Bermuda-based Allied World Assurance Company Holdings announced today that it has joined forces with red24™, an independent, global security consultancy firm. The tie up will enhance Allied World’s new ForceField(SM) Kidnap & Ransom/Extortion coverage. The bulletin, explained that “red24 will …
The world’s attention has been focused on the plumes of ash that continue to rise into the sky from the Eyjafjallajökull volcano in Iceland. The microscopic grit in the ash cloud poses an ongoing threat to aircraft, and has caused …
Somali pirates have seized a Liberia-flagged and Greek-owned ship with 24 people aboard in the Gulf of Aden, officials said on Wednesday. The ship, managed by Eurobulk Ltd and named Eleni P, was carrying iron and sailing from Ukraine to …
Zurich, a property/casualty insurance provider, has added six people to its underwriting staff in its Southwest region offices. They are: Matt Sweesy has been brought in to lead expansion efforts in the Strategic Risk Solutions business. He is relocating from …
The National Council on Compensation Insurance Inc. (NCCI), the largest provider of workers compensation and employee injury data and statistics in the nation, has elected John Schapperle, president and chief operating officer of Island Insurance, to its board of directors. …
The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle that has …
Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has formed Alteris, Inc., a services provider for managing general agencies. Alteris will offer managing general agencies and carriers in the U.S. a range of services …
A jury in Las Vegas ordered two drug companies to pay a combined $500 million in punitive damages in the first of hundreds of civil cases stemming from a hepatitis C outbreak two years ago. The Clark County District Court …
As workers’ compensation premiums continued to decline in 2009, the combined ratio jumped nine points in 2009. According to recent report on the state of the workers’ comp market, the combined ratio rose to 110, compared to 101 in 2008. …
Stubbornness, aggressive behavior and forgetfulness could be clues that an aging motorist may need to curb their driving, according to the Insurance Information Network of California. IINC is advising the insurance industry that identifying early warnings could save a life. …
