Three powerful tornadoes touched down in Arkansas on March 10, damaging homes and injuring at least four people, Risk Management Solutions (RMS) has reported. According to National Weather Service, the first of the three tornadoes occurred on March 10 at …
The Oklahoma Senate has passed a bill aimed at worker’s compensation system reform, SB 1973, sponsored by Senate President Pro Tem Glenn Coffee. Provisions of SB 1973 include: Decreases the number of Worker’s Comp Court judges from 10 to 8; …
California Earthquake Authority CEO Glenn Pomeroy testified before the U.S. House of Representatives Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, in support of H.R. 2555 (specifically Title II), a bill that …
Parker Holt has joined the Austin, Texas, office of independent insurance and financial services brokerage firm Higginbotham & Associates as vice president. He is a property/casualty insurance broker and risk consultant for middle to large commercial business with concentrated experience …
Richfield, Ohio-based National Interstate Insurance Company reports it experienced significant expansion in its Alternative Risk Transfer (ART) component in 2009. The company added 114 companies to its group captive programs, bringing the total to 384 companies at year end. During …
Senator Christopher Dodd said Thursday that he will present on Monday his own version of a financial reform bill after compromise talks with Senate Republicans broke down. Dodd, the chairman of the Senate Banking Committee, said he will present the …
Zurich Financial Services Group has appointed Pascal Perritaz (37, Swiss citizen) to the position of Chief Financial Officer Asia-Pacific and Middle East (APME), effective April 1, 2010. He replaces Iain Howie, who has been appointed CFO Zurich Australia. Perritaz will …
Fitch Ratings hosted a teleconference today, March 11 on the performance of China’s life and non-life insurance sectors. A replay of the conference is expected to be posted soon on the rating agency’s web site at: www.fitchratings.com. In an announcement …
The number of overall traffic fatalities reported at the end of 2009 reached the lowest level since 1954, declining for the 15th consecutive quarter, the U.S. Department of Transportation reported. According to early projections, the fatality rate, which takes into …
Health and Human Services Secretary Kathleen Sebelius ratcheted up the pressure on health insurance companies Wednesday, urging them to forgo short-term profits to make coverage more affordable and to stop fighting the Obama administration’s reform effort. She told a health …
