Ironshore Inc.’s Political Risk Insurance unit has increased capacity limits to $25 million on a gross limit basis for its global platform of political risk insurance lines and other trade-related coverages for risks maturing out to five years. Ironshore’s Political …
Ohio workers’ compensation system regulators have received nearly $2 million from an Akron area anesthesiologist who was convicted in 2006 on 56 criminal counts of health care and insurance fraud. Dr. Jorge Martinez was convicted after a wide reaching health …
The U.S. property/casualty insurance industry’s financial results for 2010 represented a mixed bag, with some good results and some that are of concern, according to a leading rating organization. A.M. Best Co. reported that property/casualty insurers’ policyholders surplus increased nine …
Global Aerospace Inc. named Christopher Proudlove vice president, manager complex risks. Proudlove, based in New Jersey, joined Global Aerospace in 2005 and has underwritten Global’s general aviation portfolio outside of North America from Global’s Group Headquarters in London. He assumed …
The family of a comatose cyclist is suing for $10 million the driver of the car that struck him in Maryland. Lawyers in the lawsuit filed Monday allege that 83-year-old Jeanette Marie Walke violated traffic laws on Feb. 26 when …
Oregon’s governor has asked President Barack Obama to issue a disaster declaration for a coastal county ravaged by a tsunami this month. Gov. John Kitzhaber made the request for Curry County on the state’s southern coast after disaster teams estimated …
PMA Companies announced that Mario Spina has been appointed to serve as the branch vice president of the insurer’s Atlanta, Georgia office. He will be responsible for PMA’s Georgia and Alabama operations and managing the agency distribution system in those …
Two of Florida’s domestic insurance companies have announced that they plan to merge. Homewise Insurance Co. and First Home Insurance Co. are planning to merge sometime in the second quarter pending regulatory approval. The combined companies will retain the Homewise …
Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance Committee recently approved a bill that would give homeowners insurers some latitude, allowing them to raise their rates without first getting approval …
American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire and Marine Insurance Co., in which AIG holds a …
