March 23, 2007
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 …
March 23, 2007
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 …
March 23, 2007
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, …
March 23, 2007
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 …
March 23, 2007
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 …
March 23, 2007
“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 …
March 23, 2007
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 …
March 23, 2007
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 …
March 23, 2007
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, …
March 23, 2007
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 …