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

Somali Pirates Release South Korean Tanker after Ransom Payment

Somali pirates have freed a hijacked South Korean-operated supertanker and its 24 crew after seven months of captivity, officials said Sunday amid reports that a record ransom was paid. The Samho Dream was sailing toward a safe third country under …

New Solar Cycle Poses Potential Disruption Threats Warns Lloyd’s

While extreme weather events on earth continue to cause a lot of damage and loss of lives, a “much larger global threat is on the horizon, warns a new study in Lloyd’s 360 series – “Space weather and its impact …

Cooper Gay Targets U.S. Casualty Business with London Appointment

Cooper Gay is moving ahead with plans for U.S. expansion following its recent amalgamation with Swett & Crawford. The broker announced the appointment of Galen Brislane, a U.S. casualty specialist, to focus on “supporting its US operations to target North …

Seek U.S. Markets ACE UK Tells British Business, but Be Careful

An analysis from ACE UK points out that international trade has taken a major role in the newly elected governing coalition’s economic plans. The U.S. is Britain’s principle trading partner, with 40 percent of all UK trade being with the …

Lawsuit Charges Room at New York’s Waldorf had Bedbugs

A Michigan couple has filed a lawsuit claiming their room at New York’s Waldorf-Astoria hotel was infested with bedbugs. Christine and David Drabicki charged in the lawsuit filed Thursday that they unwittingly brought the bedbugs home with them after they …

U.S. Risk Names Wafer an Associate Broker in Houston

Managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Elizabeth Wafer an associate broker working with Ann Meyer, senior broker, in the Houston, Texas, office. Wafer brings with her 22 years experience in wholesale brokerage …

James Joins RSI International in Commercial Underwriting Unit

RSI International Inc., a Texas-based managing general agency, announced that Robin James has joined its Commercial Underwriting Department in Arlington. James joins RSI after relocating to Texas from Goldsboro, N.C., where she spent the majority of her insurance career with …

North Dakota Insurance Agent Accused of Theft

Bond has been set at $17,500 for a Minot, N.D., insurance agent facing a felony theft charge. State Insurance Commissioner Adam Hamm says 57-year-old Alan Henning allegedly stole more than $800,000 by obtaining unauthorized loans and writing unauthorized checks to …

How Insurance Companies Can Live to Be 100 and Beyond

Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute. In his evaluation of centenarian insurance companies and species for …

Barney & Barney’s Thaw Recognized Among ‘Women Who Mean Business’

Barney & Barney LLC Practice Group leader Robyn Thaw has been recognized by the San Diego Business Journal among their 2010 “Women Who Mean Business” honorees. Thaw, who heads up the Homeowners Associations Practice, was recognized for increasing the firm’s …