Alex, the hurricane season’s first named tropical storm, reached that level on Friday, but weakened as it moved across the coast of Belize and El Salvador and over Mexico’s Yucatan Peninsula. Two people were reported to have been swept away …
World leaders agreed Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries. The following are highlights from quotes by leaders and other …
Companies cannot afford to ignore the changing nature of business in the information age. More than any other commodity, information and its dissemination have changed in inalterable ways in the past decade. Where in the past information required diligent research …
Encino, Calif.-based NAS Insurance Services has promoted Rolanda Bell to senior underwriter. Bell started at NAS seven years ago as an underwriting assistant. More recently, she has produced healthcare, miscellaneous errors and omissions, employment practices liability, regulatory business interruption and …
The San Diego-based John Burnham division of BB&T Insurance Services of California Inc. announces that Dave Beech has joined the company as an employee benefits consultant. In his position, Beech will work with the Employee Benefits Department, which provides consulting …
The Schultz fire burning in Arizona near Flagstaff has incurred up to $5 million in claims to date, according to the latest National Interagency Coordination Center Incident Management Situation Report. To date, 14,800 acres have burned, and the fire is …
After years of doing business exclusively though wholesale brokers, United States Liability Insurance Group (USLI) is expanding its distribution to work directly with retail insurance agencies. “We are expanding our distribution to include retailers on a selected basis,” Chairman, CEO …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries. Best also affirmed the ICR of “bbb” and debt ratings of the …
A district court judge has authorized Oklahoma Insurance Commissioner Kim Holland to place Pegasus Insurance Company into rehabilitation. Pegasus specializes in workers’ compensation for professional employer organizations (PEOs), or employee leasing entities, according to information posted on the company’s Web …
Asterisk Financial Inc. has introduced Personal Guarantee Insurance, a new insurance product that protects small-to-medium-size (SMB) business owners, or anyone who guarantees a SMB loan, against major loan-related losses. Loan guarantors – including business owners, commercial real estate investors and …
