May 19, 2011
The Oklahoma Senate has approved a more than 200-page bill that completely overhauls Oklahoma’s workers’ compensation laws. The proposal emerged in the Oklahoma House just three days before lawmakers are expected to adjourn the legislative session. SB 878 has passed …
May 19, 2011
Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agents are donating more than $100,000 to the State Firemen’s and Fire Marshals’ Association (SFFMA) to assist volunteer fire departments. The money will go to a special fund created to …
May 19, 2011
West Virginia Insurance Commissioner Jane L. Cline will retire after 10 years on the job. Gov. Earl Ray Tomblin said Cline’s retirement will become effective June 30, 2011 and that he will name a replacement in the future. “I have …
May 19, 2011
A row has erupted between Air France and Airbus as pressure grows to explain the 2009 Rio-Paris plane crash using data recovered from black boxes. The tensions were laid bare inadvertently by a top official, following days of finger-pointing in …
May 19, 2011
The swarm of tornadoes that killed more than 230 people across Alabama last month destroyed or heavily damaged more than 13,000 homes statewide and will smash the record set by Hurricane Ivan in 2004 to become the state’s costliest disaster …
May 19, 2011
The Florida Hurricane Catastrophe Fund has been given more time to respond to an influx of claims from 2005 storms. A state panel chaired by Gov. Rick Scott approved an emergency rule waiving a 60-day deadline for acting on claims …
May 19, 2011
Shareholders of rig contractor Transocean Ltd voted down a proposal by a healthy margin to discharge its board members and executives from liability for activities in 2010, according to a filing. Votes in favor represented 44 percent of those cast, …
May 19, 2011
Guernsey has received the green light for its companies to list on the Hong Kong Stock Exchange (HKEx). The Exchange’s Listing Committee has “formally approved Guernsey as an acceptable overseas jurisdiction for the purpose of companies incorporated in the Island …
May 19, 2011
Ireland has been much in the news recently, and not just for its economic woes. The visit by the UK’s Queen Elizabeth II, the first by a British monarch in 100 years, and the upcoming visit of President Obama, as …
May 19, 2011
Slowly, but surely the electronic revolution is gaining ground at Lloyd’s and throughout the London market generally. Ark Syndicate Management Limited at Lloyd’s became the latest to make the jump with the announcement that it has “gone live” with its …