May 16, 2008
The South Dakota governor has asked for a presidential disaster declaration to help cover the costs from an early May snowstorm in western South Dakota. His office says there was more than $7.5 million in damage to public facilities in …
May 16, 2008
A new law has been passed requiring all of Suffolk County’s (New York) 17,000 licensed contractors to prove their workers are in the United States legally. Critics claim the legislation — passed by the county Legislature — is aimed at …
May 16, 2008
The three children of a Michigan couple killed in an explosion in the popular Wisconsin vacation area of Door County will receive a settlement worth more than $21 million, according to court documents. The teenage children of Patrick and Margaret …
May 16, 2008
State lawmakers say New York Gov. David Paterson’s proposal to increase doctor oversight and prevent misconduct has a good chance of passing this session — but with changes. Assembly Health Committee Chairman Richard Gottfried, a New York City Democrat, says …
May 16, 2008
Maurice “Hank” Greenberg, the former head of American International Group Inc, said in an interview on Wednesday he voted against the reelection of the company’s board because directors have not made sure management met expectations. “I represent the largest shareholders, …
May 16, 2008
ACE USA reported that it has expanded its professional risk insurance product offerings to include a stand-alone, admitted (in 40 states) policy for elected and appointed officials at various levels of government. The ACE Municipal Advantage Public Entity Liability Policy …
May 16, 2008
Atlantic Specialty Lines of Pennsylvania, LLC, a subsidiary of Atlantic Specialty Lines, Inc. has acquired the business assets of ESL, Inc., effective May 1, 2008. ESL, which was a wholly-owned subsidiary of Penn National Insurance, operated as a wholesale insurance …
May 16, 2008
The United States should cut barriers to its markets to help it tackle economic turmoil, and boost exports to deal with its current account deficit, the Geneva-based World Trade Organization (WTO) said. Further adjustment and reforms by the United States …
May 16, 2008
Cayman Islands-based Greenlight Capital Re, Ltd. has reported a net loss of $4.8 million for the first quarter of 2008 compared to a net loss of $13.1 million for the same period in 2007. On a fully diluted per share …
May 16, 2008
Marsh has announced the appointment of Martin Stubbs as a Senior Vice President for Construction Professional Indemnity (PI) within its Financial and Professional Services (FINPRO) Practice in London. He has over 20 years’ experience in construction PI, and joins Marsh …