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

El Nino to Influence Climate to Midyear

The El Nino warming the Pacific Ocean since June has peaked, but is expected to influence climate patterns worldwide up to mid-year before dying out, the World Meteorological Organisation (WMO) said Tuesday. However, the United Nations agency said that forecasting …

Lawsuit Alleging AIG Executives Ignored ‘Red Flags’ Dismissed

A Manhattan federal judge dismissed a shareholder lawsuit accusing current and former American International Group Inc. executives and directors of ignoring “red flags,” leading to the insurer’s near collapse and about $180 billion of federal bailouts. U.S. District Judge Laura …

Comparison Shopper AutoInsurance.com Launches

Online Auto Insurance, LLC released its public auto insurance rating engine, http://autoinsurance.com/ which is available nationally. AutoInsurance.com gives consumers access to quotes from a variety of insurers based on their public rate filings, but has fewer favored insurers from which …

Irish Financial Woes Dominate Discussion, Country’s #2 Insurer Taken Over

The European Insurance Forum, held in Dublin Monday and Tuesday, was dominated by the fiscal crisis that has hit Ireland particularly hard. Although the country’s insurance industry remains a bright spot in an otherwise fairly bleak landscape, even it is …

The Hanover Expands Management Liability in West; Partners with Law Firm

The Hanover Insurance Group Inc. is expanding the services it provides within its management liability practice. The new services include a partnership with Jackson Lewis, an employment practices and labor relations firm, and the addition of a dedicated team of …

American Claims Management Appoints Randall as Director of Special Investigations Unit & Investigations Department

San Diego, CA, 03/31/10 – American Claims Management, Inc. (ACM), a leading national third party claims administrator, is pleased to announce that Bill Randall will lead ACM’s newly expanded Special Investigations Unit and Investigations Department. “Bill Randall will oversee a …

XL Launches Professional Liability Program for Small Architects, Engineers

XL Insurance has unveiled XLsmartADVANTAGE, a specialized professional liability insurance program specifically designed for small architectural and engineering firms. “The $11 billion Design Professional industry is largely driven by small firms nationwide with approximately 87 percent of all A/E firms …

Montgomery Offers Commercial Fleet Technology Service in Florida

Montgomery Insurance, a Liberty Mutual Group regional operation, is now providing Onboard Advisor for commercial fleets in Florida. Onboard Advisor is a fleet management solution that helps companies increase fleet safety and productivity, save on commercial auto insurance premiums, and …

Lexington Introduces LexNanoShield for Nano Technology Companies

Lexington Insurance Co., a Chartis company, has released LexNanoShield, an integrated insurance product and array of risk management services designed for manufacturers of nanoparticles or nanomaterials, or firms using them in their processes. LexNanoShield includes protection for general liability, product …

Idaho Facing New Form of Insurance Fraud

The Idaho Department of Insurance is warning the public of a new form of insurance fraud. According to the department, following the recent passage of the health care reform bill, a new scam has emergend in which consumers are being …