Bermuda-based Validus Holdings, Ltd. announced today that it is expanding its business into Technical Lines Property insurance through the creation of Validus Underwriting Risk Services Inc. (VURS), a managing general agency based in New York. Validus named David Hawksby as …
Julie Savage, senior vice president/branch manager of Heritage General Agency, recently announced that Brian Kelly has joined her Irvine office as vice president. Kelly will report directly to Savage and will be responsible for expanding HGA’s wholesale brokerage practice and …
Clancy Marie Johannsen has been promoted to branch vice president of the El Segundo, Calif., office of Insurance Specialty Group, LLC ‘s Professional Liability Group. Frederick J. Fisher, executive vice president and director of ISG’s Professional Liability Group, said that …
There has been no rush to the courthouse yet by Bernard Madoff’s angry investors, but a wave of legal action could be on the way as their lawyers spearhead private investigations into the suspected fraud. A little more than a …
U.S. insurers and actuarial firms increasingly are outsourcing, offshoring, and importing actuarial talent from abroad, industry experts report. They are also learning that good management practices and an understanding of foreign cultures are keys to successful implementation of these outsourcing …
Navigators Management Co. has established Navigators Environmental, a new business unit that will focus on underwriting specialized environmental insurance products on a global basis. Adrien Robinson has joined Navigators as vice president and Environmental Practice Leader, and will be located …
U.S. District Judge Lee Rosenthal in Houston has been called upon to rule if Great American Insurance Co. is acting within policy and contract language and in accordance with the required utmost good faith in asserting that it does not …
Oregon doctors have won a major dispute with insurance companies over worker compensation billing. The state Workers Compensation Division has issued a permanent rule forbidding insurers from unilaterally taking discounts on medical bills unless the provider agrees. The new rule …
California State Insurance Commissioner Steve Poizner is under fire from his predecessor and a consumer group for proposing regulation changes that they say would increase rates for automobile, homeowner and most other kinds of coverage by millions of dollars. The …
The rains have subsided and now residents of Oahu and Kauai are cleaning up and assessing the damage from last weekend’s downpours. Ray Lovell, state Civil Defense spokesman, said personal property damage on Oahu alone was estimated at roughly $1.6 …
