Goldman Sachs faced an unprecedented assault from one of its own on Wednesday after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a “toxic” place where managing directors referred to their …
LeapFrog Investments, an investment fund focused on insurance and financial services companies, announced two senior appointments as it expands its investment portfolio in Asia and Africa. David Steel, previously Managing Director of Strategic Planning for AIG, was named Director of …
Europe’s largest insurer, Germany’s Allianz SE, posed the following question: “How does climate change affect the business model of a large insurance company?” In order to find the answers Allianz announced that it’s now part of a “unique consortium including …
PERILS, Europe’s catastrophe data provider, has updated its loss report for windstorm Joachim, which occurred from December 15 to 17, 2011 in Western Europe. The second published loss estimate for Joachim is €289 million [$377 million] Thie figure is down …
According to A.M. Best Co., the frequency of catastrophe weather events represents the “new normal” for the insurance industry. “The insurance industry continues to be tested as catastrophic weather events have recently become more common and more severe,” Best said …
Laura Corogenes has joined ThinkRisk, a subsidiary of Ryan Specialty Group, as senior vice president and branch manager of ThinkRisk’s Kansas City, Mo., office. Previously a director of underwriting for another firm, Corogenes has 35 years of experience in the …
The Oklahoma Senate has rejected a proposal that would have prevented teenagers from using cell phones while driving. The Senate voted 22-20 for the bill by Tulsa Republican Brian Crain, falling short of the 25 votes needed for passage. Senate …
The California Supreme Court ruled that a public school district may be vicariously liable for the negligent hiring, retention and supervision of a guidance counselor who allegedly sexually abused a student. And that ruling may have insurers taking a closer …
Brent Humes has retired from his position as executive vice president of Monterey, Calif.-based Strongwood Insurance Holdings Corp. Humes served with Strongwood for 10 years. Prior to joining Strongwood, Humes spent more than 30 years with The Hartford. Humes was …
Home improvement contractors, used cars, insurance claims and foreclosure scams were among the top consumer complaints lodged by Massachusetts residents in 2011. Several state and federal agencies gathered Tuesday to release their lists of the top five consumer gripes of …
