It used to be the low-frequency, high-severity events that kept U.S. property insurance producers, carriers, and reinsurers up at night. These big Cats have become part of our collective history – Hurricanes Andrew, Katrina, Ike, Wilma, the Loma Prieta and …
Rich Poirier, a 20-year insurance industry veteran, was named vice president of claims at Church Mutual Insurance Co. Poirier previously served in senior staff roles at Liberty Mutual Agency Markets Corp. and Wausau Insurance Cos.; most recently as senior vice …
It’s a funny experience writing articles for insurance publications and speaking at industry functions. After nearly 750 articles and presentations, the only articles or presentations that really ever spark anger (aside from the ones insurance carriers dislike for shining a …
Members of the armed services will find it easier to keep or obtain an insurance agent’s license under a new law approved by Kentucky lawmakers. Kentucky Governor Steve Beshear has signed into law HB 301 that streamlines the process by …
Economic risk is the greatest threat today’s business leaders face, followed by legislative and regulatory changes and increased competition. Business leaders across the globe also emphasized the need to innovate, mitigate technology failure and manage talent to compete in the …
Five executives of the failed Kansas-based insurance agency franchise firm Brooke Corp. have agreed to settle charges of financial fraud brought against them by the Securities and Exchange Commission. Charges against a sixth Brooke executive have not been settled. The …
American Hallmark, TBIC American Hallmark Insurance Co. of Texas, a subsidiary of Ft. Worth-based Hallmark Financial Services Inc., announced in late March that it is acquiring TBIC Holding Corp., and subsidiaries Texas Builders Insurance Co. and TBIC Risk Management Inc. …
Super Regional Active companies, not in regulatory supervision at Dec. 31, 2010 Individual companies Companies reporting data to the National Association of Insurance Commissioners using the property/casualty annual and quarterly statement format No surplus lines companies No risk retention groups …
Federal safety officials have stopped recommending removal of all electrical wiring in homes with problem drywall, a change in the safety protocol that could reduce the cost of remediation. The U.S. Consumer Product Safety Commission (CPSC) and the U.S. Department …
Marsh & McLennan Cos. appointed Daniel S. Glaser to the newly created position of group president and CEO. Glaser previously had been chairman and CEO of Marsh. He will continue to report to Brian Duperreault, president and CEO of Marsh …
