May 13, 2009
Safety National has opened regional underwriting office in New York, and has tapped industry veterans Sharon Herschlag and Dennis Zervos as regional underwriting managers. The company says the new office builds on its plans to bring underwriting capabilities closer to …
May 13, 2009
The training and behavior of the pilot and first officer in the worst U.S. air crash in more than seven years are prominent on the agenda of an unusual three-day safety hearing that began yesterday. All 49 people aboard Flight …
May 13, 2009
Maryland fire investigators have ruled that a recent gas explosion at a strip mall was accidental. Officials say Thursday’s explosion at the Penn Mar shopping center in Forestville was due to a buildup of natural gas. They say insurance investigators …
May 13, 2009
Four fires — three considered suspicious — have kept firefighters busy in Berlin, New Hampshire over the past several days. Officials said Berlin has been dealing with chronic arson for the past seven years. WMUR reports some have said that …
May 13, 2009
Marsh’s London office announced that it is undertaking a series of briefings in major cities across England for law firms on how the current economic climate has changed the risk landscape, and to provide an insight on the insurance market …
May 13, 2009
The UK’s Chartered Insurance Institute (CII) has set up a task force of senior general insurance practitioners to drive higher levels of professionalism within the industry as part of its campaign to raise professional standards. The task force will develop …
May 13, 2009
The Bermuda-based Arch Capital Group Ltd. announced that Constantine (Dinos) Iordanou, President and CEO, has been appointed to the additional position of Chairman of the Board, effective November 2009. He will succeed Paul B. Ingrey, who will be retiring as …
May 13, 2009
Dutch banking and insurance group ING reported on Wednesday a much bigger than expected first-quarter net loss of €793 million ($1.085 billion), or 39 €-cents (53.3 U.S. cents) per share, hurt by a sharply weaker insurance business. “Market conditions remained …
May 13, 2009
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 Tuesday. In the past 15 years, …
May 13, 2009
Participants in a major conference in Indonesia this week have a rare opportunity to seek political commitment to utilizing the world’s oceans in the fight against climate change, a top official from the host country said. The World Ocean Conference …