California Gov. Arnold Schwarzenegger has signed AB 1708 (Villines) into law, requiring the total capital and surplus requirements for nonadmitted insurers in California to be at least $45 million, up from $15 million. The law requires $25 million of this …
Fire investigators are trying to determine the cause of a blaze that raced through the main building at the Torrington Country Club and caused an estimated $500,000 in damage. Authorities say the four-alarm fire in Goshen began at about 10:30 …
A federal court will hear the complaints of 14 West Virginia families who blame illnesses ranging from cancer to rashes on long-term exposure to toxic waste piled up at a former DuPont zinc-smelting plant. Lead plaintiffs Rebecca Morlock and Waunona …
The U.S. Treasury is looking for a Director of the Federal Insurance Office. The full-time job pays $119,554 to $179,700 per year depending on experience. Applications will be accepted from all qualified individuals until Oct. 20. Those are some of …
Dow Chemical Co. and Flexible Products Co. settled with nearly 1,400 miners in an Alabama court over the miners’ claims they were exposed to hazardous chemicals, Dow said Tuesday. The surprise settlement involving 1,394 miners came at Tuscaloosa Circuit Court …
The Obama administration hopes to announce by next week a plan to end its support of insurance giant American International Group Inc., the New York Times reported Tuesday, quoting unnamed sources. That announcement would come ahead of the November 2 …
“Insurers and brokers must remind themselves of the value that insurance provides to clients and to society as a whole,” stated Stephen Catlin, chief executive of Catlin Group Limited*, in a speech delivered on Tuesday after his investiture as president …
Europe’s largest companies will need to spend more time and resources over the next year on long-term strategic risk planning to avoid being vulnerable to changing market conditions. That’s the advice from Gilbert Van den Eynde, Global Leader of Marsh’s …
Willis North America, a unit of Willis Group Holdings, has appointed Hilaire Damiron as the new CEO of Willis Mexico, effective immediately. He has been serving as the interim CEO since August 2009. He is based in Mexico City, Mexico, …
As Lloyd’s published its first half results, Luke Savage, the chief financial officer, had a busy day on Tuesday. But he spoke briefly with Insurance Journal on some of the issues the report on the first half raised. As detailed …
