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

Marsh Boosts EMEA Market Relationship Management Team

Marsh announced two new appointments in its Market Relationship Management team (MRM), who will be based in London, and will focus on managing Marsh’s market relationships in Europe, the Middle East and Africa (EMEA). Marsh’s MRM team has overall responsibility …

Report: Japanese Insurers Sompo, NipponKoa to Merge

Japanese non-life insurers Sompo Japan Insurance and NipponKoa Insurance plan to merge, an industry source said, in the second deal in less than two months in a sector struggling with slumping demand and a dwindling, ageing population. Japan’s non-life insurance …

U.S., China Most at Risk from Natural Disasters Linked to Climate Change

A new study, released by the UK-based Maplecroft, has determined that “the increase in both frequency and severity of climate related disasters is increasingly impacting upon developed and emerging economies.” Maplecroft, according to its web site (www.maplecroft.com ) provides quantitative …

Employers Hiring Insurance Professionals in Nevada Headquarters

Reno, Nev.-based Employers has launched an employee recruitment campaign to hire more than 50 professionals at its headquarters. The company’s national expansion and a recently completed acquisition have created a need for additional staff in several specialized areas: information technology, …

Insurance Specialty Group LLC Acquires Wastepac

Insurance Specialty Group LLC has acquired Wastepac, a provider of insurance coverage to the waste hauling and sanitation industry. “Acquiring Wastepac’s expertise in this highly-specialized niche market gives ISG added coverage lines to offer to its over 4000 retail clients …

Mississippi House Passes Ban on Teens Texting While Driving

A bill that has passed the Mississippi House would ban newly licensed teenage drivers from sending text messages from behind the wheel. House members pushing for the texting-while-driving prohibition said inexperienced drivers don’t have the judgment to maneuver in traffic …

Former Missouri Gov. Blunt Claims Immunity From Defamation Suit

Attorneys for former Gov. Matt Blunt are citing executive privilege while asking an appeals court to dismiss a defamation lawsuit by a former staff lawyer. Blunt lost a similar argument before a trial judge last fall, but his latest filing …

Florida Officials Searching For Ways to Back Up Hurricane Fund

The state board that oversees the fund designed to pay homeowner claims in the event of a catastrophic hurricane searched this week for ways to reduce its risk with hurricane season only months away. The Board of Administration, comprised of …

Budget Installment Corp. (BIC) Launches New Website and Extends Business Hours

Garden City, NY, 03/12/09 – BIC is a nationally authorized premium finance company and is a wholly owned subsidiary of Webster Bank, N.A. BIC has been providing commercial premium finance solutions to the insurance industry since 1971. We offer competitive …

Injured Wyoming Workers, Families Get Workers’ Comp Boost

A bill increasing benefits for Wyoming workers injured on the job has been signed into law by Gov. Dave Freudenthal. House Bill 54 addresses workers’ compensation rules that have for years generated complaints from injured workers and some employers. It …