The state agency that provides insurance for 160 state agencies will provide temporary liability coverage for West Virginia volunteer fire departments that are facing loss of coverage. The state’s Board of Risk and Insurance Management (BRIM) will supply the insurance …
ACE Limited reported net income for the quarter ended June 30, 2010, of $677 million, or $1.98 per share, compared with $535 million, or 1.58 per share for the same quarter last year. Income excluding net realized gains/losses, or operating …
The North Carolina State Highway Patrol says it is seeing a decrease in the number of teen driver fatalities across the state. The patrol said on that it has investigated the deaths of 28 teen drivers so far this year. …
BP Plc’s newly named chief executive Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob Dudley, who will replace gaffe-prone Tony Hayward as …
The city of Cleveland lost its appeal Tuesday of a lawsuit accusing 22 Wall Street bank and mortgage lenders of creating a public nuisance by creating risky mortgage securities to be sold to investors. A three-judge panel of the U.S. …
U.S. Senate Democrats are set to unveil a slimmed-down energy bill Tuesday aimed at reforming offshore drilling, but House lawmakers are taking up a tougher bill on Friday that adds another hurdle to get a bill signed into law this …
The U.S. Justice Department Tuesday indicted three former financial services executives as part of a wide-ranging probe into fraud and manipulation of prices for municipal bond derivatives. The 12-count indictment, filed in U.S. District Court for the Southern District of …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited, collectively …
The UK’s Miller, a specialist independent insurance and reinsurance broker, announced that Stuart Fraser has joined the firm. He is an expert in various classes of marine business including port and terminal package policies, transport liability and US based casualty/transportation. …
The Board of Directors of Marsh & McLennan Companies, Inc. (MMC) announced that Ian Lang, Lord Lang of Monkton, will succeed Stephen R. Hardis as Independent Chairman of the MMC Board of Directors when Hardis retires from the Board in …
