Itasca, Illinois-based insurance brokerage Arthur J. Gallagher & Co. reported a drop in profit for the fourth quarter and announced it would sell its global reinsurance operation and its small Ireland-based wholesale brokerage. In an expense-cutting move, it plans on …
There’s no room for this Jell-O wrestling lawsuit. A Manhattan judge has thrown out $1 million suit against New York University by a former student who claimed he broke his hip at a Jell-O wrestling dorm party. Avram Wisnia was …
The Munich Re Group announced that it expects a record profit for 2007 of €3.9 billion ($5.77 billion) on the basis of preliminary figures. The amount exceeds the profit guidance of €3.5-3.8 billion ($5.18 to $5.62 billion) published last August. …
Marsh & McLennan Companies, Inc. (MMC) has appointed Brian Duperreault, who helped grow Bermuda-based ACE Limited, as president and chief executive officer of MMC, effective immediately. He replaces Michael Cherkasky, who has been president and CEO since October, 2004. MMC …
An insurance company holding a life insurance policy on a Vermont man who was shot to death — allegedly by his own son — wants a court to decide who gets the $150,000. Massachusetts Mutual Life Insurance Co. asked U.S. …
The concerns of property insurance in Florida and the perils facing the property insurance industry are some of the key issues to be addressed at the Ninth Annual Windstorm Insurance Conference, set for Feb. 4 – 7 in Jacksonville, Fla. …
American International Group, Inc. (AIG) confirmed today that it has reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and questions about undisclosed contingent commissions paid to brokers. Under the …
AIG Executive LiabilitySM Announces AIG PrivateEdge PlusSM Modular Package of Seven Coverages Available for All Private Companies AIG Executive Liability, a division of the property-casualty insurance subsidiaries of American International Group, Inc. (AIG), introduced AIG PrivateEdge Plus, a package policy …
Tim Goeller has been named zone vice president of State Auto’s Middle Market Insurance (SAMMI) Western Zone office in Peoria (Phoenix), Ariz. “Tim arrived in Phoenix just over a year ago and quickly familiarized himself with the market and all …
Gina Simons has been appointed operations manager of the California State Fund’s marketing department. Simons began her workers’ compensation insurance career in 1988 as a marketing consultant in the State Fund’s underwriting/marketing department. In that capacity Simons produced a wide …
