May 22, 2009
Florida-based American Strategic Insurance Corp. (ASI) has entered the South Carolina marketplace and is offering homeowners’ insurance coverage for coastal property owners through independent agents. “As the Department continues to pursue comprehensive coastal property insurance reform initiatives, the addition of …
May 22, 2009
With its acquisition in early 2009 of the international businesses of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property casualty insurance claims adjusting and risk management firm …
May 22, 2009
The Obama White House this week undid a Bush administration policy that used federal regulations to undermine various state health, safety and environmental laws. Many of the federal regulations limited the ability of injured consumers to sue companies in state …
May 22, 2009
Two eastern Kentucky insurance agents and an agency employee have been ordered to pay fines, serve probationary sentences and perform public service work on their guilty pleas in a fraud case. The sentences were given to CS&W Insurance Services owner …
May 22, 2009
Federal legislation designed to streamline licensing for insurance agents and brokers operating in multiple states has been reintroduced in Congress. The legislation (HR 2554), the National Association of Registered Agents and Brokers Reform Act of 2009, or NARAB II as …
May 22, 2009
The European Union’s trade commissioner ruled out on Friday finalizing a strategic pact with Russia before it joins the World Trade Organization and warned Moscow against introducing new protectionist measures. “WTO accession paves the way to the broader free trade …
May 22, 2009
The Orange Empire Chapter of the Chartered Property Casualty Underwriters (CPCU) Society recently elected its 2009-2010 officers. The Chapter serves about 300 members who live and/or work in the Orange, Riverside and San Bernardino counties of California. The incoming new …
May 21, 2009
American International Group, Inc. (AIG) announced today that Chairman and Chief Executive Officer Edward M. Liddy intends to step down once the board finds replacements for him. Liddy has recommended that the chairman and CEO roles be separated and, according …
May 21, 2009
Hiscox, an international specialist insurer, opened an office in Miami in an effort to further expand its U.S. operations. The Miami office, which is located in the heart of the Brickell area, will serve as an on the ground presence …
May 21, 2009
The Chubb Group of Insurance Cos. named Stuart A. Spencer as chief operating officer of Worldwide Accident & Health, effective June 1. He will report to Andrew A. McElwee Jr., executive vice president of Chubb & Son and chief operating …