About 40 Rolls-Royce engines used in the world’s fleet of Airbus A380 aircraft may need to be replaced to ensure safety after one such engine partly disintegrated mid-flight this month, Australia’s Qantas said. That would represent about half of all …
Bermuda-based RenaissanceRe Holdings Ltd. announced that it has “entered into a definitive agreement with QBE Holdings, Inc. to sell its U.S. property and casualty business underwritten through managing general agents, its crop insurance business underwritten through Agro National Inc. and …
Lloyd’s has posted a warning on its web site that it has discovered it’s “subject to a recruitment scam (Recruitment Fraud) in which people are being offered fictitious employment opportunities with Lloyd’s and being asked to send their personal details …
Claimants to BP Plc’s $20 billion oil spill fund may soon be required to transfer to the company their right to sue other defendants, a move that could help BP’s efforts to collect billions of dollars from its business partners. …
Patriot National Insurance Group has named Dean D. Watters as president of its subsidiary Patriot Underwriters, Inc. In his new role, Watters will oversee Patriot National’s managing general agency, program administration and business process outsourcing businesses. Watters was previously senior …
ISU International has added Bekan Insurance Group to the ISU Network. Founded in 1992 and owned by Jim Langen II, ISU Bekan Insurance Group specializes in both commercial lines and personal lines and has two offices in northwest Indiana. The …
As the deadline to implement the surplus lines insurance modernization bill — or the Nonadmitted & Reinsurance Reform Act (NRRA) in the Dodd-Frank Act — quickly approaches, some of the nation’s legislators are searching for a way to find consensus …
For many years it has been generally understood by agents, insurers and insureds that Certificates of Insurance are very limited in their purpose. That view may be under assault in Texas. Generally, a Certificate of Insurance is a summary document …
The Michigan Chamber of Commerce announced that Kevin Kaplan has joined the statewide business organization as senior director of Insurance Services. Kaplan comes to the Michigan Chamber with a strong background and extensive experience in the insurance industry. His background …
DeRidder, La.-based Amerisafe Inc., a specialty writer of hazardous workers’ compensation insurance, announced it plans to acquire the workers’ compensation business of Cooperative Mutual Insurance Co. Effective Jan. 1, 2011, all workers’ compensation policies written by Cooperative Mutual will be …
