The federal Mine Safety and Health Administration has launched a formal investigation into last week’s accident in a Maryland open pit coal mine that killed two men. “We evaluate all aspects of the mine accident, and that includes potential causes …
Pennsylvania lawmakers are unlikely to pass Gov. Ed Rendell’s proposal to impose a new payroll tax that would help expand state-subsidized health insurance because of questions about its legality and its effect on businesses, a state senator said Tuesday. “I …
Jeanette Waddle is frustrated with rising property taxes and unaffordable insurance rates, and she let Fla.’s Gov. Charlie Crist hear about it Tuesday night during a town hall forum. The mother of three is married to a firefighter, the sole …
Willis Group Holdings Limited reported strong results for the quarter ended March 31, 2007. Net income for the quarter was $169 million compared with $140 million in Q1, 2006, a 21 percent increase. Earnings per diluted share increased 25 percent …
Lexington Insurance Company, a member company of American International Group, Inc. announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda. “Establishing this new office reflects Lexington’s commitment to providing ready access to top-quality products and …
Steven Haasz, Lloyd’s Director of market infrastructure & program management, will be leaving in July to join Prudential UK as Managing Director- Wholesale for the UK. He joins a small, but select group of Lloyd’s senior executives, who have decided …
A.M. Best Co. has assigned an indicative debt rating of “bb+” to the forthcoming £100 million ($200 million) floating rate subordinated bonds to be issued by the UK-based Novae Group plc, with a positive outlook. Best also affirmed Novae’s issuer …
Risk Management Solutions (RMS) has teamed up with WeatherFlow Inc., a provider of private weather data, to launch the “WindX(tm) parametric index” (www.windxnetwork.com).” The two companies timed the introduction of their new service to coincide with the fast approaching 2007 …
A proposal to limit medical malpractice lawsuits in Tennessee advanced Tuesday out of the House subcommittee where it faced its biggest challenge for passage. The civil practice subcommittee of the House Judiciary Committee advanced the bill on a voice vote …
Navigators Pro has enhanced its primary directors and officers liability policy for publicly traded corporations offering securities in the event of a securities class action lawsuit with the Offering InNAVation endorsement. The Offering InNAVation endorsement protects directors and officers from …
