Montgomery Insurance, a member of Liberty Mutual Group, appointed Gregory B. Buckley of Waxhaw, N.C., to vice president of underwriting, Commercial Lines effective June 25, 2007. Buckley will manage the growth of the company’s home office commercial lines underwriting operations, …
The performance of two fire eaters got a little too hot for Johnson City, Tenn. police, who cited them as a safety hazard at the annual Blue Plum Festival. The men were arrested June 1 when they used kerosene to …
OneBeacon Insurance Group has appointed Joseph Caufield as chief underwriting officer for its OneBeacon Government Risk Solutions business. Caufield is based in Pennsylvania and reports directly to Josette Kiel, head of OneBeacon Government Risk Solutions. Caufield comes to OneBeacon with …
AIR Worldwide Corp. updated its hurricane modeling software enabling enhanced methodology for estimating business interruption losses. AIR’s newest U.S. Hurricane Model accounts for both building and business characteristics when estimating total business interruption downtime and includes indirect losses from sources …
Congress is planning further exploration of the federal government’s flood program and private insurance practices following the hurricanes of 2005, including the settlement of wind vs. water claims. U.S. Representatives Melvin L. Watt, D-N.C., chairman of the Financial Services Subcommittee …
Sexual harassment training does not invite lawsuits, according to a study by Caren M. Goldberg, a management professor at American University’s Kogod School of Business. “Some organizations have avoided implementing sexual harassment training programs for fear that providing it might …
The Food and Drug Administration said this week it will name a panel of experts to help better communicate with consumers about problems with drugs, food and other products. The announcement comes as the agency braces for new criticism over …
A.M. Best Co. has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a+” to New York-based Jefferson Insurance Company. The outlook is stable, in line with that of the parent company, Elvia Reiseversicherungs-Gesellschaft AG, …
Standard & Poor’s Ratings Services said today it assigned its “A” long-term insurer financial strength and counterparty credit ratings on Singapore-based ACE Insurance Ltd. with a stable outlook. S&P said the ratings “reflect its strategic importance to the ACE group …
Rhode Island’s biggest workers compensation writer, Beacon Mutual Insurance Co., has named Robert G. DeOrsey as vice president of underwriting and loss prevention. As vice president of underwriting and loss prevention, DeOrsey will oversee the daily operations of both departments …
