North Carolina’s current cap for monetary damages it could receive from oil spills would be eliminated in legislation approved last week by a House committee in response to the BP disaster in the Gulf of Mexico. Environmental groups lined up …
BP said the oil spill in the Gulf of Mexico had already cost it $1.6 billion and that it would begin operating an additional mechanism to capture more crude from the leaking well in the coming days. London-based BP said …
President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address …
The National Hurricane Center in Miami has posted a bulletin that it is tracking “a large low pressure system located about 1025 miles west-southwest of the Cape Verde Islands.” The NHC said the system has “changed little during the past …
Marsh Mac’s risk and reinsurance specialist, Guy Carpenter & Company, announced that it has named Liz Flynn as Global Chief Operating Officer. She will be based in New York and will report to Peter Zaffino, Guy Carpenter’s President and CEO. …
Resolution said it was close to buying AXA’s British life insurance arm, kick-starting its plan to consolidate the UK life market and freeing the French insurer up to focus on high-growth Asia. Resolution, set up in 2008 to buy and …
Scottsdale, Ariz.-based Scottsdale Insurance Co. announced the appointment of John E. Goodloe as senior vice president of brokerage. Goodloe has 27 years of experience in the specialty lines, reinsurance and wholesale brokerage business. He most recently served as president of …
As John Lennon and Paul McCartney could tell you, sometimes you just need a little help from your friends. And in the insurance agency business — where building relationships are key to success — that friend often is more than …
Ohioans affected by the tornados that ripped through Wood, Fulton, and Ottawa Counties will be getting some relief when it comes to deadlines for paying their insurance premiums, Ohio Department of Insurance Director Mary Jo Hudson has announced. Director Hudson …
Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He assumes the title from Carl H. …
