The tornado that devastated Joplin, Missouri could cost the insurance industry between $1 billion and $3 billion, according to catastrophe modeling firm Eqecat. The tornado is the deadliest to hit the U.S. since 1947 and the first single tornado to …
A monster tornado killed at least 116 people in Joplin, Missouri, when it tore through the heart of the small Midwestern city, ripping the roof off a hospital and destroying thousands of homes and businesses. Weather officials said the twister …
Arthur J. Gallagher & Co. has acquired specialty insurance broker ITI Solutions Pte Ltd, located in Singapore. ITI’s speclaties include marine cargo, political risk, trade credit risk, and specialty lines. In addition, it is licensed to place business in the …
There is no doubt that some of the busiest people since the financial crisis are at the Financial Stability Board. The G20 recommendations have been wide ranging, from private sector practices such as compensation schemes of financial institutions to much …
Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from weather-related losses in the United States in 2011, which is up …
Toyota Motor Corp. has a way to go to fix crisis decision-making and other shortcomings in its corporate culture that played a key role in last year’s safety debacle, a report by an advisory panel commissioned by the automaker said …
About 250 flights to northern Britain were cancelled on Tuesday over concerns about the ash cloud spewing from an Icelandic volcano, but British and Irish officials dismissed fears of a mass shutdown of airspace. The explosion of the Grimsvotn volcano …
John A. Davis has joined Endurance Worldwide Reinsurance as senior vice president and manager of the U.S. Treaty Casualty and Workers’ Compensation business unit. Davis will now be responsible for overseeing the strategic direction, underwriting and marketing of Bermuda-based Endurance’s …
Portland, Ore.-based financial services and employee benefit consulting firm The Partners Group has merged with Seattle-based Baldwin Resource Group, a firm with expertise in commercial insurance, enterprise risk management, employee benefits and business consulting. The merger transforms The Partners Group …
The Chartered Property Casualty Underwriters Society Oregon Chapter has named its 2011 officers. They are: President Chuck Nagan, President-Elect Dale Thomas, Vice-President Linda Rooke, Treasurer Diane Connolly, Secretary Katherine Bauer. Returning leadership include Chuck Nagan, Dale Thomas, Linda Rooke. Outgoing …
