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Our unparalleled experience and expertise allows us to provide a broad range of insurance services for both corporate and individuals.
Our team of insurance management specialists will always carefully listen to our customers to better understand their business operations, exposures and specific requirements. We will then begin the arduous task of combining together an insurance program that will be comprehensive and deliver the best advantages possible to our customers.
Insurance & Risk News
N.Y. Compensation Insurance Rating Board Seeks 11.5% Rate Hike The New York Compensation Insurance Rating Board (NYCIRB) has submitted to the Department of Financial Services on Thursday a loss-cost filing for an overall average loss cost change of +11.5 percent. The change in loss cost represents the anticipated cost …
Court: Louisiana Cab Company President not Liable in Death Case A court has ruled that the head of a Bossier City, La., taxi cab business cannot be held personally liable in a lawsuit over the death of a 12-year-old boy. The victim in the case was Justin Bloxom, whose body …
Dean, Hanner, Richardson Named Corporate VPs at Arthur J. Gallagher Arthur J. Gallagher & Co. has appointed Eric C. Dean, Jerome S. Hanner and Cara Richardson as corporate vice presidents. Dean joined the company in 2012 and has more than 30 years of business experience in various key technology functions. …
A Year after Joplin Tornadoes, $2.16B in Insurance Claims Paid The tornado that swept through Joplin, Mo., on May 22, 2011, has generated $2.16 billion in insurance claims payouts to Missouri policyholders, according to an Insurance Information Institute analysis of data from ISO’s Property Claims Service (PCS) and other sources. …
Despite Grant, South Dakota Will Wait on Health Insurance Exchange South Dakota has been awarded a $5.9 million federal grant to continue research into the possibility of a state-run health insurance exchange. But Gov. Dennis Daugaard says the state will continue to wait for the outcome of the lawsuit challenging …
Family Sues California Mortuary Over Switched Bodies A family is suing a mortuary over a body switch that resulted in a grandmother being buried in another woman’s clothes in a California cemetery instead of an above-ground crypt in Nicaragua. The lawsuit filed Wednesday by the 88-year-old woman’s …
North Dakota Agent Accused of Creating Fake Policy Applications North Dakota Insurance Commissioner Adam Hamm announced he has served a cease and desist order against Tim Everett, a Grand Forks area insurance agent who is alleged to have created fictitious insurance policy applications and to have been paid commissions …
Crop Damage in Central California From Storm Tops $79M San Joaquin Valley’s crop damage estimate from a hail storm last month has reached more than $79 million. The Fresno Bee reports that Kings County, among the hardest hit areas of the region, recently increased its damage estimate from $20 …
Louisiana Citizens Approved for $75M Line of Credit Louisiana’s property insurer of last resort has gotten permission to secure a $75 million cash line of credit in case a hurricane damages the state. The Louisiana Citizens Property Insurance Corp. has enough money set aside to cover a $110 …
SullivanCurtisMonroe Adds Kraatz as EVP in Southern California Irvine, Calif.-based SullivanCurtisMonroe named Shawn Kraatz as executive vice president in its Irvine office. His primary responsibilities at SCM will include commercial sales management and marketplace leadership. Kraatz joins SCM from Alliant, where he was first vice president. He has …
Houston’s Dean & Draper Recognized for Technology Best Practices Houston-based Dean & Draper Insurance Agency has been recognized by the Network of Vertafore Users (NetVU) for employing technology best practices that enhance productivity, simplify processes and improve customer service outreach. The 2012 Automation Excellence Award was bestowed during the …
Health Insurance Exchange Rejected by Louisiana Senators A proposal that would have set up a body of elected and appointed officials to craft the health insurance exchanges that anchor President Barack Obama’s health overhaul has failed to gain traction in the Louisiana Senate. The Senate Finance Committee …
Insurance Trades Join Suit Against Oregon’s MVR Fee Increase The National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America have joined a lawsuit filed this week against the Oregon Departments of Administrative Services and Transportation to block the recently approved fee increase for motor …
Northern United Agents Alliance in N.H. Expands, Adding 2 New Agencies The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, added two new agency members. The new members are: Maloney Associates Insurance in Hanover, N.H., and Bernier Insurance Agency in Rochester, N.H. Maloney Associates Insurance was …
