Legislation intended to clarify the regulation of the surplus lines insurance industry in Florida has reached the desk of Gov. Charlie Crist. Crist has until June 16 to sign the bill (HB 853), which the industry hopes and expects he …
American International Group, Inc. (AIG) has named Eric Martinez, Jr. as chief executive officer of United Guaranty Corp. (UGC). UGC, based in Greensboro, North Carolina, is a provider of mortgage guaranty insurance. Martinez succeeds William V. (Billy) Nutt, who has …
Mississippi Insurance Commissioner Mike Chaney has delivered a $2 million check targeted for the state’s general fund. The money, derived from fees paid by the surplus lines insurance industry, will go to the Department of Finance and Administration for deposit …
An insured who voluntarily agrees to pay a settlement that is not dictated by a jury verdict cannot sue its insurance company for bad faith failure to defend, even if the settlement is within the policy limits, the Georgia Supreme …
Search planes scoured the dark waters of the Atlantic Ocean early Tuesday, looking for the remains of an Air France jetliner that disappeared in a severe storm with 228 people on board. The Airbus A330 went missing on a flight …
Lloyd’s CEO Richard Ward, in a speech given to a meeting in Tokyo of the Geneva Association, the organization for the study of insurance economics today, called for insurance to play a bigger role in providing vital financial assistance to …
Insurance Australia Group Limited (IAG) has confirmed that it currently expects to pay between A$25 million and A$35 million (US$20.2 to $28.3 million) to customers affected by the recent storms in south-east Queensland and Northern New South Wales. Its operating …
Cincinnati Financial Corp. today announced that its lead property casualty insurance subsidiary, The Cincinnati Insurance Co., appointed Moody Insurance Agency in Denver as the first independent agency in Colorado to market its business insurance policies and services. Cincinnati Insurance executives …
San Francisco’s ISU Group named Steven C. Pearson as the new president of its operating company, ISU International. Pearson joined ISU Group in 2004 and has managed its retail insurance agency, ISU Insurance Services of San Francisco. In 2007, a …
Aon Consulting Worldwide, the global human capital consulting organization of Aon Corp., announced that Dany Mathieu has joined the Global Benefits practice as vice president, serving clients based in the Americas. Mathieu brings more than 18 years of experience in …
