Boston-based medical professional liability insurer ProMutual Group said it is decreasing premium rates for dentists in Massachusetts by 10 percent. The insurer said analysis by the company revealed lower than anticipated losses, both in frequency and severity. The rate decrease …
The Strategic Insurance Agency Alliance (SIAA) added six East region insurance agencies to its membership in February, the New Hampshire-based group said. Those members are East Penn Insurance of Allentown, Pa., Meritt Insurance, of Bethlehem, Pa., The Foley Insurance Group, …
A federal judge has refused to order Exxon Mobil Corp. to pay an additional $92 million sought by the U.S. government and state of Alaska to address lingering damage from the 1989 oil spill in Prince William Sound. U.S. District …
Pennsylvania-based NSM Insurance Group has named Jim Kruse as program director for Condon & Skelly, the specialty car insurer the NSM acquired last year. Kruse is a collector car owner with over 18 years experience in the specialty insurance industry. …
Jeffrey M. Farber has been named senior vice president and deputy chief financial officer by American International Group Inc. (AIG). In this new position, Farber will provide global leadership and coordination for AIG’s controllership and accounting policy functions, as well …
A U.S. judge Monday halted enforcement of an $18 billion award against Chevron Corp, siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution. The move comes three weeks after an Ecuadorean court’s …
A report from A.M. Best Co. provides a timely analysis of the fast approaching implementation of the European Commission’s long-awaited Solvency II insurance regulations, which are now scheduled to come into force as of for January 1, 2013. Best noted …
MDS Holdings, the fast growing Iberian and Latin American insurance broking group, has launched HERCO Portugal as part of its initiative to expand its international risk management practice. HERCO was first established in Brazil over 30 years ago. MDS said …
Australia’s QBE announced that it has completed its acquisition of the U.S. admitted insurance businesses of Renaissance Re, which include a U.S. crop and small specialist program insurance business. QBE said the acquisition supports its “commitment to growing the business …
The Deputy Director of Banking, Jeremy Quick, of the Guernsey Financial Services Commission will succeed Diane Colton as Director of Insurance, effective immediately. He is a Fellow of the Institute of Operational Risk, and has published several articles on the …
