Lloyd’s opened its office in Brazil on Thursday, April 16, a year after receiving approval from the Superintendence of Private Insurance (SUSEP) to become the first admitted reinsurer in the country. Lloyd’s Brazil, located in Rio de Janeiro, “will allow …
The U.N. Climate Panel [www.ipcc.ch] says seas could rise by 18-59 cms (7-24 inches) by 2100, without taking account the possible acceleration of a melt of ice sheets in Antarctica or Greenland. Even a small thaw of Antarctica and Greenland …
The world’s forests are at risk of becoming a source of planet-warming emissions instead of soaking them up like a sponge unless greenhouse gases are controlled, scientists said. Deforestation emits 20 percent of the world’s carbon dioxide when people cut …
The Idaho Senate resurrected a bill to reform how the State Insurance Fund pays dividends to its workers compensation policy holders, but this new version won’t affect a lawsuit alleging the fund’s managers have stiffed small policy holders since 2003. …
Democratic legislators in Colorado are offering an alternate package of budget cuts to avoid eliminating $300 million in funding to state colleges and universities, according to plans obtained by The Associated Press. The House Appropriations Committee on April 15 delayed …
The Arizona Chapter of the CPCU Society (Chartered Property Casualty Underwriters) is sponsoring scholarships to be awarded to graduating high school students and college/university students currently taking insurance courses and/or with an interest in or affiliation with the insurance industry. …
Michigan’s insurance regulator has ordered a Wisconsin-based managing general insurance agency, Vanguard Insurance Placement Inc., to immediately stop doing business in Michigan. According to the Michigan Office of Financial and Insurance Regulation (OFIR), the agency violated the Michigan Insurance Code …
The Combined Group now offers a fully automated service for CNA Connect™’s Policy. Combined’s Agent Direct Express™ and Quantum’s Real Time Express™ service offerings now enable agents to quote rates, place binding coverage in force and receive direct commissions, all …
Rutherfoord has the appointed Robert A. Yarbrough to its Atlanta office. Yarbrough will serve as vice president, surety manager, and will oversee the surety business for the Atlanta office. Yarbrough is a former vice president for BB&T Insurance and has …
Los Angeles-based the Farmers Insurance Group of Companies has announced it will acquire American International Group’s (AIG’s) Personal Auto Group, which includes 21st Century Insurance Co. The acquisition price is $1.9 billion, subject to post closing adjustments. The possibility of …
