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

Farmers Insurance Bringing 1,600 New Jobs to Michigan

Farmers Insurance Group of Companies will build two new buildings and add an estimated 1,600 new jobs at its location in Caledonia, Michigan. The company said that the development is attributable in part to an attractive incentives package offered by …

Democrats Eye Health Co-Ops as Health Insurance Option Compromise

With Republicans fighting the idea of a government-run health insurance plan, Obama administration officials said that they are open to a compromise: a cooperative program that would expand coverage with taxpayer money but without direct governmental control. Congress began work …

Aon Launches Risk Financing Decision Platform

Aon Global Risk Consulting announced that it is launching its Risk Financing Decision Platform (RFDP) in Europe “to help save companies up to 15 percent off their total cost of risk and justify the risk financing program to the board.” …

ACE Opens Branch Office in Turkey

the ACE European Group announced the opening of a new branch office in Istanbul, Turkey, as it expands its presence across Central and Eastern Europe. ACE said it has “obtained a letter from Turkey’s Under Secretary of Treasury granting the …

Validus Threatens to Replace IPC Board if Agreement Not Reached

Bermuda-based Validus Holdings, Ltd. Is in the driver’s seat to take over IPC Holdings Ltd., following the rejection by its shareholders of the proposed amalgamation with Max Capital and Max’s termination of its proposal (See IJ web site – https://www.insurancejournal.com/news/international/2009/06/15/101364.htm). …

Retired West Virginia Judge to Replace Benjamin in Massey Retrial

A retired Putnam County judge has been picked to replace state Supreme Court Chief Justice Brent Benjamin on a case involving Massey Energy. Acting chief justice Robin Davis appointed James Holliday on Thursday to serve on the five-member court that …

The Globalized Broker Network

Assurex Global Struck Gold with Partners Around the World Assurex Global Year Founded: 1954 Locations: 500 offices on six continents Employees: 20,000 Annual Premium Volume: $28 billion Annual Revenue: $3.4 billion Assurex Global wasn’t fully “global” until the late 1990s, …

Social Networking for Fun and Profit

Why Agents Should Use Twitter, LinkedIn and Facebook to Build their Brand Whether it’s used to market new insurance products or interface with current clients, social media is transforming the insurance industry landscape — and fast becoming a key tool …

Mystery Surrounds Air France Crash

Liability Claims to Come Could Exceed $1 Billion, Some Experts Predict The tragic disappearance of Air France flight 447 over the Atlantic early on June 1 remains a mystery. The plane’s 216 passengers and 12 crew members perished as all …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …