Monthly Archives: <span>March 2012</span>

Supreme Court Readies for Healthcare Debate

Death, taxes and now health insurance? Having a medical plan or else paying a fine is about to become another certainty of American life, unless the Supreme Court says no. People are split over the wisdom of President Barack Obama’s …

Blunt to Head New Sportscover Specialty Lines Division

Lloyd’s insurer Sportscover – Syndicate 3334 – announced that “as part of its continuing diversification into specialist areas of business,” it will launch a specialty lines division, effective on the 5th of April 2012. “The new division will initially comprise …

Aon Shareholders Approve Domicile Move to London

Aon Corp. announced that its stockholders voted overwhelmingly in favor of the proposal to approve the previously announced change in corporate domicile of the parent company of the Aon group of companies from Delaware to the U.K. at a special …

Tropical Cyclone Lua Hits Northwest Coast of Australia as Cat 4 Storm

Following earlier predictions, tropical cyclone Lua came ashore on Australia’s northwest coast, the “Pilbara” coast, as a strong category 4 storm; i.e. wind speeds from 130 to 156 mph – 209 to 251 km/h. It subsequently weakened as it moved …

A. J. Gallagher Acquires Canadian Broker BenefitLink Resource Group

Arthur J. Gallagher & Co. announced the acquisition of BenefitLink Resource Group, Inc., in Calgary, Canada. Terms of the transaction were not disclosed. The bulletin said BenefitLink was established in 2001, as an employee benefits insurance broker and consultant, providing …

Venezuelans Threaten Mass Lawsuits for Faulty Breast Implants

Some 2,000 Venezuelan women are threatening to sue doctors, private clinics and distributors for faulty PIP breast implants if they do not get free replacements in one of the world’s hottest markets for plastic surgery. The image-conscious South American country …

IMF Head Sees Global Economy on Recovery Path, but Risks Remain

The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, …

Development Bank Plans Natural Disaster Fund for Latin America

The Inter-American Development Bank has proposed allowing member countries to tap loans in case they need to respond to natural disasters, the multilateral lender’s president said on Saturday. Luis Alberto Moreno said the disaster funding would be financed by credits …

HDI-Gerling UK Appoint Blanco as International Liability Underwriter

Industrial Insurance Company HDI-Gerling, which is based in the UK, has appointed James Blanco to the position of Senior Liability Underwriter in London. He joins HDI-Gerling from the HCC Syndicate at Lloyds where he was International Casualty Underwriter. Blanco has …

Florida Battles Over Beach Erosion, Costs of Replenishment

The St. Joseph Peninsula is picture-perfect Florida: 17 miles of sugar sand beach interrupted by a few clusters of homes, each with a million-dollar view of the Gulf of Mexico. But according to state officials, the peninsula on Florida’s Panhandle …