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

Starr Marine – Starr Indemnity & Liability Announce Servicing Agreement

Starr Marine Agency, an indirectly wholly owned subsidiary of C. V. Starr & Co., Inc., and Starr Indemnity & Liability Company, an indirectly wholly owned subsidiary of Starr International Company, Inc., a private investment holding company, have announced an agreement, …

Pahl to Head Willis’ German Operation

Willis Group Holdings has announced the appointment of Mathias Pahl as CEO of its German operation. He will be based in Frankfurt and will report to Adam Garrard, CEO, Willis Continental Europe. Pahl succeeds Ralf Geck who is retiring. Pahl …

2009 California, Washington Wildfire Activity Predicted To Be Above Normal

Northern California, where nearly a million acres burned last summer, is poised to possibly be another hotspot for wildfire activity in 2009, according to the Fire Season Outlook released by the Predictive Services group at the National Interagency Fire Center. …

Tennessee Court Rules Homeowners Policy Doesn’t Cover Sons’ Shootings

A homeowners insurance policy does not cover damages from a fatal sniper attack by the sons of the policyholders, the Tennessee Court of Appeals ruled. The court ruled that a policy exclusion barring coverage for damages “reasonably expected or intended” …

Union General Insurance Offers Health and Exercise Clubs Market

Available to California agents, Union General Insurance of Concord, Calif., has an “A+” rated carrier offering general and professional liability coverage for health spas, exercise salons, fitness centers specializing in aerobic and dance exercise, and health clubs. Coverage is available …

Insurance ‘Relatively Unaffected by Recession,’ Boasts Berkshire’s Buffett

Being a big insurer will cost Berkshire Hathaway Inc. dearly when severe catastrophes strike, but it is a good place to be in the midst of an economic downturn, Chairman Warren Buffett said. “We are lucky,” said Buffett, as he …

Buffett Criticizes Bank Stress Tests; Eyes Insurance for Flu Pandemic

Warren Buffett criticized the government’s stress tests of 19 large U.S. banks, and said he would buy more shares of three big banks in the portfolio of his Berkshire Hathaway Inc. Buffett also told reporters on Sunday that Berkshire, which …

Fireman’s Fund Insurance Offers Equipment Breakdown Coverage in Washington

Security systems, central heat and air conditioning, lighting systems, and the “smart” computer systems that regulate them are just a few necessities supplied by equipment that is susceptible to breaking down. That’s why Fireman’s Fund Insurance Co. is offering homeowners …

Nevada DMV Insurance Verification Contract Questioned

Former Nevada Assembly speaker and current lobbyist Richard Perkins is pushing a bill to require the state Department of Motor Vehicles to contract with a private company to verify motorists’ automobile insurance. Under AB504, only one company would qualify for …

Indiana Legislation Penalizes ID Thieves

An Indiana bill that would strengthen protections against identity theft is poised to win final approval from the Indiana General Assembly and move to the governor’s desk. House Enrolled Act 1121, the identity-theft protection legislation, already has passed once in …