Monthly Archives: <span>March 2007</span>

Travelers Expands Its Offerings for Bridge Contractors

Travelers announced that its construction unit has expanded its appetite to include a wider range of bridge builders. Bridge contractor customers can now benefit from an underwriting team able to write all lines of business, as well as Travelers risk …

Thieves in Montreal Targeting Cars from U.S.

Like many northern New Englanders, Burlington, Vermont contractor Greg Giro likes to make an occasional trip to take in some big-city life in Montreal. But increasingly, they are being targeted by car thieves, say Canadian authorities and a U.S. insurance …

Central N.H. Shakes But Nothing Breaks from Small Quake

A 2.7 magnitude earthquake rattled central New Hampshire on Wednesday morning, but there were no reports of damage. Experts said that the earthquake was centered in Campton, about six miles north of Plymouth. “I was upstairs working in the marina, …

Allianz Formalizes AGF Minority Shareholder Buyout Offer

Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, has formalized its offer to acquire the remaining 42.4 percent of the shares in French insurer Assurances Générales de France (AGF) that it does not already own (See …

Marsh Comments on UK’s ‘More Focused Business Management’

According to a bulletin from Marsh’s London office, “businesses in the UK’s financial services sector are moving away from a compliance led approach toward operational risk, adopting instead more focused risk management and business process performance-based practices.” Cristiana Báez-Safa, Managing …

Lloyd’s Underwriter Survey Again Puts ‘Managing the Cycle’ as Chief Concern

“For the third year running, underwriters in the Lloyd’s market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has made some progress managing it,” says an announcement on …

Federal Mine Safety Agency Increases Fines for Safety Violations

The federal Mine Safety and Health Administration said this week it has finalized a rule that increases fines for all safety violations. “MSHA has structured the final rule so that higher penalties will induce operators to prevent and correct violations …

Scientists Disagree Over Hazard Posed by New Madrid Earthquake Fault

Scientists have struggled for years to figure out when the next big earthquake might strike the central United States. Now a geologist from Northwestern University believes he has evidence that the New Madrid Fault – at the center of the …

Companies Protest W. Va. Public Health Contract Award to Md. Firm

West Virginia’s selection of a Maryland company to manage a new health insurance program for retired public workers is being challenged by two other companies that sought the work. The Public Employees Insurance Agency awarded the annual contract to Bethesda, …

TriSure’s Folger Named President-Elect of N.C. Agents Group

R. Cleve Folger, a founding partner at TriSure Corp., was named president elect of the Independent Insurance Agents of North Carolina. Folger will assume his duties at the association’s annual convention in October. A member of the IIANC board since …