The Association of British Insurers has issued a call for a one-year minimum learning period for would-be drivers, and limits on the number of passengers for young newly-qualified drivers. According to the ABI, younger drivers” make up an eighth of …
A.M. Best Co. has commented that its ratings for Swiss Re and its rated subsidiaries remain unchanged following the publication of its 2006 consolidated results (See IJ web site March 1). Best noted Swiss Re’s “post-tax profit of CHF 4.6 …
The Board of Directors of Bermuda-based ACE Limited has elected the CEO of the Company, Evan G. Greenberg, to the position of Chairman of the Board of Directors, effective at the time of the Annual General Meeting in May 2007. …
Louisiana Commissioner of Insurance Jim Donelon announced that Department of Insurance staff will be inspecting the properties of 18 Allstate policyholders in Jefferson, Orleans and St. Bernard Parishes who complained to the Department that their homeowners insurance was improperly canceled. …
Risk Placement Services Inc., a wholesale broker with 40 offices throughout the United States, has opened an office in Boise, Idaho. The new facility provides property and casualty binding and brokerage market facilities to local retail agencies, and will report …
Louisiana Workers’ Compensation Corporation (LWCC) announced it has hired Bernie Hewitt as business unit manager for the small accounts team. Hewitt joins LWCC from the Montana State Fund, where he was the operation business manager of the large premium segment. …
Aon Construction Services Group has hired Richard S. Church as director, Loss Control, in Aon’s Irvine, Calif., office to provide loss control services to construction clients throughout California and the West. Previously, Church spent 11 years with Willis and served …
Lodi, Calif.-based Continental Risk Insurance Services, has finalized negotiations to add a new carrier for in-house binding authority for property and casualty risks. The carrier has an “A” rating from A. M. Best and has an appetite for an array …
Arrowhead General Insurance Agency Inc.’s Personal Lines Division has expanded its motorcycle program to Pennsylvania. Coverage is being provided by a carrier rated “A-” by A.M. Best. Coverages range from $15,000/$30,000 to $100,000/$300,000. There are no credit scoring or rating …
House Financial Services Committee Chairman Barney Frank, joined by 21 other members of Congress, today introduced legislation to require public companies to include in their annual proxies a non-binding advisory shareholder vote on their executive pay plans. The bill, H.R. …
