Fears of a nuclear disaster in Japan heightened on Tuesday after radiation levels around its quake-stricken power plant soared following two separate explosions at the complex. Many of the worrying milestones mapped out by experts have now been passed, with …
The Bermuda-based Arch Capital Group announced that the Company’s 2011 first quarter results will be negatively impacted by the New Zealand earthquake, which occurred in February 2011, in the range of $35 million to $70 million, net of reinsurance and …
Catastrophe modeling firm EQECAT has issued a bulletin describing the potential insured market losses and summarizing the various impacts of Japan’s insurance market with its specific inclusions and exclusions. Earthquake Shaking (EQ Shake) EQECAT identified this as the biggest exposure …
Lloyd’s of London has issued the following statement on the Japanese earthquake: “Our thoughts are still with those affected by the major earthquake and tsunami events in Japan. “Lloyd’s is committed to providing cover to the Japanese market and our …
Heffernan Insurance Brokers,a full-service, independent insurance brokerage firm, has hired Brett Lantz as assistant vice president of its Orange, Calif., office. He will be responsible for producing new business in Southern California. Lantz joins Heffernan after a 16-month stint at …
Tsunami waves following Japan’s massive earthquake are estimated to have caused more than $50 million in damage in the Western United States, according to local officials. In Hawaii, Gov. Neil Abercrombie issued an emergency proclamation that will allow the state …
Health insurance companies may not collect fees from a new insured on behalf of an insurance consultant if the insurance business is placed by an insurance consultant in Nebraska, according to the Nebraska Department of Insurance. The Nebraska DOI said …
Lansing, Mich.-based Accident Fund Insurance Co. of America has honored 23 agencies with its 2010 President’s Club Award. The annual award is presented to a select number of independent insurance agencies who meet specific criteria for written premium and sustained …
Maritime Program Group has launched a new Excess P&I facility specifically designed for crewed yachts. The new program through Navigators Insurance Co. offers up to $25,000,000 excess of $5,000,000 underlying for crewed luxury yachts. “We created this new excess facility …
Croxton & Roe Insurance of Angola, Ind., has joined the ISU Network. ISU Croxton & Roe Insurance Services was founded in 1934. Currently owned and operated by Chuck Nedele, Jeff Sine and Phil Roe, the three partners bring a total …
