Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the President for …
The New York State Department of Motor Vehicles has approved an online defensive-driving course that will qualify drivers for insurance discounts, according to the company offering the course. The Improv Aware Driver Course, recently approved in New York, was first …
People living in hurricane danger zones could have a long wait — as much as 10 years — for improved forecasts of rapid intensity changes in a hurricane, the top U.S. hurricane forecaster said recently. In the past 15 years, …
Private forecaster AccuWeather.com has cut its forecast for this year’s Atlantic Hurricane season, which begins June 1, to 10 named storms from the 12 it predicted in March. AccuWeather forecast six of the storms will be hurricanes, down from eight …
At the annual conference of the Association of Managing General Agencies (AAMGA) now underway in Boca Raton, Florida, attendees are very much attuned to what’s going on up north in Washington, D.C. What do AAMGA members think about what’s going …
Bank of America Corp. is telling fired employees that they cannot accept job offers from competitors for three months unless they give up either deferred compensation or their right to sue the bank, according to documents reviewed by employment lawyers. …
The Australian navy thwarted an attack by pirates on two merchant ships in the dangerous waters off Yemen, Australian defense officials said Monday. Crew members aboard the MV Dubai Princess raised distress signals Sunday night, claiming pirates were attacking their …
Lloyd’s of London has received an establishment license in Portugal. “The license will allow Lloyd’s underwriters to appoint coverholders to write establishment business in the region. Lloyd’s has now established a branch in Portugal and appointed Juan Arsuaga as Lloyd’s …
An article on the Lloyd’s of London web site (www.lloyds.com) notes that “Lloyd’s Chairman Lord Levene visited Germany last week to speak with insurance and business leaders, as well as the media, on topics ranging from the threat posed by …
Validus Holdings Ltd slightly sweetened its hostile bid for IPC Holdings Ltd. to $1.69 billion Monday, in its latest attempt to wrest the Bermuda reinsurer from rival Max Capital Group. Validus’ new offer of $30.14 per share includes $3 of …
