Barely a day goes by without news of another data breach at a major corporation or institution. From Sony to Citicorp and the International Monetary Fund to the U.S. Senate, systems have proved vulnerable to hackers with uncertain motives. For …
Anthony A. Ambrose has been promoted to vice president and senior broker at New York-based wholesale broker Russell Bond. Ambrose joined Russell Bond in 1994 and is currently responsible for financial institutions, medical professional, errors & omissions, environmental and complex …
Owners of the New York Mets pro baseball team rejected allegations in a $1 billion lawsuit that they once shopped for fraud insurance to insulate themselves from Ponzi schemer Bernard Madoff. Fred Wilpon and Saul Katz, principals at Sterling Equities, …
Alabama Gov. Robert Bentley said he’s not looking to the Federal Emergency Management Agency or anyone else to lead the state’s recovery. “Just like I have taken the leadership role in the disaster, telling FEMA I’m in charge, we will …
Private U.S. property/casualty insurers’ net income after taxes dropped to $7.8 billion in first-quarter 2011 from $8.9 billion in first-quarter 2010, with insurers’ annualized rate of return on average policyholders’ surplus decreasing to 5.6 percent from 6.8 percent. Reflecting insurers’ …
Liberty Mutual Group’s Edmund F. Kelly retired from active management of the company on June 28. David H. Long is now president and CEO. Kelly will continue to serve as chairman of the board of Liberty Mutual Holding Co. Long …
Barely a day goes by without news of another data breach at a major corporation or institution. From Sony to Citicorp, and the International Monetary Fund to the U.S. Senate, systems have proved vulnerable to hackers with uncertain motives. For …
Possible Silver Lining “The fact that more homes aren’t being engulfed or being touched by the water, that’s the one silver lining if you can even say there is one.” —Sgt. 1st Class David Dodds, a spokesman for North Dakota’s …
A jury in Houston, Texas, has found in favor of a property insurer in a lawsuit brought by a townhouse homeowners association over roof hail damage to 22 buildings. Summer Hill Village Community Association sued Colony Insurance for $22 million …
Homeowners in states hit hard by this spring’s tornadoes have some of the highest average insurance premiums. Louisiana’s average annual premium is $1,155 and Mississippi’s is $980; in Alabama it’s $845, and in Missouri, $788 – which is about the …
