A major earthquake of 7.8 magnitude shook the northwestern coast of the Indonesian island of Sumatra, the U.S. Geological Survey said on Tuesday. A local tsunami watch was in effect for Indonesia, the Pacific Tsunami Warning Center said. “A destructive …
ACE Global Markets made several key appointments to its Trade Credit teams in London and New York. Stuart James has been appointed head of Trade Credit based in London, effective June 1. He will be responsible the performance and development …
American International Group Inc. will pay $9 million to settle an Ohio antitrust lawsuit accusing it of conspiring to fix commercial casualty insurance prices. Ohio Attorney General Richard Cordray had accused AIG and other insurers of conspiring with insurance broker …
Dallas-based insurance and risk management firm, McQueary Henry Bowles Troy LLP (MHBT), announced that Brad Van Winkle has joined its Austin, Texas, office as senior vice president. Van Winkle brings more than 26 years of experience in sales and account …
A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit ratings to “a-” from “bbb” of Producers Agriculture Insurance Group (ProAg) and its members, Producers Agriculture Insurance Company and Producers Lloyds Insurance …
Chicago-based CNA Financial Corporation has appointed new commercial underwriting officers in several branch offices. The following commercial underwriting officers are scheduled to begin their new roles in April: Jamie Gibbins has more than 20 years of insurance experience. She began …
In less than a decade and with little opposition, Chicago has linked thousands of cameras in a network covering most of the city, creating the most extensive and sophisticated video surveillance system in the United States and one that is …
Five insurance and risk management students at the University of Texas at San Antonio have been awarded $10,000 in scholarships from the Insurance Council of Texas (ICT). The UTSA scholarship recipients for 2010 are Su-Whey Hu, Andre Moreira, Casey Passant, …
Addison, Texas-based Affirmative Insurance Holdings Inc., a provider of non-standard personal automobile insurance, announced that Gary Y. Kusumi has joined Affirmative Insurance Holdings Inc. as executive vice president and president of each of the company’s five insurance company subsidiaries. Kusumi …
Central Insurance Companies of Van Wert, Ohio, has promoted Jana L. Ringwald to vice president of Commercial Underwriting for its Central Mutual and All America subsidiaries, and Patrick J. Jackson to vice president and manager of the Central regional office …
