Investigators believe someone angry with the government set the fire that severely damaged the Texas Governor’s Mansion on June 8, and they offered a $50,000 reward for information leading to his arrest. State Fire Marshal Paul Maldonado said previously that …
Five weeks after many of them lost their homes to a powerful tornado, Picher, Okla., residents are expressing frustration about a new state insurance law that is affecting the buyout process for residents of the polluted community. Tensions rose during …
Woodbridge, New Jersey-based wholesale brokerage NIP Group has named Jerry Barry president of its specialty brokerage division, and promoted Dean Mortilla to vice president. Barry moves to the division after serving as assistant vice president at NIP’s captive division, where …
An Illinois appellate court has reinstated a $120 million judgment against owners of the former Clark Oil refinery, reversing a Cook County judge’s decision to dissolve the class-action suit after a verdict was reached. The lawsuit against the now-shuttered, Texas-based …
Insurance brokerage firm The NIA Group LLC acquired Taylor Financial Insurance Agency of Jacksonville, Florida, marking NIA’s third agency purchase in the Sunshine State. Taylor Financial provides employee benefits and professional liability insurance to businesses and health care providers located …
Standard & Poor’s Ratings Services has said that its ratings on White Mountains Re Group Ltd. (WMRe) – currently ‘BBB-‘ with a stable outlook – and its operating subsidiaries, Folksamerica Reinsurance Co. and Sirius International Insurance Corp. “are not affected …
An upstate New York trucking company is accused of underreporting its payroll by $2.2 million, costing the state Insurance Fund more than $300,000 in lost workers’ compensation premiums. The state Insurance Department says Eagle River Inc., based in the Albany …
A.M. Best Co. has downgraded the financial strength ratings (FSR) to ‘A+’ (Superior) from ‘A++’ (Superior) and issuer credit ratings (ICR) to “aa” from “aa+” for the domestic life and retirement services subsidiaries of American International Group, Inc. Best also …
ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report directly to Richard Pryce, President …
Marsh announced the appointment of Jeff Colburn as UK Leader of its Risk Consulting Practice in succession to George Davies, who has become Head of Marsh UK’s Risk Management Practice (See IJ web site – https://www.insurancejournal.com/news/international/2008/06/17/91035.htm). He will be based …
