France’s SCOR Group announced that it has mobilized to help the Indian Ocean victims of the Tsunami, initially contributing 150,000 euros ($197,000) to the aid campaign. The amount “represents one per thousand of Group premiums in the area hit by …
Munich Re presented its views at the UN’s World Conference on Disaster Reduction on the special problems faced by Megacities, defined as “conurbations with ten million or more inhabitants.” These large groupings of people are especially vulnerable to natural perils, …
The acquisition of substantially all of the assets related to the commercial business, including program and wholesale brokerage business of the Orlando, Fla. operations of Braishfield Assoc. Inc. has been acquired by Brown & Brown Inc. The acquisition was announced …
Boston-based AIR Worldwide Corporation has released a white paper entitled “Analyzing and Preparing for Multiple Event Seasons,” which it said demonstrates how the industry can “prepare for multiple catastrophes in a single year.” The four Florida hurricanes and other events …
Denver-based Moody Insurance Agency, which specializes in bonding services for contractors, risk management, and insurance, has promoted Steve Minnick to vice president of the agency’s Employee Benefits department. Since joining Moody Insurance in 1993, Minnick has quadrupled the number of …
Irvine, Calif.-based Compensation Risk Managers of California, LLC (CRM) has announced the appointment of Edward Low as the firm’s new claims account coordinator for California. Low has extensive experience in workers’ compensation insurance coverage as a claims examiner. In his …
MFX Roanoke Inc. (MFX) announced the acquisition of Atlantic Mutual’s data center facility in Roanoke, Virginia. Under the arrangement, which became effective Jan. 1, 2005, MFX provides complete, on-site data center processing services to Atlantic Mutual from MFX’s new operation. …
The South Carolina Supreme Court on Jan. 11 issued its decision in the case of Progressive Casualty Ins. V. Leachman, holding that Progressive’s UIM selection form constituted a “meaningful offer,” and that in making that offer, it is sufficient for …
Marvin J. Cashion has been named chief legal officer of Florida-based SunCoast Holdings Inc., the corporate parent for the company’s insurance operating subsidiaries, Brandywine Insurance Holding Company Inc. and Guarantee Insurance Co., both of Fort Mill, S.C. Cashion has more …
Although disappointed that the Maryland General Assembly chose to override Gov. Robert Ehrlich’s veto of a controversial medical liability reform bill, insurers are reportedly equally concerned about other challenges they will face in the 2005 regular session, which began Wednesday. …
