The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has proposed $218,200 in fines against steel frame furniture manufacturer Dehler Manufacturing Co. Inc. following an inspection at the company’s Chicago facility. OSHA opened a follow-up inspection at Dehler after …
The South Dakota legislature recently passed Senate Bill 44 creating a file-and-use system for insurance rates in that state, according to the American Insurance Association. “The South Dakota Legislature took a significant step toward fully modernizing insurance regulation with the …
Aetna has agreed to acquire the disability business of Broadspire, a privately-held provider of disability and casualty claim management services, for approximately $160 million. Broadspire’s disability business operates as a third party administrator offering absence management services, including short-term and …
At a time when they face pressure to bring more uniformity to their own domestic regulatory operations, the nation’s state regulators are also increasingly active in efforts to harmonize the rules governing international insurance as well. The international efforts of …
Paris will host representatives from more than 50 countries for a two-day forum that will seek ways to cope with the increasing spread of the deadly avian flu virus H5N1. As wild birds continue their seasonal migrations, they have come …
Bermuda-based White Mountains Insurance Group, Ltd. announced that Frank Olson, a director since 1996, has retired from the Board. Chairman George Gillespie noted: “Frank Olson, our dear friend and long-time partner, has diligently served our owners over many years. We …
Platinum Underwriters Holdings, Ltd. announced from its Bermuda headquarters the appointment of Kenneth A. Kurtzman as Executive Vice President and Chief Risk Officer of Platinum Administrative Services, Inc., a Platinum subsidiary, effective as of March 15, 2006. President and CEO …
The French international business-to-business trade facilitator and insurer, Compagnie Francaise d’Assurance pour le Commerce Exterieur SA (Coface), announced that it’s consolidated revenues for 2005 increased by 7.7 percent to1.218 billion ($1.443 billion). Net profits increased by 37 percent to €117 …
Bermuda-based Montpelier Re Holdings Ltd. has announced that John D. Gillespie, Kamil M. Salame and William L. Spiegel have advised the Company of their intention to resign as members of the Board of Directors following the conclusion of the 2006 …
In a recently issued bulletin Lloyd’s said it has “reaffirmed its position as the world’s leading specialist insurer with new figures that reveal the global spread of its business in 2005.” According to newly published figures, Lloyd’s notes that in …
