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

Oil Reaches Alabama’s Dauphin Island; Florida Panhandle on Alert

Teams of workers in protective boots and gloves scoured Alabama’s Dauphin Island Wednesday for washed up tar balls and tar patties that have put the 14-mile-long resort in the front line of the state’s fight against the Gulf of Mexico …

Citibank Employee Sues, Says Good Looks Got Her Fired

A woman in New York has sued Citigroup Inc, accusing the bank of firing her for being too good-looking. The bank believes the lawsuit should be dismissed, or else sent to arbitration, court records show. Debrahlee Lorenzana alleged that management …

BP Lowers Containment Cap onto Wellhead But Uncertainty Remains

BP Plc managed Thursday to lower a containment cap onto its ruptured deep-sea wellhead in the Gulf of Mexico in a high-stakes bid to siphon off some of the oil billowing from its gusher. U.S. President Barack Obama canceled his …

Why Some Volcanic Eruptions Produce Ash Clouds and Others Don’t

Volcanoes exist in many parts of the world, and their eruptions can be terrifying and devastating, as Aon Benfield’s Professor Russell Blong discusses in the previous article at: https://www.insurancejournal.com/news/international/2010/06/04/110441.htm. However, not all volcanic eruptions produce clouds of gritty ash that …

Aon Scientist Analyzes Insurance Coverage for Volcanic Eruptions

Volcanic eruptions are right up there with hurricanes and earthquakes on the list of nature’s most formidable catastrophes. The April eruption of the Eyjafjallajokull volcano in Iceland was but one manifestation – gritty clouds of ash – of the dangers …

Marsh Launches New Practice for UK’s Insolvency Sector

Marsh’s London office has announced the launch of a “dedicated practice to provide expert risk and insurance advice to insolvency practitioners in the UK.” The bulletin explained that the move follows “a sharp increase in demand for specialist insolvency insurance …

Rating Agencies React to BP’s Oil Spill; Best Revises Jupiter Outlook

The mounting financial costs for British Petroleum from the multiple impacts of the oil spill in the Gulf of Mexico have placed its formerly strong ratings in peril. Financial rating agencies Fitch and Moody’s have both lowered their ratings on …

Nautilus Insurance Group Receives Managing General Agents Award

Scottsdale, Ariz.-based Nautilus Insurance Group, comprised of W.R. Berkley Corp. member companies Nautilus Insurance Co. and Great Divide Insurance Co., has been recognized with community service, advertising and marketing awards at the 84th Annual Meeting of the American Association of …

Insurance Educational Association Relocates to Orange, Calif.

Insurance Educational Association has moved its office to Orange, Calif. The new address is 725 Town and Country Road, Suite 430, Orange, CA 92868-4705. The general business telephone, toll-free and fax numbers remain unchanged:

Flanigan-Leavitt Insurance Agency Receives Quantum Leap Award

The Leavitt Group has awarded Quincy, Calif.-based Flanigan-Leavitt Insurance Agency with the “Quantum Leap Award.” One agency is selected annually for this award for demonstrating significant effort in furthering their agency’s development. Mike Flanigan and Valerie Flanigan are the local …