Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings has opened a branch office in Seattle. The Seattle office will be managed by Doug May, who has been appointed executive vice president. Prior to joining Willis, May …
A federal judge in Louisiana has set a trial date for late 2008 to hear a lawsuit over a navigation channel built and operated by the Army Corps of Engineers that contributed to the flooding of St. Bernard Parish and …
Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms. Sen. James David Cain, chairman of the Senate Insurance Committee, and Sen. Ken Hollis, chairman …
A spokesman says “it’s a puzzler” why Gov. Brad Henry’s plan to expand a small business health insurance program was not heard in the state House of Representatives before a legislative deadline expired. “We were surprised, particularly when we got …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of “B++” (Good) and assigned a category of “NR-5” (Not Formally Followed) to Canada’s Insurance Corporation of Newfoundland Limited (ICON). “This rating action is a result of ICON’s amalgamation into …
Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of Laurent Dignat, 41, to its newly created European Solutions Group. He “will be responsible for integrating the capital markets, …
The Minnesota state Supreme Court justices are examining the Minneapolis’ Stop on Red program, questioning whether it conflicts with state law because it issues tickets to the owner a vehicle that runs a red light _ even if someone else …
Minnesota Gov. Tim Pawlenty says the state should consider a plan that would provide money for residents of the western Minnesota town that did not have flood insurance. Pawlenty toured areas of town that were affected earlier this week when …
France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase price of the acquisition, …
Brett Lininger, formerly director of government relations for the Maryland Insurance Administration, has left that state agency to form his own government relations firm called Lininger & Associates. His office is located in Annapolis. Lininger joined the Maryland Insurance Administration …
