Monthly Archives: <span>May 2009</span>

Marsh Survey Concludes UK Insurance Rates ‘Continue to Fall’

According to findings from Marsh, “Insurance rates in the UK continued to fall, but at a slower rate, across all major lines of business in the first quarter of 2009.” The figures are based on business placed by Marsh, on …

UPDATE: Cyclone Aila Death Toll up to 168 in India, Bangladesh

The death toll from Cyclone Aila in eastern India and Bangladesh rose to at least 168 on Wednesday, officials said, while heavy rains after the storm caused deadly mudslides and slowed rescue efforts. The toll was expected to rise in …

Greenland Ice Sheet Melt Could Fuel Severe US Sea Level Rise

New York, Boston and other cities on North America’s northeast coast could face a rise in sea level this century that would exceed forecasts for the rest of the planet if Greenland’s ice sheet keeps melting as fast as it …

Administration Debating Powers of Proposed Systemic Risk Regulator

The Obama administration is weighing if a new systemic risk regulator should have the power to conduct on-site examinations of banks, broker-dealers and other market players suspected of posing a threat to the U.S. financial system, a source familiar with …

U.S. Has Paid $1 Billion in Claims to Tennessee Nuclear Workers

The government has paid out more than $1 billion in claims to 9,134 Tennesseans made ill from working in the nuclear weapons facilities at Oak Ridge during the Cold War. The Labor Department announced the latest tally, saying others may …

Florida Gov. Crist Backs Insurance Commissioner McCarty Over Critic

Gov. Charlie Crist has rejected a state senator’s demand to fire Florida Insurance Commissioner Kevin McCarty if he refuses to resign. Crist said that McCarty has done a good job and should stay on. McCarty is jointly appointed by the …

WorkComp Institute Names Long as Agency Services Director

The former workers’ compensation claims manager for Walt Disney World, Teresa Long, has become director of Agency Services for the Institute of WorkComp Professionals (IWCP), a national network of workers’ compensation professionals. Long will be working with IWCP member insurance …

Hub International Acquires Wash.’s Rettenmier Benefits Group

Hub International Ltd.’s Northwest operating unit has acquired the assets of Rettenmier Benefits Group Inc., an Everett, Wash.-based employee benefits consulting and insurance brokerage firm serving businesses and individuals in the Pacific Northwest. Terms of the acquisition were not disclosed. …

Combined Agents Names Management Committee; Adds New Agency

Combined Agents of America LLC (CAA) elected its 2009 management committee and added its 41st member agency. The new 2009 management committee includes: • Chairman of the Board – Bill Bridges, executive vice president of Duncan, Fraser & Bridges, Pampa, …

Top 100 Agencies: Deadline to Submit, June 1

Insurance Journal is on the search for the nation’s leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Now, agencies have three ways to qualify: Top Overall Independent Agencies, Top Commercial …