There’s No Crying in Insurance
Hearing Aon, Marsh and Willis complain about a supposed lack of a level playing field is a bit like the Yankees or Red Sox carping about the Royals or Twins. There may be some truth to the complaints aired at …
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Narragansett Bay Insurance Co. of Pawtucket, Rhode Island has named Mark Talerico chief risk officer. Talerico will oversee Narragansett’s distribution of risk in homeowners insurance, and guide the insurers exposure management. Prior to joining Narragansett Bay, Talerico worked as senior …
Storm Edouard Shuts Gulf Coast Oil Port, Disrupts Shipping
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast Monday. Energy companies evacuated staff from offshore platforms due to Edouard, the second …
Munich Re CFO Sees More Writedowns in Third Quarter
Munich Re expects more writedowns on its equity holdings in the third quarter but took account of likely losses in lowering its profit forecast for 2008 last week, its chief financial officer told Reuters. The world’s second-biggest reinsurer roiled markets …
Only 4 Homes Insured in North Dakota Area Hit by Tornado
The number of homes found damaged or destroyed in tornado-ravaged Rolette County in North Dakota continues to rise. The state Department of Emergency Services says 12 homes have been destroyed and 18 have been damaged in Rolla from the July …
Ohio Casualty Offers Farm Business on Commercial IQ in Kentucky, Ohio
Ohio Casualty, a Liberty Mutual Agency Markets regional company, today announced the introduction of its farm line of business (ISO Division Four) on Commercial IQ, its web-based application for quoting and application submission. Agents in Kentucky and Ohio can now …
Arkansas Forestry Commission: Fire Danger High
A tanker airplane has been used to dump water on six different fires in southern and central Arkansas, the state Forestry Commission said Aug. 1, warning that the danger of wildfires is now very high. Sixteen Arkansas counties have imposed …
Wyo. Supreme Court Upholds Workers’ Comp for Widow
The Wyoming Supreme Court has upheld workers’ compensation death benefits for the widow of a man who was paralyzed by a workplace injury and who died years later of pneumonia. David Fisher was paralyzed by an accident while working for …
Bell Joins State Auto Middle Markets in Austin Office
State Auto Middle Markets has added Leticia Bell to its Austin team. Bell will be responsible for executing all underwriting services for SAMMI, including policy design, issuance and delivery of services to Middle Markets/Large Accounts. She brings more than 18 …
Tropical Storm Edouard Heads for Texas/Louisiana Coast
A swiftly developing Tropical Storm Edouard is expected to make landfall very near the upper Texas coast or the coast of southwestern Louisiana by Tuesday, Aug. 5, the National Hurricane Center reported. As of Monday morning, Edouard had sustained winds …