Vermont Governor Shumlin Signs Health ‘Exchange’ Bill Gov. Peter Shumlin has signed into law the next step in a multi-year effort to revamp Vermont’s health care system and make it more like Canada’s. The bill Shumlin signed on Wednesday calls for setting up a regulated health care …
Vermont Becomes First State in U.S. to Ban Hydraulic Fracturing Gov. Peter Shumlin on Wednesday signed into law the nation’s first ban on a hotly debated natural gas drilling technique that involves blasting chemical-laced water deep into the ground. The Democrat, surrounded at a Statehouse ceremony by environmentalists and Twinfield …
N.J. Police Chief Is Convicted of Insurance Fraud, Faces Prison Term Hackensack Police Chief Ken Zisa faces up to 45 years in prison after a jury convicted him of insurance fraud and official misconduct. After deliberating three days, the panel on Wednesday found Zisa filed a false insurance report and became …
Florida’s Citizens Defends Plan to Consider Higher Rates on New Business Facing protests from consumers and state officials, Florida’s state-run homeowners insurer has found itself defending a proposal to increase rates for new customers above a legislative cap placed on current business. Citizens Property Insurance Corp. officials floated the proposal last …
Court Tosses Workplace Retaliation Damages Suit Against Mississippi College A federal appeals court has ruled for Hinds Community College in a workplace retaliation case. In 2010, a Mississippi federal judge ordered the school to pay a former professor $345,020 after a federal jury found she had been the victim …
Tackling Euro Zone Crisis is Top Priority for G8 Leaders Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency. President Barack Obama, the …
XL Group Names Whelley Executive VP- Chief for Human Resources XL Group plc announced the appointment of Eileen Whelley as Executive Vice President, Chief Human Resources Officer, effective June 18, 2012. She succeeds Elizabeth L. Reeves, who is retiring. Whelley has been Executive Vice President, Human Resources for The Hartford …
China Broker CNinsure Announces Changes to Board of Directors CNinsure Inc. an independent insurance intermediary company operating in China, announced that the board of directors of the Company has appointed Yunxiang Tang as an independent director of the Board and Yongwei Ma has resigned from the Board following the …
Former Dewey & LeBoeuf Lawyers Join DLA Piper Hong Kong Office The DLA Piper law firm announced that a group of lawyers led by partners Joyce Chan and Heng Loong Cheong will join its Hong Kong office from Dewey & LeBoeuf. The move signals yet another step in the meltdown of …
Willis’ DARCstar D&O Program Marks First Year with New Offerings To mark the anniversary, May 18, 2012, of its DARCstar Directors & Officers (D&O) insurance coverage, Willis Group Holdings has introduced a new improved version of the form, and has launched two new products in the DARCstar stable: “prospectus liability …
South Carolina Son Follows in Father’s Safety Footsteps Dwain Fogle believes in taking an extra minute to make sure safety is first in his job as a rural mail carrier, a lesson he learned from his father who spent 41 years in the same profession. As a rural …
OSHA Probes Florida Postal Worker’s Mysterious Illness The federal agency that monitors worker safety has opened an investigation into the illness of a U.S. postal worker who became sick after coming into contact with a mysterious package from Yemen. A spokesman for the Occupational Safety and Health …
Forecasters Examine Hurricane Andrew’s Legacy The ability to predict how bad a storm will be has eluded forecasters since Hurricane Andrew made a catastrophic landfall in South Florida two decades ago and it will remain a challenge for the next chief at the National Hurricane …
Safety Inspections Don’t Hurt Businesses; Do Lower Workers’ Comp Costs: Study Random inspections of U.S. industrial workplaces lower the risk of workers being injured on the job and have no measurable negative effect on the companies inspected, according to a study in the journal Science. Companies chosen for random inspections by …
Judge: New York AG Must Decide on Revealing Spitzer’s Emails on AIG New York’s Attorney General must review his predecessor’s private emails relating to a probe of American International Group Inc. and decide whether to release them to the public, a state judge has ruled. The office of Attorney General Eric Schneiderman …
MGIC Sues Freddie Mac in Insurance Coverage Dispute Mortgage insurer MGIC Investment Corp. has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain insurance policies. MGIC said on Thursday it filed the suit in federal court in …
Florida County Approves Changes After Oil Spill Fraud Amid a criminal investigation into the alleged misuse of funds paid by BP after the 2010 Gulf oil spill, a Panhandle county made big changes Tuesday in the way it oversees spending for promotion of the area’s world-famous beaches. An …
