The U.S. government Tuesday banned hand-held “texting” by drivers of large commercial trucks and buses to avoid the danger of distracted driving. Transportation Secretary Ray LaHood said in a statement the prohibition takes effect immediately. It follows a similar ban …
A U.S. bailout watchdog has launched two new investigations into the New York Federal Reserve Bank’s actions on insurer AIG’s disclosure of payments to banks after its 2008 rescue, excerpts of prepared congressional testimony showed on Monday. Neil Barofsky, the …
American International Group Inc. has given employees of its Financial Products unit until Tuesday to accept a cut in money owed them under a retention plan in return for an earlier payout, according to proposals obtained by Reuters Monday. The …
Limestone Insurance, Lexington Insurance Agency, Inc., Durrett Insurance and Insuramax have joined Keystone Insurers Group (KIG), bringing KIG’s number of agencies in Kentucky to six. Keystone is the nation’s sixth largest privately-held property/casualty agency. These four firms become part of …
A report from the Association of British Insurers estimates that the floods in Cumbria in the northwestern part of England and parts of Southern Scotland in November have exceeded £200 million ($322 million) [See IJ web site – https://www.insurancejournal.com/news/international/2009/11/23/105496.htm]. The …
American International Group has decided not to sell its aircraft leasing unit, International Lease Finance Corp, the Financial Times said, citing people close to the situation. AIG has realized that it will not reap a big profit from the divestment …
Zurich Financial Services has announced “key enhancements to its Global Risk Assessment Module (GLORAM). The program is designed to assist businesses in coping with their risk management calculations. Zurich described GLORAM as a “fact-based management tool which simplifies the results …
The Intergovernmental Panel on Climate Change has admitted that its Fourth Assessment Report contained an error – in one paragraph of the 938 page document – in asserting that global warming could cause the glaciers in the Himalayan mountain ranges …
Socius Insurance Services Inc., a San Francisco-based management liability and property and casualty insurance wholesaler, has appointed Cynthia A. Zimmerman as vice president in its Miami office. She is charged with new business development responsibilities, focusing on management liability and …
Colemont Insurance Brokers announced that Susan Driscoll has joined the company’s San Francisco office as a casualty broker. Driscoll joined Colemont in 2009 as a casualty broker, and is knowlegable about manufacturing, food processing, technology, property, and construction risks segments. …
