Monthly Archives: <span>January 2011</span>

Poll: Public Opposes Crash Taxes

Three out of four adults (76 percent) believe their taxes cover the time and services provided by emergency response providers following a traffic accident and additional accident response fees charged by local governments are not necessary. In recent years, local …

Donovan Named CEO at Beecher Carlson

Dan Donovan has bee named the new chief executive officer at Atlanta-based broker Beecher Carlson. Tom Golub will step down as CEO and will remain as the chairman of Beecher Carlson. Donovan is an industry veteran with 30 years of …

Lloyd’s Market: ‘No Direct Threat’ to Suez Canal Shipping

No direct threat to ships passing through the strategic Suez Canal waterway exists at the moment, despite unrest in Egypt, a senior official with London’s marine insurance market said on Monday. “We are not seeing anything that would give us …

Marsh Sees Soft Commercial Insurance Market Continuing

Another report indicates that soft commercial insurance market conditions that persisted throughout the U.S. in 2010 will continue into 2011. Key commercial insurance market drivers from 2009—including intense competition among insurers, abundant capacity, and relatively few insured catastrophe losses—continued through …

Suez Shipping Operating Normally Despite Egypt Unrest: Marine Insurers

No direct threat to ships passing through the strategic Suez Canal waterway exists at the moment, despite unrest in Egypt, a senior official with London’s marine insurance market said on Monday. “We are not seeing anything that would give us …

Florida Businessman Charged with Workers’ Compensation Fraud

Florida officials have charged a Duval County man with allegedly creating a fake company and fake name as part of a workers’ compensation fraud scheme. Florida CFO Jeff Atwater announced the arrest of David Rodriguez-Socarras, who officials allege used a …

Chartis Umbrella Covers Salary Reimbursement

Chartis has introduced a salary reimbursement endorsement, developed by its Excess Casualty division as a supplementary benefit to its commercial umbrella insurance solutions. This coverage enhancement is designed to offset some of the uninsured costs employers incur when their employees …

Aon Merges M&A Advisory Teams

Aon Corp. has united its merger and acquisition practices to form Aon M&A Solutions, which will provide M&A risk and human capital solutions. Aon M&A Solutions will be led by Mark Arian and Brian Casey. Brian Cochrane will lead global …

ASI Environmental Enhances EnviroStar Policy Form

American Safety Insurance has launched an enhanced version of its EnviroStar policy, which combines common coverages for environmental professionals into one form. “The form changes are in response to feedback from our annual customer roundtable and our daily interactions with …

Investors Face Rising Risks However Egypt Plays Out

If President Hosni Mubarak clings to power, investors will re-price Egyptian and regional assets to brace for weeks, months or possibly years of heightened political risk. If he goes, global markets could still react with alarm, fearing a rising tide …