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

Torus Names Trimble as Head of Domestic Excess Casualty Division

International insurer Torus Insurance Ltd has appointed Linc Trimble as New Jersey-based head of the company’s excess casualty division. Trimble will oversee a country-wide growth strategy for Torus, and build a regional infrastructure across the United States. He has held …

Ratings Recap: Everest Re (Notes), Int’l. Hannover, China Int’l., Transmonde

Standard & Poor’s Ratings Services said that its ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc. (both rated ‘BBB+’ with a stable outlook), as well as the ratings on the company’s …

Minico Offers Select Agent Program for Independent Insurance Agents, Brokers

Phoenix-based MiniCo Insurance has an expanded benefits program for independent agents and brokers who write a larger volume of business with the company. Those with at least four in-force policies with MiniCo Insurance qualify as Gold Select Agents. Platinum Select …

Name That Group – Economic Crisis Could Revive 19th Century Pastime

In the 19th century fashionable British gentry became discontented with the common Anglo-Saxon names for various groups of animals – herds, for farm animals – flocks, for birds – schools, for fish and packs for predators. They weren’t deemed “poetic” …

Canon Insurance Releases New Earthquake Facility

Canon Insurance Service has added a new in-house earthquake insurance program to its specialty coverages. The expanded coverage can be written anywhere in California, with Canon retaining full authority to quote and issue policies. This is for commercial property including …

California Supreme Court to Review Pollution Liability Insurance Case

The California Supreme Court has granted review of State of California v. Continental Ins. Co. (2009) 170 Cal.App.4th 160 [Fourth Dist., Div. Two]. In a prior proceeding in federal court, the State of California was ordered to pay for the …

Ironshore Names Kostro as Vice President of New Underwriting Unit

Bermuda-based Ironshore Inc. has appointed Susan Kostro as vice president in charge of running its newly created Program underwriting facility. Kostro, who will be based in Boston, will develop and manage Program business, working in conjunction with program administrators across …

Minnesota Foundation Donates $1 Billion to Fight Climate Change

Minnesota’s largest private foundation is contributing $100 million toward a $1 billion initiative by several large foundations to fight climate change. McKnight Foundation President Kate Wolford says the coordinated strategy is unique but necessary. She says that without immediate action …

Michigan Lawmakers Seek to Change Drug Maker Liability Law

Michigan House Democrats again are trying to change Michigan’s law shielding prescription drug makers from legal liability if their product was approved by the Food and Drug Administration. A House committee approved bills by 10-5 and 9-5 votes this week …

Fired Michigan Salesman Sues, Claiming Weight, Age Bias

A 61-year-old Bloomfield Hills, Michigan man has sued his former employer, claiming he was fired from a $75,000-a-year salesman’s job because of his waistline. But the employer says Patrick J. Ronayne was let go because of his performance, not his …