Monthly Archives: <span>February 2009</span>

Starkweather & Shepley Hires Fotopulos

Andrew Fotopulos has joined Starkweather & Shepley Insurance Brokerage Inc. in Providence, Rhode Island as senior vice president. Fotopulos will lead the brokerage’s financial institutional practice. He will focus on providing specialized risk coverage designed for insuring financial institutions and …

New York Fines Zurich $250K over Veterinarians E&O Rates

Zurich American Insurance Co. has paid a $250,000 fine to the state of New York for charging unfiled rates on its errors and omissions policy for veterinarians, according to state regulators. The New York Insurance Department said Zurich entered into …

Rhode Island Judge Asked to OK Club Fire Settlement Plan

Lawyers for the survivors and relatives of the 100 people killed in a nightclub fire almost six years ago asked a judge Friday to approve a formula to distribute proceeds from a $176 million settlement. The lawyers said in court …

Australia Bushfies ‘a Climate Change Wake-up Call’ Say Experts

Weekend bushfires in Australia that killed 173 people are a climate change wake-up call for the public and politicians and a window to the future, experts said on Tuesday. With the death toll still growing from the nation’s deadliest fires, …

Storms Hit France, UK, Switzerland

A storm swept across northern France on Tuesday, cutting off more than 600,000 homes from the power grid, while high winds and gales hit Britain and Switzerland. It was the second major storm to hit France in less than three …

Glencairn Forms Energy Division

The London-based Glencairn, a company within Faber & Dumas, the third-party wholesale insurance broker established by Willis, has announced the establishment of an energy division within the London market and the appointment of Alan Brooks as the Chief Executive of …

Consumers Miss More Debt Payments; Lenders Move to Stem Losses

U.S. consumers are falling further behind on their debt payments even as both borrowers and lenders struggle to keep the debt burden from getting even heavier in the face of a worsening recession and employment picture, a credit bureau executive …

Starting a Business? Go Rural, Think Small

Question: How many people does it take to support an insurance agency? Answer: At least 1,089. One to run the agency and 1,088 townspeople. The population required to support different businesses varies greatly but insurance agencies have one of the …

North Carolina Auto Insurance Companies Seek 1.4% Hike

North Carolina Insurance Commissioner Wayne Goodwin has confirmed that his department has received the annual auto insurance rate filing from the North Carolina Rate Bureau. The bureau, which represents the auto insurance companies writing business in the state, requested an …

Ratings Recap: NEMI, United, swisspartners

Standard & Poor’s Ratings Services has issued a comment on its CreditWatch placement of Norway-based non-life insurer ASA (NEMI). The ‘BB’ insurer financial strength and long-term counterparty credit ratings on NEMI remain on CreditWatch with developing implications, where they were …