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. And today is the final day to submit your agency! Join the ranks …
New York-based insurer Arch Insurance Group has named David McElroy to its executive management team. He will serve as president of the newly created Financial and Professional Liability Products Group of Arch Insurance’s U.S.-based operations. McElroy is has over 25 …
Markel Corp. introduced a new policy form for information technology professionals. The new InfoPro policy includes: — Professional liability coverage that automatically applies to broadly defined technology services, while retaining the ability to schedule additional services tailored to the insured’s …
A former councilman from Passaic, New Jersey has been sentenced to more than six years in prison after being convicted of corruption. Jonathan Soto will serve 75 months in federal prison. A jury found him guilty in February of extortion, …
Consumer advocates say medical malpractice payouts in New York have dropped the past two years, and they are urging state officials to investigate physician complaints about rising insurance rates and automatically review doctors who make multiple malpractice payments. Data from …
Federal workplace safety regulators are investigating the death of a 20-year-old man at a food processing plant in Fall River, Massachusetts Police say Justin Cordeiro, an employee at Blount Fine Foods, died from injuries he sustained when a container full …
A jury has awarded $750,000 in damages against an assisted living facility in Newport News, Virginia where a former staffer is accused of sexually assaulting a mentally disabled resident. Last week’s verdict came in a lawsuit filed against Cote De …
Bermuda-based Max Capital Group Ltd. has announced that it and IPC Holdings, Ltd. have agreed to pay two cash dividends that deliver $2.50 per share to IPC shareholders following the closing of the IPC-Max merger. The first payment is for …
Risk Management Solutions has completed a new quantitative analysis, which “reveals that a micro-insurance system could be both technically and commercially viable to provide cover against catastrophic earthquake risk in rural China.” RMS explained that “with the appropriate support, micro-insurance …
“Financial institutions did not empower their risk management functions enough to curb the activities of risk takers which played a major role in the near collapse of the international financial system in 2008,” concludes a report from the Economist Intelligence …
