Monthly Archives: <span>October 2009</span>

Navigant Consulting Appoints Glassman to Board of Directors

Chicago-based Navigant Consulting Inc., a global risk management and financial services consulting firm, has appointed Cynthia A. Glassman to serve an initial term on Navigant’s Board of Directors in the class of directors whose term expires in 2012. Dr. Glassman …

House Panel Advances Bill on Credit Rating Agency Liability

Credit rating agencies would be more tightly regulated and more exposed to lawsuits under legislation approved Wednesday by the U.S. House Financial Services Committee. In another procedural step forward for the Obama administration’s and congressional Democrats’ push for financial reform, …

U.S. Insurance Commissioners Host 13 International Regulatory Interns

The organization of state insurance commissioners welcomed 13 interns from Azerbaijan, China, Egypt, Saudi Arabia, Thailand and Zambia to the U.S. this week. The National Association of Insurance Commissioners (NAIC) has sponsored its International Internship Program for Education and Regulatory …

All in the Family: North Carolina Brother, Sister Charged with Fraud

A brother and sister have been arrested by North Carolina officials on charges of insurance fraud. State Insurance Commissioner Wayne Goodwin reported the arrest of Wanda Nichols Covington, 36, and her brother; Thomas Nichols Jr., 32, both of Lewiston Woodville. …

Scientists Find Cause of Oregon Earthquakes

Scientists say a group of previously unknown faults was behind an odd swarm of earthquakes last year off the Oregon Coast. But just what set them off remains unknown. Oregon State University marine geologist Robert Dziak (ZEE-ack) says the discovery …

Schwarzbach Named Underwriting Vice President for Atlantic Casualty

Brian Schwarzbach has been named vice president of underwriting at North Carolina-based Atlantic Casualty Insurance Co., a member of the Strickland Insurance Group. Schwarzbach has been in the excess and surplus lines industry for 25 years, including the past two …

Two People Injured in New York City House Explosion

New York fire officials say two people have been injured in an explosion that badly damaged a two-story home in the Flushing section of Queens. A Fire Department spokesman says one person was hospitalized with non-life threatening burns and the …

How Software-As-Service Helps Agents Do More With Less

Today, it’s all about doing more with less. But how do insurance agencies increase productivity while decreasing expenses? For many agencies, technology solutions are critical. If the focus in the first half of the year was pulling back, digging in …

Sheffield to Tout Regulatory Role in Georgia Insurance Commissioner Race

Attorney Maria Sheffield has become the latest candidate to enter the Republican primary to be the next insurance commissioner in Georgia. She is one of several candidates hoping to succeed current Insurance Commissioner John Oxendine, who is running for governor. …

AIR Involved in 80% of $2.1 Billion in Catastrophe Bonds Issued in 2009

Boston-based AIR Worldwide Corp. (AIR) reported that it has provided risk modeling and analytical services for over 80 percent of the $2.1 billion of catastrophe bonds issued to date in 2009. AIR said it has been the modeling and calculation …