Melville, New York-based managing general agent WKF&C Agency Inc. if offering an expanded coastal wind facility for E&S property lines in four New England states. The expansion adds extra capacity for risks including, restaurants, shopping centers, industrial buildings and and …
You don’t need to get too deep into conversation these days to find out people are afraid. Given changes in business, the economy and government, many individuals feel they don’t know what or who to trust. These changes, I believe, …
Hartford Financial Services Group said on Thursday that CEO and chairman Ramani Ayer, under pressure from shareholders as the 199-year-old insurer struggles with record losses, would retire by the end of the year. The Hartford, Connecticut-based life and property insurer, …
The Association of British Insurers has issued a statement warning that regulators and governments “must not harm other industries, such as insurance, as they deal with the banking crisis.” In a new report, “Restoring Market Confidence”, published ahead of its …
A Michigan man who is challenging the government’s bailout of American International Group has won an early legal victory. U.S. District Judge Lawrence Zatkoff recently refused to dismiss a lawsuit filed in December on behalf of Kevin Murray of Washtenaw …
A former Montgomery, Alabama insurance executive has been sentenced to 12 years in federal prison for mail fraud and embezzlement in his insurance business. U.S. District Judge Myron Thompson imposed the sentence on John Goff and ordered him to pay …
American International Group Inc. is in talks to line up financing to facilitate the sale of its aircraft leasing unit, but it will consider options such as selling some aircraft if it fails to do so, a person familiar with …
According to Aon’s 2009 Marine Insurance Outlook, “ship owners are facing challenging negotiations at 2009/10 renewals as marine insurers seek rates increases on all classes of business.” However Aon’s survey also concluded that “abundant capacity means competitive forces will create …
The UK’s Amlin plc announced that it has entered into an agreement to acquire Fortis Corporate Insurance N.V. (FCI), an important provider of corporate P/C insurance in the Netherlands and Belgium, from the Dutch government for €350 million ($497 million). …
The Arizona Supreme Court has turned away a legal challenge to the state’s budget-balancing move to take $4.6 million paid into a special workers’ compensation insurance fund. The Supreme Court declined to accept jurisdiction of a special-action lawsuit filed by …
