Monthly Archives: <span>February 2010</span>

Marsh Says UK’s Manslaughter Act Heightens Risk Management Need

A bulletin from Marsh’s London office warns Organizations in England and Wales that they must embed “robust health and safety risk management practices or face severe financial and reputational penalties in the event of a successful corporate manslaughter prosecution.” Marsh’s …

UN Plans to Create Science Panel to Review IPCC Findings

An independent board of scientists will be appointed to review the world’s top climate science panel, which has been accused of sloppy work, a U.N. climate spokesman said on Friday. The Intergovernmental Panel on Climate Change (IPCC) has been under …

Allianz 2009 Net Income up 13% at $6.4 Billion

Germany’s Allianz Group posted preliminary figures for 2009, indicating that its net income rose by 13.2 percent to €4.7 billion [$6.4 billion]. Revenues were up up 5.2 percent to €97.4 billion [$132.5 billion]. Life and Health revenues exceeded €50 billion …

RenRe Promotes Durhager to Exec. VP

Bermuda-based RenaissanceRe Holdings announced the promotion of Peter C. Durhager, currently Senior Vice President and Chief Administrative Officer, to Executive Vice President. He will continue to report to Neill A. Currie, the Company’s CEO, and to serve as Chief Administrative …

Former Mass. Commissioner Singer Joins Everest Re Board

The Bermuda-based Everest Re Group announced the appointment of Roger M. Singer to its Board of Directors, effective February 24, 2010. He formerly served as Senior Vice President, General Counsel and Secretary for One Beacon Insurance Group LLC from 1989 …

Arizona Auto Rates Increased 2% in Past 6 Months

The median six-month auto insurance rate in Arizona has increased approximately 2 percent over the past six months to reach $829 according to InsWeb, an online insurance comparison provider. Among the other statistics the provider found were: Men in Arizona …

AIG To Pay $8 Million to Settle Lawsuit Over Oregon Pension Fund Losses

The Oregon Public Employee Retirement Fund will recover losses that were attributable to a pattern of poor disclosure and bid-rigging by insurance giant American International Group Inc. (AIG), under a settlement announced by State Treasurer Ben Westlund and Attorney General …

California AG Subpoenas Health Plans Over Claims Denials and Rate Hikes

Los Angeles-Attorney General Edmund G. Brown Jr., who has an ongoing investigation into possibly illegal practices by some California health insurers, has subpoenaed financial records and other documents from California’s seven largest health insurance companies. “We have been looking at …

Nevada Assembly Rejects Insurance Verification Cameras

Nevada Gov. Jim Gibbons amended his proclamation for the Legislature’s special session to include sweeping reforms to collective bargaining, education, water law — and said lawmakers should be quick about their businesses to plug a $900 million budget hole. The …

Arrowhead Announces Workers’ Compensation & Commercial Division Executive Appointments

San Diego, CA, 02/26/2010 – ARROWHEAD General Insurance Agency, Inc., a leading provider of top rated insurance programs, is pleased to announce executive management level promotions. These changes are effective immediately and will improve operational customer service and efficiency for …