The Guernsey Financial Services Commission (GFSC) has reported that “although 2009 began a little quietly, applications for insurance licenses have shown a marked increase since April.” Figures from the GFSC show that during the first five months of the year …
Liberty Mutual Group’s Agency Markets business unit announced that one of its member companies, Liberty Northwest, has sold the renewal rights for most of its direct-sold workers’ compensation policies written in Idaho, Montana and Oregon. Going forward, Liberty Northwest will …
According to findings of a survey released today by global management consulting firm Accenture, nearly two-thirds (62 percent) of insurers plan to grow outside of their home market in the next 12 months. The survey queried “more than 100 leading …
Air France has said all its flights using long-haul Airbus jets will be equipped immediately with new speed sensors after last week’s disaster over the Atlantic, a pilots’ union said Tuesday. The pitot tubes that gauge speed have become the …
Some property/casualty insurers might be in for a rude awakening with respect to their reserve practices, according to industry experts. The property/casualty insurance sector’s ability to properly estimate its loss and loss-adjustment expense reserves directly affects its financial strength, noted …
This week’s U.S. Supreme Court ruling that faults state Justice Brent Benjamin for not recusing himself from a case involving a generous campaign supporter may aid a pending review of West Virginia’s court system, but legal experts differ on its …
PartnerOne Environmental, the underwriting division of Virginia-based wholesaler Beacon Hill Associates, says it can now offer workers’ comp coverage in conjunction with general liability or contractors pollution liability Coverage is provided by a group of A+ Rated insurance carriers with …
When Leakesville, Mississippi volunteer firefighter Scottie Holland was injured in January, it could have crippled him physically and financially. “They had been called out to a structural fire. He was pulling the hose, and it got caught on something and …
A marketing executive for the German toy maker Steiff filed an $80 million lawsuit Monday accusing the company’s CEO of raping her in a car during a yearslong campaign of unwelcome advances. Jane Collins’ lawsuit says the company, known for …
Consumer groups said Tuesday they filed a U.S. Supreme Court appeal challenging Chrysler LLC’s sale on the grounds the deal would leave the automaker free of current and future product liability claims. Five consumer groups and three individuals with pending …
