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

UK’s Willis Limited Names New Chairman, CEO

Willis Limited, the principal UK broking company of Willis Group Holdings plc said Rodney Baker-Bates will join its board as an independent non-executive chairman, Also, Brendan McManus has been named CEO of Willis Limited in addition to his current role …

Markel International Names Asia Pacific Unit Leader

Specialty insurer Markel International has appointed Abhishek Chhajer to lead the development of the company’s trade credit business in the Asia Pacific region out of the company’s Singapore office, which forms the hub of Markel’s Asia network and underwrites on …

Florida Wants More Private Firms Involved in Emergency Planning

Florida’s new emergency management chief said he wants the private sector to be more involved in the state’s disaster preparedness efforts so that local economies can recover quickly after hurricanes. “They want their employees to be safe and well and …

German Insurer Organized Orgy for Best Salesmen

A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen. A spokesman for Ergo insurance said one of its subsidiaries had organized the party in Budapest’s art nouveau Gellert …

U.S. Refuses to Pay Michigan Insurer for Ferrari Wrecked by FBI Agent

The U.S. Justice Department has refused to pay $750,000 to a Michigan insurance company for a Ferrari that was wrecked in Kentucky while driven by an FBI agent. In a recent response to a lawsuit in Detroit, the Justice Department …

Bribery Widespread Across Europe’s Top Companies: Survey

More than one third of employees at large European companies are prepared to offer cash or lavish gifts and entertainment to win business as the economic downturn prompts firms to cut corners to stay ahead. In its 2011 European fraud …

Black Lung Disease Rising Again Among U.S. Miners

Black lung disease, long a killer of coal miners, is on the rise again after retreating in the 30 years since Congress passed tougher mine safety laws, health and safety experts said Friday. The renewed appearance of the disease emerged …

Tornadoes Hit Missouri Town; At Least 89 Killed

At least 89 people have died in Joplin, Missouri, and the toll is expected to climb as one of the deadliest tornadoes in state history roared through the small Midwestern city Sunday, local officials said Monday. Rescue crews from throughout …

Europe on Alert for Icelandic Volcano Ash Cloud

An eruption by Iceland’s most active volcano put Europe on high alert on Monday as a billowing ash cloud drifted towards Scotland and threatened to shut down airports across the northern edge of the continent. Northern Europe looked set to …

Contractors Object to California Regulator’s Plan to Rehabilitate Majestic Insurance

Former members of the self-insured workers’ compensation program Contractors Access Program of California, which was managed by now defunct Majestic Insurance Co., have filed a formal objection to the California Department of Insurance’s Majestic Insurance rehabilitation plan. According to the …