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

Why Economic, Market Risks of Ash Cloud Are Hard to Measure

Policymakers and markets trying to react to the volcanic gas cloud paralyzing air travel in Europe face a host of variables, unknowns and hard-to-measure risks that make modelling almost impossible. No one can accurately predict what the volcano — or …

Judge: Fraud Case Against Ex-AIG CEO Greenberg ‘Devastating’

New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10 years ago, the presiding judge said in court Tuesday. After four hours …

Worldwide Facilities Names Belgarde VP in Los Angeles

Worldwide Facilities Inc. has announced that Renee K. Belgarde has joined the property division in the Los Angeles headquarters as vice president and broker. Belgarde will be responsible for new business development and servicing the division’s current clients. She will …

W.B. Adams Co. Names Beymer Assistant VP

W.B. Adams Co., a regional independent agency located in the Portland, Ore., area, has announced that Linda Beymer has joined the firm as a producer and assistant vice president. She has more than 20 years of experience in the insurance …

North Carolina Court Upholds 2008 Rate Hikes Opposed by Coastal Towns

The North Carolina Court of Appeals has declined to upset a 2008 agreement between the state’s former insurance commissioner and insurers that hiked insurance rates for some coastal homeowners up to 30 percent and cut them for others in inland …

New York Agents’ Groups Join Forces to Fight Pay Disclosure Rules

The Independent Insurance Agents and Brokers of New York (IIABNY) and the Council of Insurance Brokers of Greater New York (CIBGNY) say they will team up to sue the state over new rules that will require agents to disclose their …

Wood Joins PMA as Assistant Vice President

Pennsylvania-based risk management firm PMA Cos. has hired Sandy Wood as assistant vice president for product management, Managed Care Services. Wood’s responsibilities include leading the design, development, implementation and evaluation of the PMA Cos.’ workers’ compensation medical management programs, including …

Families of 2 Maryland Miners File Wrongful Death Suit

The families of two western Maryland coal miners who died in a 2007 highwall collapse near Barton are seeking $8 million in a wrongful death lawsuit. The families of Dale Jones and Michael Wilt filed the complaint Thursday in Allegany …

Gray to Lead Catastrophe Services for Dallas-based Cunningham Lindsey

Dallas-based independent insurance claims services company, Cunningham Lindsey, has expanded Randy Gray’s leadership responsibilities to include the Catastrophe Division. Gray currently is the vice president of operations for the South Central Region. He will assume responsibility for the Catastrophe Division …

Swann Joins MarshBerry in Dallas

Marsh, Berry & Company Inc. (MarshBerry), a national management consulting and merger and acquisition advisory firm for the insurance industry, has added Ben Swann ascConsultant for its newly formed Dallas division. Swann has more than eight years of experience with …