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

Marsh Expands Europe Specie Team

Marsh announced from its London office that it has appointed Mervyn Owen as jewelers’ block specialist in the London office of its Specie Practice, which “delivers insurance services and advice concerning valuable property, precious metals and stones in transit or …

Willis Extends Plumeri’s Contract

Willis Group Holdings Limited has amended the employment agreement with its Chairman and Chief Executive Officer, Joseph J. Plumeri, to extend its term for an additional year. The employment agreement, which was scheduled to expire October 15, 2008, will now …

S&P Sees No Ratings Change for Swiss Re Subsidiaries

Standard & Poor’s Ratings Services said that its ratings and outlooks on the European subsidiaries of Zurich-based global reinsurer Swiss Reinsurance Co. -rated “AA-/Stable/A-1+” – remain unchanged following the announcement by the group with regard to the future reorganization of …

N.D. Workers’ Comp Advocate’s Office to Stay Put

An advocacy office within North Dakota’s workers’ compensation agency should not be moved to the Labor Department, the state House has concluded. The Office of Independent Review (OIR) takes up cases in which workers’ benefit claims have been denied or …

Ill. Agents Host Annual Industry Legislative Day March 20

The Professional Independent Insurance Agents of Illinois (PIIAI), in conjunction with the Illinois Insurance Association (IIA), Illinois Association of Insurance and Financial Advisors (IAIFA), Illinois State Association of Health Underwriters (ISAHU), Illinois Association of Mutual Insurance Companies (IAMIC), and the …

Ohio Hosts Insurance Fraud Seminar March 15

The Ohio Department of Insurance has announced that the 2007 Insurance Fraud Seminar will be conducted Thursday, March 15 at Quest Conference Centers, 8405 Pulsar Place, Columbus, Ohio. Co-hosts are the Ohio Chapter of the National Society of Professional Insurance …

Man Sues for $1.6 Billion Over Rights to Sponge Bob Square Pants

Troy Walker claims he created Bob Spongee, an unemployed cartoon sponge who lived with his family on Apple street, in 1991. So in 2002 when Walker saw Nickelodeon’s “Sponge Bob Square Pants,” a wildly popular animated sponge who lives among …

Travelers’ CEO Fishman Paid $15.7 Million Last Year

Travelers insurance said on Friday that it paid Chairman and CEO Jay S. Fishman $15.7 million last year, a period when calm weather fueled big profits for one of the nation’s largest commercial insurers. Fishman’s pay included a $1 million …

Beazley Acquires Health Care Specialist Sapphire Blue

Beazley Group has agreed to acquire Sapphire Blue, an agency specializing in professional liability insurance for U.S. health care institutions, particularly long term care facilities. The transaction significantly strengthens Beazley’s presence in this market, the company said. Sapphire Blue has …

Liberty Mutual Property Launches New Food Processing Product

Liberty Mutual Property, part of the Liberty Mutual Group, has launched a new endorsement to its commercial property coverage that provides services for the food processing industry. RM Custom Select addresses the top three property insurance concerns for food processors: …