Missouri Gov. Jay Nixon has signed a bill that makes improvements to the state’s captive insurance laws by simplifying the process of moving offshore captive operations to Missouri. House Bill 577, an omnibus insurance bill, makes it easier for Missouri …
The federal Occupational Safety and Health Administration has proposed fines of $104,200 against a New Hampshire steam generating plant following a January fire in which a worker was burned. OSHA says in the incident, pressurized oil ignited after leaking from …
The Travelers Cos. Inc. named Anne MacDonald as executive vice president, chief marketing officer. MacDonald will have responsibility for the company’s marketing, brand management and advertising strategy, and she will serve on the company’s management committee. The appointment is effective …
U.S. property/casualty insurer Chubb Corp posted a higher quarterly profit on Thursday, beating Wall Street expectations, as investment gains and lower underwriting losses offset declining policy sales. Second-quarter net income rose nearly 18 percent to $551 million. “These results were …
A judge has awarded $749,000 to the estate of a World War II veteran who lost much of his vision during a surgery at the U.S. Department of Veterans Affairs medical facility in Jackson, Mississippi. Charles West died May 8, …
Lloyd’s announced the opening of a new office in Dublin, Ireland. Lloyd’s Chairman Lord Levene, who presided at the ceremony to open the new facility, indicated that its establishment illustrates the market’s confidence in the Irish economy, despite the effects …
Legislators have agreed to alter a North Carolina law that allows scorned spouses to sue and collect damages for stolen affection and adultery. The House voted 63-48 last week to give final legislative approval to a three-year time limit on …
Allstate Insurance will close its Mississippi phone-claims center by Oct. 30, eliminating 63 local jobs. The claims center in Ridgeland has been in operation for about 30 years. Allstate spokesman Mike Siemienas says 33 positions will be moved centers in …
The Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders for the 2009 second quarter at $152.1 million, or $2.43 per share, compared to $192.3 million, or $2.92 per share, for the 2008 second quarter. For the …
The Association of British Insurers (ABI) has issued a bulletin to coincide with the start up of the UK’s National Pandemic Flu Service. The bulletin notes that the UK’s “travel insurance industry has confirmed that, in the absence of written …
