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

West Virginia Voluntary Fire Units’ Insurance Hikes Raise Concern

West Virginia House Speaker Rick Thompson wants the state to delay workers’ compensation premium increases for volunteer fire departments. BrickStreet Mutual Insurance Co. announced the premium increases in May. Thompson says he’s concerned that many volunteer fire departments can’t afford …

How New Independent BP Claims Process Should Work

The White House offered an explanation Wednesday of how its new independent claims process would work for those harmed by the BP oil spill, including details of a $20 billion escrow account funded by the British oil giant. NEW DAMAGE …

SEC Said to Complete Probe of AIG and Executives

U.S. market regulators have closed an investigation of American International Group and some of its executives over the giant insurer’s near collapse in 2008 that led to a $182 billion government bailout, two sources with knowledge of the matter said …

BrokersLink Network Expands Number of Specialized Service Providers

BrokersLink, one of the world’s largest independent insurance broker networks whose members manage premium volumes in excess of $7 billion, has added six new international specialized service providers. “The new additions bring the total membership to 64 companies operating from …

EU Leaders Meet to Work on Ways to Prevent New Debt Crises

European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis. Leaders of the 27 member states and …

Flash Floods Take 20 Lives in Southern France

A series of heavy rainstorms has caused rivers and creeks in southern France to rise to unprecedented levels. Flash floods have swept away cars and houses, and directly caused the deaths of at least 20 people, with the toll expected …

FSA Chairman Comments on UK Gov’ts Plans for Regulatory Reform

A bulletin from the UK’s Financial Services Authority (FSA) indicates that its Chairman, Lord Turner, has “welcomed the changes to financial regulation outlined by the Chancellor of the Exchequer in his Mansion House speech this evening, and Hector Sants’ [the …

Utah Chartered Property Casualty Underwriters Chapter Installs Officers

The Utah Chapter of the Chartered Property Casualty Underwriters has installed officers for the 2010-2011 term. Officers include: President Melanie Hamilton of Hamilton Insurance Associates Inc. in Salt Lake City; Vice President Glen Kuball of the Workers Compensation Fund located …

EPIC Adds Downey in San Ramon Programs Group

EPIC (Edgewood Partners Insurance Center) has added Cheryl Downey as a senior vice president in its San Ramon, Calif.-based Programs Group. She has more than 25 years of experience in commercial property and casualty insurance with a specialty in hospitality …

Irwin Siegel Agency Expands Youth Focused Insurance Program

Irwin Siegel Agency, Inc. (ISA) has expanded their youth focused insurance program to include at risk youth, alternatives to incarceration, and youth intervention services. This comprehensive insurance package is tailored to programs that follow a behavior based model and have …