Lloyd’s of London has selected an insurance outsider, Richard Ward, former head of the London-based International Petroleum Exchange, as its new chief executive officer. He spent six years as CEO of IPE, which has been re-branded as ICE Futures, in …
The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116 year history of the industry. In recent years, the …
When discussing insurance coverages for the Oil and Gas operator the term that really should be employed is “contracts/coverages,” because it is nearly impossible to separate the two–they go hand in hand. The basic coverages for the operator working over …
Not Your Typical Bank,” the slogan used by Citizens Financial Group in its consumer ads, seems to apply to the bank’s latest move, the selling off of its respected insurance agencies. It is not a typical sale. The bank did …
There are common problems that may arise in the provision of coverage for Oil & Gas operators. Among those for which the broker should be on the lookout are: The International Association of Drilling Contractors Drilling Contract makes the operator …
Insurance professionals probably spend more time in more meetings than just about any other employees. While some thrive on meetings, not everybody does. According to a new study, meetings may be harder on those who are task-oriented than those who …
American International Group Inc. (AIG) announced that a wholly-owned subsidiary company is acquiring Travel Guard International, a national provider of travel insurance programs and emergency travel assistance, from the Noel Group of Stevens Point, Wisc. Financial terms of the acquisition …
The National Association of Mutual Insurance Companies is saying it plans to work with a broad-based coalition in South Dakota to defeat a statewide judicial ballot initiative on the November ballot that would allow citizens to bring a lawsuit against …
Beazley announced it has hired two senior underwriters to assist with the company’s U.S. operations mid market commercial property business a focus. Todd Hanes joins Beazley as the West Coast regional underwriting manager for commercial property business. Based in San …
In the aftermath of Hurricane Katrina, public officials and insurance experts predicted that the vast majority of property losses from the most costly flood in U.S. history would be uninsured. But data from the office of Donald Powell, the Bush …
