Risk management ranks relatively low on the priorities list for small business owners, according to a recent survey by Travelers. And that outlook could mean trouble down the road when problems arise for those firms, the insurer warns. “Small business …
State Farm Insurance Co. has decided to discontinue writing new flood insurance policies with the National Flood Insurance Program but the company says it will still service existing policies and State Farm agents will continue to help their customers with …
W. R. Berkley Corp. has appointed J. Michael Foley as president of Berkley Risk Administrators Co. (BRAC). Foley succeeds BRAC founders Mark C. Tansey and Kenneth R. Hopkins, who will each continue in a consulting capacity with W. R. Berkley …
The restructuring of the property/casualty insurance wholesale and specialty brokerage market continues as Preferred Concepts, LLC, a national program administrator, announced it has acquired of Mercator Risk Services, a wholesale broker. Mercator Risk Services is now a wholly owned subsidiary …
An attorney for two former waitresses in Michigan who said Hooters fired them because of their weight told a newspaper the case is about civil rights. But Hooters said the appearance of its waitresses is a legitimate business concern. “This …
A fireball and explosion burned seven members of a crew drilling for natural gas at an abandoned coal mine in West Virginia Monday, the second big fire at an energy formation known as the Marcellus Shale in less than a …
The European Union could extend a planned levy beyond banks to other financial services firms, according to a report outlining the bloc’s message to G20 leaders who meet soon to tackle reform of the industry. The statement is likely to …
ACE Global Markets (AGM) announced from London that it has appointed Malcolm Brett as Product Line Head of Aviation. John Green, who formerly headed the unit, will remain with the company as Director of Aviation. Richard Pryce, President of ACE …
“Green energy systems are no longer just ‘nice to have,’ but are essential in securing our energy supply and protecting the environment,” according to a new report from Lloyd’s 360 Risk Insight and UK think tank Chatham House, entitled: Sustainable …
A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo Risks experts. Their conclusions are based on “the large …
