Violent storms that tore through the southern Plains on May 10 killed five people and injured dozens more, leaving behind flattened homes, toppled semitrailers and downed power lines. Several tornadoes were reported in Oklahoma and Kansas as the storms moved …
Florida Gov. Charlie Crist may have just received an important nod he needs to be able to sign a homeowners insurance bill headed towards his desk. In a letter, Florida Insurance Commissioner Kevin McCarty is urging Crist to sign the …
Massachusetts has approved a 2.4 percent decrease in workers’ compensation insurance costs, a figure that should reduce premiums by an estimated $22.5 million this year. Originally the Workers’ Compensation Rating and Inspection Bureau, a private, nonprofit organization of Massachusetts workers’ …
The Florida Hurricane Catastrophe Fund is to begin selling $693 million in tax-exempt bonds to help repay insurers for new and reopened claims from 2005 storms. The bonds are secured in part by emergency assessments levied on property/ casualty insurance …
Two former Florida attorney generals will be leading a legal team to represent the state on issues resulting from a runaway oil leak in the Gulf of Mexico. Jim Smith, who was attorney general between 1979 and 1987 and later …
Bermuda-based PartnerRe Ltd. announced today that, Jean-Paul Montupet has been named as Chairman of its Board of Directors, following his re-election as a Director. He replaces John Rollwagen, who was also re-elected as a Director and will remain a member …
U.S. senators Tuesday tried to pin the blame for the Gulf of Mexico oil spill on the companies involved, scrutinizing their safety practices and demanding full compensation be paid for the cleanup. In hearings before two Senate committees, lawmakers accused …
American E&S Insurance Brokers has appointed Bob Grimaldi as the newest broker in its Atlanta branch. Reporting to Branch Manager Jud Hobby, Grimaldi will focus on property coverages with a specialty in layered coastal placements. Grimaldi comes to AES most …
Crump Insurance Services, Inc. has invested in new talent for its Atlanta brokerage location. Terry Sherwin has joined Crump as the Atlanta office leader; and property brokers Alex Duran, Jordan Yoss and Carl Feldhaus have joined the Atlanta property team. …
An investing arm of Goldman Sachs is in the final stages of an agreement to buy AXA’s $1.05 billion stake in Taikang Life, China’s No.4 life insurer, according to sources close to the matter. The auction pitted Goldman against private …
