Property-casualty insurer Ace Ltd. posted a second-quarter operating profit Monday that beat Wall Street expectations, sending its shares more than 2 percent higher. Ace said net income fell about 27 percent, hurt by a decline in policy sales and realized …
A San Francisco Superior Court judge has ordered that California’s State Compensation Insurance Fund pay approximately 500 employees back-pay for previously instated furloughs of union workers. The state implemented the furloughs in February 2009. “The court finds plaintiffs have made …
Washington bills that establish legal protections for consumers in the wake of future disasters went into effect this week. The flood insurance and states of emergency bills (Senate Bill 5417 and House Bill 1566) require insurers to tell consumers that …
The Independent Insurance Agents and Brokers of Arizona Inc. (IIAB of Arizona) has appointed Steve R. Goble from The Mahoney Group in Mesa, Ariz., as its state national director. Goble replaces Roberta Hoffman, who has resigned to devote more time …
A U.S. health care advisory group and a London-based risk technology research firm share something in common with American International Group’s (AIG) new brand Chartis Insurance: a name. But it’s doubtful they chose the name Chartis for the same reason …
Bailed-out insurer American International Group Inc. rebranded its property/ casualty business under the name Chartis Monday and said it would put the equity for the division into a separate company — key steps toward a sale of at least part …
LIG Marine Managers in St. Petersburg reported that Tommy Bridges has joined the company as chief executive officer of LIG Program Managers. Bridges brings 20 years of workers compensation and longshore knowledge and experience in program development for small to …
The California Legislature has passed the 2009-10 budget, with $24.2 billion in deficit reduction solutions and a $921 million reserve; in total solving a $25.3 billion problem. The bipartisan solution was the product of several months of negotiations and public …
Greensburg, Kan., which was nearly wiped off the map by a tornado two years ago, is famous for having the world’s largest hand-dug well and the world’s largest pallasite meteorite. Now it’s another tourist attraction, not those claims to fame, …
Holborn Corporation, an independent provider of reinsurance brokerage services, has moved its Minnesota operations to new facilities and added two new staff members in the Midwest. Under the continued leadership of senior vice president John McLean, Holborn’s Minneapolis operations are …
