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

Florida Sweep Nabs 19 Suspects in Staged Accident Fraud

Florida officials say a statewide sweep of staged accident scammers last week resulted in the arrest of 19 suspects, including arrests in Ft. Myers, Miami, Orlando, Pensacola, Tampa and West Palm Beach Florida CFO Alex Sink said that since July …

South Carolina Asked to Extend Immunity for Planned Fires

Nearly a year after the state’s worst wildfire, forest managers and landowners have asked legislators to give them more protection from lawsuits when they intentionally set fires to reduce debris that could fuel wildfires and inadvertently damage property. Forestry experts …

West Virginia Lawmakers Approve Insurance Liens for Cities

Lawmakers have signed off on allowing West Virginia’s cities and towns to tap insurance proceeds when clearing away buildings destroyed by fire. The Senate has sent Gov. Joe Manchin his proposal to allow municipalities to file insurance liens. The House …

Lonmar Global Risks Launches in London

Lonmar Global Risks was officially launched at the end of last week, as a new and independent broker operating globally from its London base. The company formerly traded as SBJ Global Risks. Its re-branding as Lonmar Global Risks is “focused …

Young Agents Survey: Why Agents Stand By Their Career Choice

Most enter the insurance business by accident but for young independent insurance agents, the decision to stick with insurance as a permanent career is a matter of choice. A healthy 84 percent of young insurance agents say they consider insurance …

PartnerRe Prices $500 Million Sr. Notes: S&P Assigns ‘A’ Rating

Bermuda-based PartnerRe Ltd. announced that it has priced, through its indirectly wholly-owned subsidiary PartnerRe Finance B LLC, $500 million of 10-year fixed rate 5.50 percent Senior Notes, pursuant to its currently effective shelf registration statement. “The Senior Notes will be …

Rivaz to Take Over from Kramer as Ariel Holdings CEO

Bermuda-based Ariel Holdings Ltd. has announced the appointment of George Rivaz as Chief Executive Officer. He “succeeds Don Kramer, the long-time insurance deal-maker who was instrumental in founding Ariel and who will continue to serve as non-executive Chairman of the …

West Virginia to Create Electronic Auto Insurance Verification System

West Virginia lawmakers want to give police and the courts an easy way to verify whether a driver has required liability insurance. The House has approved a measure previously backed by the Senate to instruct the Division of Motor Vehicles …

Windstorm Xynthia Losses Near $2 Billion: EQECAT Update

Strong Quake Rocks Central Japan

A strong earthquake hit off the eastern coast of central Japan on Sunday, rattling buildings across a broad swath of the country, including the crowded Tokyo capital. There were no immediate reports of damage or casualties, and the government said …