Medical Center in Kansas City has agreed to stop rejecting health insurance for some patients injured in auto accidents in order to collect more money from other sources, according to court records. The agreement, which still must be approved … ...
Mon, 22 Sep 2014 16:42:38 +0000
Despite sweeping changes enacted by Gov. Bobby Jindal’s administration, the health insurance program for state workers and public school employees will have to use $88 million from its reserve fund to cover its costs this year. The nonpartisan Legislat...
Mon, 22 Sep 2014 16:40:15 +0000
If you’re going to successfully operate a relatively new reinsurance company in these troubled times, you better know what you’re doing. Fortunately Bermuda-based Hamilton Re would seem to pass muster. Firstly, it’s not a start-up. Hamilton Re is...
Mon, 22 Sep 2014 16:39:55 +0000
Milwaukee County officials say the final cost of a July 2013 electrical fire at the county courthouse is $19.1 million. The Milwaukee Journal Sentinel reports the county’s director of administrative services said there has been a final settlement of in...
Mon, 22 Sep 2014 16:37:28 +0000
Cut limestone manufacturer Mezger Enterprises Ltd., based in Lampasas, Texas, has been cited for 27 safety and health violations, including two willful, by the U.S. Department of Labor’s Occupational Safety and Health Administration. Proposed penalties...
Mon, 22 Sep 2014 16:34:37 +0000
United Heartland has promoted Justin Bealhen to vice president of field operations. Bealhen began his career with United Heartland in 2000 and has served as a senior underwriter and regional underwriting manager. Most recently, he was regional direct...
Mon, 22 Sep 2014 16:32:26 +0000
Wells Fargo Insurance, part of Wells Fargo & Company, has named Kyle Samuel managing director for its Metro Washington, D.C., and Virginia offices. Samuel will lead business development, client service and sales, and cross-sell for the firm’s insuran...
Mon, 22 Sep 2014 16:30:19 +0000
Willis North America has reinforced its cyber risk management and insurance services with several appointments to its FINEX Cyber/E&O Practice. The following individuals will focus on Willis’ national and multinational clients: Nadia Hoyte has been a...
Mon, 22 Sep 2014 16:07:07 +0000
Connecticut Insurance Commissioner Thomas B. Leonardi announced that his insurance department has launched an online site for more convenient access to the rate and form documents that insurance companies file with the department. “With the technolog...
Mon, 22 Sep 2014 15:52:35 +0000
Crews battling a huge Northern California wildfire are bracing for hotter temperatures and erratic winds. Fire spokesman Ryan Lubben says cooler, wet weather that helped firefighters over the weekend were expected to give way today to a weather patte...
Mon, 22 Sep 2014 15:49:45 +0000
Retail insurance broker EPIC has added Annette Shepherd as a multinational placement specialist and account executive on its risk management team in the Southeast. Shepherd brings 30 years of insurance and risk management experience, including 10 years...
Mon, 22 Sep 2014 15:49:22 +0000
Insure.net, an independent insurance agency based in North Haven, Connecticut, announced it has acquired Stark Agency in Chester, Connecticut. Founded in 2006, Insure.net has been mostly a personal lines agency, but the firm is now starting to grow its...
Mon, 22 Sep 2014 15:47:34 +0000
When Kathryn Slater-Carter learned her family would lose $1.5 million after McDonald’s Corp. did not renew the franchise agreement on one of their restaurants in the San Francisco suburbs, she tried for a second time to change state law to … The articl...
Mon, 22 Sep 2014 15:42:45 +0000
Capital Insurance Group has named John La Porta director of sales and marketing. La Porta will work alongside the regional field executives to provide direction and support for the agency development managers across the Western U.S. La Porta began his ...
Mon, 22 Sep 2014 15:35:21 +0000
Wholesale Trading Co-Op Insurance Services LLC has named Sean Shannon vice president and property broker on the firm’s property team. Shannon will be based in WTCI’s San Francisco office. Shannon joins WTCI from Worldwide Facilities Inc., where he spec...
Mon, 22 Sep 2014 15:15:57 +0000
Willis Re announced that it has strengthened its expertise in the Turkish market by entering into an agreement with Gras Savoye Turkey. Kemal Kurklu has joined Gras Savoye as Executive Director-Treaty Reinsurance in Istanbul to work in partnership with...
Mon, 22 Sep 2014 14:53:30 +0000
As people spend more and more time in the workplace, it’s natural for co-workers to develop close bonds — what’s often referred to as a “workplace spouse” or an “office wife.” But when it comes to pay raises, promotions and … The article ...
Mon, 22 Sep 2014 14:48:43 +0000
JLT Specialty Insurance Services Inc., the U.S. subsidiary of specialty insurance and reinsurance broker Jardine Lloyd Thompson Group plc (JLT), has named several cyber risk specialists to its cyber risk team in the U.S. Joining JLT Specialty will be F...
Mon, 22 Sep 2014 12:40:20 +0000
While U.S. President Barack Obama and more than 100 other world leaders will meet in a summit devoted to climate change, the most tangible action on global warming this week may come from companies. Mars Inc. and others will announce … The article Comp...
Mon, 22 Sep 2014 12:30:12 +0000
U.S. Attorney General Eric Holder last Wednesday called for Congress to take steps to help prosecutors build criminal cases against senior Wall Street executives, saying companies often insulated their leaders from responsibility for misconduct. In a s...
Mon, 22 Sep 2014 10:10:08 +0000
Over the past 13 years Swiss Re’s Chief Economist, Kurt Karl has been through a succession of reinsurance market ups and downs, but the current situation is somewhat new, and, as he told the IJ at the Reinsurance Rendezvous, it … The article Swiss Re...
Mon, 22 Sep 2014 09:58:39 +0000
Investigators probing the crash of an Air Algerie jet in July that killed everyone on board say they have no solid leads on the cause of the accident. Bernard Boudaille of France’s accident investigation authority BEA says investigators still don’t … T...