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

The Hartford Names Gardiner to Lead Renewable Energy Practice

The Hartford Financial Services Group Inc. has appointed James Gardiner to lead its new Renewable Energy Unit. The new unit will provide specialized underwriting and a full suite of property and casualty insurance products and services for makers, builders and …

Study: Better Levee Would Help Fort Smith Develop

Officials say the northwest corner of Fort Smith, Ark., would open for development if the levee along the Arkansas River is improved and gains federal certification. An engineering study of the levee says improving it would lower insurance rates and …

Talley to Head Lloyd’s America U.S. Central Region

Lloyd’s announced the promotion of Pat Talley to Regional Director for Lloyd’s America’s Central Region. He will “be responsible for the Illinois and Kentucky offices [the two states in the U.S. where Lloyd’s is an addmitted carrier], along with market …

RMS Releases New Japan Typhoon Parametric Industry Loss Index

Risk Management Solutions has added to its Japan typhoon existing suite of parametric industry loss indices. The program “now includes the insurance industry’s five largest peril regions – U.S. hurricane and earthquake, Europe windstorm, Japan typhoon and earthquake,” said the …

Florida Workshop to Review New Mitigation Credit Inspection Form

Florida insurance officials are holding a public workshop to review the form used by inspectors to document eligibility for wind mitigation discounts for personal residential property tomorrow, Wed., Sept. 22, 2010. During the workshop, the Florida Office of Insurance Regulation …

Volunteer Fire Companies Face Funding Woes in Delaware

Volunteer fire departments across Delaware are having to scrimp and put off buying new equipment just to stay afloat as local, state and charitable funds are harder to find. Kevin Wilson, president of the Delaware Volunteer Firefighters Association, says government …

Willis Named Senior VP at Crump in Boston

Crump Insurance Services has named Christopher Willis as senior vice president and broker. Willis, who will be based in Boston, has over 16 years of experience in the insurance industry. He joins Crump from Swett & Crawford where he was …

Mississippi Denies Allstate’s 44% Homeowners Rate Hike Request

Mississippi Insurance Commissioner Mike Chaney has denied Allstate Property and Casualty Insurance Co.’s requested 44 percent statewide homeowners rate increase. “Based on our internal reviews and that of our actuary, I do not believe a 44 percent increase is justified,” …

Hurricane Igor Heads North After Battering Bermuda

Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no casualties. The Canadian Hurricane Center issued …

Republicans Want to Revisit Financial Regulation Reform Bill

Republicans will reopen the broad Wall Street reform law and overhaul the newly created consumer protection bureau if they regain control of Congress after the November elections, a leading lawmaker said Monday. Richard Shelby, the top Republican on the powerful …