Lockton Companies, a Kansas City, Mo.-headquartered insurance broker, appointed Joe Sheridan as a marine specialist in its New York office. Sheridan will be responsible for developing Lockton’s U.S. marine business with emphasis on providing insurance and risk management services to …
The Cuomo administration is distributing an additional $850,000 in aid for more than 100 New York farms impacted by flooding caused by tropical storms Irene and Lee. Gov. Andrew Cuomo on Tuesday, Oct. 25, announced that the state funds will …
Women pursuing discrimination claims against Wal-Mart Stores Inc. filed a reformulated lawsuit against the world’s largest retailer, their first since a massive nationwide class action collapsed earlier this year. The amended lawsuit announced Thursday confines its allegations to women workers …
U.S. prosecutors charged 11 people Thursday in connection with an alleged $1 billion fraud involving hundreds of railroad workers filing false disability claims. In some cases, workers claimed they were unable to work even while they played golf, shoveled snow …
Occupy Wall Street protesters held a speak-out and march in New York City targeting the health insurance industry. Several hundred protesters marched on Wednesday, Oct. 26, to the offices at Empire Blue Cross/Blue Shield, located near the movement’s encampment in …
Bermuda-based PartnerRe Ltd. has issued a statement indicating that it has “experienced no individual loss events occurring during the third quarter of 2011 which were in excess of $35 million.” The bulletin added that the “total of all losses expected …
The London market’s ambition to enable brokers to trade globally with it more easily has taken a significant step closer with phase one of e-Accounts now operational. Brokers using the system can “send and receive ACORD accounting and settlement messages, …
Steven A. Cohen, who built one of the world’s biggest and most successful hedge funds, is branching out and plans to set up his own reinsurance firm, two people familiar with the matter said. Cohen, who runs $14 billion SAC …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed all of its debt ratings for Munich Re. The outlook …
Manufacturers of car parts and computer hard drives are the worst hit in Thailand, and face a bleak key holiday selling season due to massive floods, which have shut down production. Japanese car makers that had just started to recover …
