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

More New Florida Property Insurers in Trouble?

Florida insurance regulators this week notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license. And the warning to Southern Oak Insurance Co. is just …

China and India Endorse Copenhagen Climate Change Agreement

China and India joined almost all other major greenhouse gas emitters on Tuesday in signing up to the climate accord struck in Copenhagen, boosting a deal strongly favored by the United States. More than 100 nations have now endorsed the …

Swiss Re Estimates Chile Quake Loss at $500 Million; Xynthia $100 Million

Swiss Re released its preliminary estimates for losses from the magnitude 8.8 earthquake that hit Chile on February 27 – $500 million – and from European windstorm Xynthia – $100 million. Both estimates are “net of the benefits of retrocession.” …

U.S. Trade Rep Describes Doha WTO Deal as Doubtful in 2010

The top U.S. trade official expressed doubt Tuesday that negotiators could reach a deal this year in long-running world trade talks despite a goal set by President Barack Obama and other leaders. But in remarks at the National Press Club, …

EPIC Names Two Principals in California

EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has added Beth Ward as a senior principal in its San Francisco office, and Bruce Norris as a principal in its San Mateo, Calif., office. Ward …

Woodruff-Sawyer & Co. Names McCable VP in Employee Benefits Practice

San Francisco-based Woodruff-Sawyer & Co.named Jim McCabe a vice president, producer in the Employee Benefits practice. He will focus on supporting clients with an emphasis on strategic planning, financial analysis, employee engagement and client advocacy. McCabe has nearly 30 years …

Oregon Work-Related Injuries, Illnesses Decrease

Oregon’s private sector workers suffered work-related injuries and illnesses at a rate of 4.6 percent for every 100 full0time employees in 2008, the most recent year for which data is available. According to the state Department of Consumer and Business …

Ironshore Releases Site Pollution Liability Program for Medical Facilities

Ironshore Inc. has introduced an environmental insurance program to help healthcare facilities manage environmental liability exposures and curtail restitution expenses. Ironshore’s Environmental Insurance division will provide coverage for a broad range of site pollution exposures, including mold, legionella, hazardous spills …

A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States

National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …

Zurich, Sonoma Risk Insurance Design Plaintiff Litigation Insurance

Zurich and Sonoma Risk Insurance Agency are now offering an attorneys’ fees insurance program in the U.S. called Plaintiff Contract Litigation Insurance (PCLI). This new PCLI program is designed to insure plaintiffs in contractual lawsuits against the risk of paying …