The Insurance Industry Charitable Foundation (IICF) revealed that its 2010 benefit dinner will feature presentations by two famous sports figures: Major League Baseball great Ken Griffey Jr. and hockey legend Mark Messier. Greg Case, president and chief executive officer of …
Wilson Smith Group LLC announced that Gary Cooper has joined the group’s Texas operation, WSG Specialty Underwriters, as senior vice president. Cooper brings an extensive insurance background in retail and wholesale management to WSG and our MGU program plans for …
Hurricane Karl formed in the southern Gulf of Mexico Thursday and gained strength as it headed across Mexico’s offshore oil patch. No damage was reported at Mexican oil drilling platforms and state-run oil giant Pemex has not curtailed operations, but …
The European Union agreed on Thursday to sign a free-trade pact with South Korea and grant Pakistan trade concessions after floods, but a row over France’s deportation of Roma migrants marred a one-day summit. The agreement on trade issues was …
Hurricane Igor continues to be a dangerous category four storm, the second most powerful category in the five category Saffir-Simpson scale, and is now predicted to possibly hit Bermuda. Officials in Bermuda reportedly have issued a small-boat warning and are …
The Target Markets Program Administrators Association (TMPAA) reports that four additional program carriers have joined the group. Admiral Insurance Co., General Star Management Co., State National Companies and Torus Insurance have all gained membership in the TMPAA. Each carrier is …
Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based Endurance Specialty Holdings Ltd. – currently ‘BBB+’ with a stable outlook – and its operating subsidiaries are “not affected by the acquisition of a portion of Glacier Reinsurance AG’s …
Catastrophe risk modeling firm AIR Worldwide has released a major update to its Extratropical Cyclone Model for Europe.”Virtually every component of the model has been enhanced through the incorporation of significant quantities of wind speed observations and claims data from …
Timothy Michael Moore, 40, of Fayetteville, N.C., has been arrested on four counts of embezzlement by an insurance agent, state Insurance Commissioner Wayne Goodwin announced today. North Carolina Department of Insurance criminal investigators allege that between Nov. 7, 2008, and …
Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 6.3 …
