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

U.S. Trade Chief Urges China to Lower Barriers

Potential Chinese moves to lower trade barriers could be as important as exchange rate reforms in easing economic strains with the United States, Washington’s top trade negotiator said as the two powers entered a second day of talks. Senior officials …

Insurers Gain Access to Detailed UK Ordnance Survey Maps

“Ordnance Survey (OS) data is now publicly available for free, giving insurers access to crucial information to aid risk assessment,” states a bulletin on the Lloyd’s web site (www.lloyds.com). Making the detailed maps available to the industry marks the end …

James to Succeed Byrne as Flagstone Re Board Chairman

Flagstone Reinsurance Holdings announced from its Luxembourg headquarters that Mark Byrne has decided to step down as Chairman of the Board of Directors. He will, however, continue to serve as a non-executive member of the Board of Directors of the …

Mountain West Offers EPL Product in Arizona

In today’s workplace, 60 percent of employers will eventually face a lawsuit related to alleged unlawful employment practices, according to Jury Verdict Research. These cases pose a financial risk to any business. Defending a wrongful termination or discrimination claim – …

Charitable Group Plans to Honor Ex-AIG Head Greenberg

A major industry foundation is planning to recognize former AIG chief and current C.V. Starr CEO Maurice “Hank” Greenberg. The Insurance Industry Charitable Foundation (IICF) said it will present Greenberg with its “Double I Award” – for influence in the …

Insurance Agent Appointed to Texas Sunset Advisory Commission

Texas House Speaker Joe Straus of San Antonio has appointed Rep. Larry Taylor, an insurance agent from Friendswood, to the state’s Sunset Advisory Commission. Taylor, who serves on the House Committee on Insurance and the House Committee on Ways and …

Vertafore Real Time Use by Agencies Up 56%; Savings Put at $20 Million

A leading insurance agency technology vendor says that real time transactions by independent agencies using its systems have skyrocketed 56 percent so far in 2010 over last year. Vertafore reported that its agent-carrier connectivity products, TransactNOW, PL Rating and Sircon, …

Jones to Lead VGM Insurance Upon Spragle’s Retirement

John Spragle has announced his retirement as president of Waterloo, Iowa-based VGM Insurance effective July 1, 2010. Tom Jones is slated to take over as president of the company upon Spragle’s retirement. Jones has expertise and familiarity with the Durable …

New Flood Maps Put More Kansas Residents in Flood Plain

Officials Harvey County, Iowa, say some residents may need to buy flood insurance under new federal maps of the area’s flood plain. Scott Davies, director of the Harvey County Planning and Zoning, says 270 residents of unincorporated areas may be …

Masiello Opens Seacoast New Hampshire Office

New Hampshire-based Masiello Insurance Agency Inc. has opened a Seacoast office in the Granite State. The Hampton office, which serves both southern Maine and eastern New Hampshire, is operated by Joe Frechette — a former state legislator — and Jamie …