Street Racing in Texas Blamed for Death San Antonio, Texas, police say street racing has led to the death of a driver whose truck went off a road, fell more than 40 feet and crashed into a creek. The name of the man who died was not …
Crop Damage in California From Storm Tops $79M California’s San Joaquin Valley’s crop damage estimate from a hail storm last month has reached more than $79 million. The Fresno Bee reports that Kings County – among the hardest hit areas of the region – recently increased its damage …
Mississippi Workplace Retaliation Lawsuit Dismissed A federal appeals court has ruled for Hinds Community College in a workplace retaliation case. In 2010, a Mississippi federal judge ordered the school to pay a former professor $345,020 after a federal jury found she had been the victim …
West Virginia ABCA, Partners Target Underage Drinking State and local authorities are stepping up store compliance checks and taking other measures to combat underage drinking. The crackdown also includes increasing the number of sobriety checkpoints across the state. It’s being conducted by the Alcohol Beverage Control Administration, …
Parents of Slain Armored Car Guard File Suit in Washington The parents of a Loomis armored car guard killed in June 2009 have sued Washington state, contending corrections officers didn’t do enough to monitor the gunman. The lawsuit was filed Wednesday in Pierce County Superior Court on behalf of the …
Runner Sues Virginia Race Organizers Over Accident A runner is suing organizers of the Filthy 5K Mud Run in Richmond, Va., over an accident during the 2010 race that that left him partially paralyzed. Robert A. Fecteau II’s lawsuit seeks $30 million in damages. It was refiled …
Louisiana Man Booked With 98 Counts of Fraud A Eunice, La., man is facing 98 fraud charges for allegedly filing bills for work that was never done. The Daily World reports Bruce Anthony Soileau has been booked with falsifying records which caused the city of DeRidder to pay …
‘Ring of Fire’ Eclipse Visible From China to Texas Sunrises and sunsets often dazzle, but they’ll have a special ring to them in a few days for people in the western United States and eastern Asia: The moon will slide across the sun, blocking everything but a blazing halo …
8 Indicted on Fraud Charges From Joplin Tornado Eight people have been indicted on federal fraud charges over alleged false requests for aid following the deadly May 2011 tornado, the U.S. Attorney’s Office in Springfield announced Wednesday. Each of the defendants, indicted separately by a grand jury, is …
Mitsui Sumitomo service company MSI Management UK and Ireland is to open a Dublin headquarters to be the intermediary hub for regional underwriting business, underwritten by Syndicate 3210 at Lloyd's.
Towergate has pulled out of buying troubled AIM-listed broker Cobra, leaving the way clear for Alto, the buyout venture backed by Cobra boss Stephen Burrows, pictured.
Insurers, brokers and managing general agents believe that delegated authority "makes sense" if parties have the same interests, but some MGAs lack the skills to work effectively.
Allianz has reported UK Q1 gross written premiums up 6.8% over same period in 2011 and a marginally worse combined operating ratio of 97.1% giving the firm its 37th consecutive quarter with a sub-100% COR.
With 10 weeks to go the start of the Olympic Games, Paralympian and Aviva sponsorship consultant Danny Nobbs speaks to Penny Black about his hatred for marmite, his crush on Emma Bunton and knowing all the words to Bart Simpson's Do the Bartman.
BP Marsh & Partners this morning announced that its wholly-owned subsidiary, BP Marsh & Company has sold 1 193 500 shares (2.75%) in Hyperion Insurance Group for a cash consideration of £4.5m.
BP Marsh & Partners announced this morning that its wholly-owned subsidiary, BP Marsh & Company, has sold 1 193 500 shares (2.75%) in Hyperion Insurance Group for a cash consideration of £4.5m.
Hardy Underwriting has reported that gross written premiums for its syndicate have decreased by 21.5% year on year, primarily as a result of discontinuing certain underperforming lines of business and a reduction in catastrophe risk appetite.
Having been wined and dined by the great and the good of the insurance industry for over 12 years, one has decided to team up with the CII to collect the best bits from my weekly column and bring them to you in the shape of this little black book.
Amlin reported this morning that the group's gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).
Amlin this morning reported that the group’s gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).
Aviva has said that it will not be in a position to name a new CEO until the end of the year, and hinted that business exits are inevitable as the company undertakes a widescale strategic review.
IAG managing director and chief executive Mike Wilkins has said that now is an appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.
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