BB& T Insurance Services of California Inc. announced the appointment of John M. Nielsen as vice president for its San Francisco office. Nielsen, a seasoned insurance professional with more than 15 years of sales and underwriting experience, will be responsible …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Hawaii’s DTRIC Insurance Company Limited, both with stable outlooks. “The ratings,” said Best, “reflect DTRIC’s continued improvement in capitalization, well …
Residents of the Midwest began clearing away wreckage May 9 following a wave of powerful storms that splintered homes, knocked out power to thousands and killed six people. Hundreds of homes and businesses were damaged or destroyed May 8 in …
Iowa Gov. Chet Culver signed into law a measure expanding benefits for police and firefighters who get cancer and some other infectious diseases. Under the measure, the diseases are presumed to be job-related, an assumption that boosts pensions and other …
A federal court jury has returned a $72.6 million damage award against a Dallas-based law firm over a botched patent application involving a safety device designed to help save downed firefighters. The jury returned its verdict against Akin Gump Strauss …
The Obama administration on Monday will propose raising nearly $60 billion over 10 years through changes to the estate tax law and closing certain domestic tax loopholes, an administration official said. Funds raised will go to beef up a health …
Chicago-based Specialty Underwriters’ Alliance Inc. reported that although net income was down in the first quarter of 2009 compared to the same period a year ago, gross written premiums rose to $29 million compared to $24.1 million for the first …
A report from Marsh’s London office warns that “the UK construction sector is failing to fully manage the risks associated with large and complex building projects, which can in turn lead to professional indemnity insurance claims.” Marsh’s warning follows the …
Most insurance professionals detest a soft market due to the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change in underwriting and pricing philosophies. No soft market (or …
Managing general agency J.M. Wilson has added Erin Herson as a property and casualty underwriter in its Portage, Mich., location. In this position, Herson will quote and service commercial P/C accounts. Previously, she was a commercial lines account manager at …
