Lloyd’s Underwriters and other London Market Insurers announced that a Seattle jury had found in their favor after a three week trial in their dispute with Puget Sound Energy, Inc. (“PSE”), a large gas and electric utility servicing western Washington. …
AXIS Capital Holdings Limited announced today that as of July 7, it will provide Directors & Officers Liability Insurance and other financial lines coverages through its Bermuda-based subsidiary, AXIS Specialty Limited. The company will offer limits of liability up to …
London’s Goshawk Insurance, a specialty insurer and reinsurer, which manages Lloyd’s Syndicate 102, warned that it may not meet profit forecasts for the year due to adverse developments. The news not only sent the company’s shares down 23 percent, but …
California Insurance Commissioner John Garamendi announced the appointment of Richard D. Baum as Chief Deputy Insurance Commissioner of the California Department of Insurance (CDI). Baum, who held the same title during Garamendi’s first term as Commissioner, will assume the position …
The Kentucky Department of Insurance announced it will hold two free seminars in July designed to educate consumers on ways to protect their families and property from natural disasters. “After the weather-related losses we have experienced in the past few …
Alabama Commissioner Walter A. Bell announced that Larry Lauderdale, a retired U.S. Army colonel, was named Information Technology manager for the Alabama Department of Insurance. “We are pleased to have a professional with the experience and talent of Larry Lauderdale …
In late June, Travis County (Texas) District Judge Patrick Keel found that a San Antonio janitorial company reportedly lied about its payroll to get workers’ compensation coverage so it could pursue lucrative government contracts. According to Texas Mutual Insurance Company, …
Wholesale insurance broker Vista Insurance Partners announced the appointment of Russell Shults as vice president in its San Antonio office, located at 5750 Northwest Parkway, Suite 100. Shults has more than 13 years experience as an insurance executive and broker …
ABD Insurance and Financial Services (ABD), in conjunction with its parent company, Greater Bay Bancorp announced that it has signed a definitive agreement to acquire Sullivan & Curtis Insurance Brokers of Washington, LLC (S&C Washington). The Seattle-based insurance broker currently …
Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly owned subsidiary Fremont Employers Insurance Company (“FEIC”) (collectively the “Company”), a provider of workers’ compensation products and services, reported its statutory financial results for the first quarter, including …
