Dallas-based managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. announced it has named Christopher Morris vice president of Brett Woods and Associates, a brokerage subsidiary of U.S. Risk that focuses on large, complex casualty accounts. In …
The Insurance Council of Texas (ICT) announced it has joined the Houston Police Department in a public safety campaign aimed at preventing auto thefts and auto burglaries. The program involves the creation and distribution of signs that read, “SECURE your …
Columbus, Ohio-based glue maker Elmer’s Products Inc. has pledged to investigate its safety standards following findings by Consumer Reports magazine of high lead levels in several kinds of children’s glue sticks. In a statement released Monday, Elmer’s said the company …
A $1.7 million judgment against an Elkins doctor who allegedly blinded a patient during spine surgery will stand after the West Virginia Supreme Court unanimously declined to hear the physician’s appeal. Lawyers for Dr. Kenneth D’Amato alleged several errors during …
AIG WorldSource ®, a division of the property and casualty insurance subsidiaries of the American International Group, announced that the medical network established by the AIG Companies ® in the Middle East region for injuries arising under Defense Base Act …
A report from Marsh’s London office reveals that “FTSE 100 [i.e. the largest UK enterprises – analogous to the S&P 500] are reporting risk above and beyond what the UK’s regulatory regime requires.” Marsh said its “White Paper” examines ten …
According to a new study to be issued by ABSG Consulting Inc. and its subsidiary, EQECAT, Inc., “Japan’s chemical industry surprisingly could suffer financial losses equal to more than two years of pre-tax earnings, while the precision machinery and petroleum …
Risk Management Solutions has launched a new initiative amongst six of Lloyd’s largest managing agents aimed at providing advanced exposure data for the London Market. “The RMS® London Market Data Community gives members access to top-quality data that has been …
The Zurich Financial Services Group announced that its subsidiary Zürich Beteiligungs-AG (Deutschland) has signed an agreement to acquire car warranty insurer Real Garant Versicherung AG from ADAC-Schutzbrief Versicherungs-AG with retroactive effect as of January 1, 2007. The purchase price was …
Bermuda’s RenaissanceRe Holdings Ltd. reported $167.8 million in third quarter operating income, which excludes capital gains/losses, available to common shareholders compared to $247.0 million in the third quarter of 2006. RenRe specified that the figure does not include “net unrealized …
