The California Earthquake Authority, the state’s quasi-private earthquake insurer, is planning to pay furlough back wages to current and former agency employees who lost salary to the policy, the Sacramento Bee is reporting. CEA told the Bee that the agency …
A.M. Best Co. has placed under review with developing implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Bermuda-based IPCRe Limited and Validus Re Europe Limited, which is headquartered in Dublin, Ireland. The under …
Walnut Creek, Calif.-based Heffernan Insurance Brokers has hired Jammie Y. Nam in its Orange County office as vice president of employee benefits. Nam has nearly 20 years’ experience in the employee benefit industry as an underwriter and consultant. Prior to …
China’s trademark system is a minefield of murky rules and opportunistic “trademark squatters” that even the world’s biggest companies and their highly-paid lawyers find hard to navigate, as Apple and Facebook are the latest to find out. While Apple is …
Lloyd’s broker Cooper Gay & Co. Ltd. has rebranded its managing general agency platform, Oliva, as Globe Underwriting as part of its decision to refocus on international business. Globe Underwriting will initially specialize in international marine, cargo and professional indemnity. …
Global specialty insurer Torus announced that Tim Harris will be joining the company as Group Chief Financial Officer, subject to regulatory approval. He has more than 20 years’ experience in financial and capital management, and will also be appointed to …
The UK’s Miller, a London-based specialist insurance and reinsurance broker, announced that it has appointed James Cunningham and Ewan Wauchope to bolster the broker’s political risk, trade credit and political violence capabilities. Cunningham joins Miller from Marsh. He has 20 …
The New York State Department of Financial Services has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate increases. “At a time when spiraling health insurance …
The board of directors at Inland Marine Underwriters Association (IMUA) has voted Swiss Re America senior vice president Peter Opinante to assume the chairmanship of the board. Opinante, who served as deputy chair, fills the seat vacated by Sophia Philips …
The city of Alexandria, La., can’t keep up with the demand for destroying dilapidated structures in the city. During the 20-month span from May 2010 to December 2011, City Attorney Chuck Johnson told the city council that 50 homes were …
