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

Judge: NYC Could Owe Over $128M in FDNY Lawsuit

A federal judge said last Thursday the amount of back wages owed minorities affected by discrimination in the city’s firefighter entrance exams could be more than $128 million. In a decision, U.S. District Judge Nicholas Garaufis said hearings will be …

Commercial Lines Prices Up for 4th Straight Quarter: Survey

Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price increases are beginning to offset portions of reported claim cost …

Rajab Appointed Aon Benfield’s New CEO for Middle East, North Africa

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., announced that Ahmed Rajab, an executive with 15 years of experience in the reinsurance industry, will become CEO, Middle East & North Africa. The bulletin noted that this …

Florida Passes PIP Reform Bill

Gov. Rick Scott got the legislation he wanted to reform Florida’s mandatory motor vehicle no-fault law and crack down on the abuses in personal injury protection cases that have led to skyrocketing increases for coverage. Whether the new measure will …

Willis Names Bellone for Europe Capital Markets & Advisory Unit

Willis Group Holdings announced the appointment of Andrea Bellone as Managing Director in the European team of Willis Capital Markets & Advisory (WCMA), effective immediately. He is based in London and reports to Michiel Bakker, Head of WCMA Europe. Bellone …

ICA Declares Flood Zone Catastrophe; Economic Losses May Top $1.5 Billion

The Insurance Council of Australia has declared widespread areas of New South Wales and Victoria a formal catastrophe zone. The ICA said the declaration covers the NSW Riverina, NSW Central West and northern Victoria, where a number of communities have …

Japan Marks One Year Since Earthquake – Tsunami Disaster

People across Japan prayed and stood in silence on Sunday to remember the massive earthquake and tsunami that struck the nation one year ago, killing just over 19,000 people and unleashing the world’s worst nuclear crisis in a quarter century. …

Negligence Claims Bills Sent to Florida Governor’s Desk

A claims bill that would pay $2.4 million to the parents of murdered Tallahassee police informant Rachel Hoffman went to Gov. Rick Scott after a final vote Friday in the Florida Senate. The measure (HB 7131) will allow the city …

American Claims Management Appointed Dalessandro Director of Business Development

San Diego, CA, 03/12/12 – American Claims Management, Inc. (ACM), a national third party administrator, has hired Jeffrey Dalessandro as director of business development. Effective February 27, 2012, Dalessandro began overseeing all of ACM’s new business development endeavors as it …

Judge Combines West Virginia Slurry Pollution Cases

The claims of hundreds of Boone County residents who blame coal companies for contaminating their water supplies will be heard in a single trial, a judge ruled last week. Circuit Judge William Thompson issued an order consolidating 155 individual medical …