Independent global broker BMS Group announced that it has launched a new global construction initiative, to be headed by Gavin Madell, who has over twenty years’ experience in the field. BMS said the new team “will provide an enhanced service …
Insurance Australia Group Limited (IAG) announced that it is restructuring its “operating model” for its Australia Intermediated business, CGU. The changes are aimed at generating “annual cost savings of around $65 million pre-tax by the end of the 2015 financial …
Preferred Professional Insurance Company (PPIC), an Omaha, Neb.-based Catholic-owned medical liability insurance firm, has hired Patti Hiemer as the company’s accounting clerk and made a number of staff changes. James O. Walters has been promoted from vice president, information systems …
When it comes to the captive insurance industry, slow and steady growth is just fine with the state of Missouri. But it’s not like the state is reluctant to encourage captives to form or relocate there. Far from it. In …
Connecticut officials are encouraging other states to consider suing credit-rating agencies that gave high grades to risky mortgage-backed securities that plummeted in value when the housing market collapsed in 2007-2008. Connecticut Attorney General George Jepsen’s office on Wednesday briefed other …
The estimated $7.8 billion settlement reached last week between BP Plc and attorneys for victims of the Gulf of Mexico oil spill left many details unresolved, but at least one thing looks like a sure bet. The lawyers are gearing …
The man who has paid out billions of dollars to victims of the massive 2010 Gulf of Mexico oil spill has been formally relieved of his duties, and a federal judge has set up a new process to let more …
Rates have been lower for medical malpractice insurance offered by NORCAL Mutual Insurance, The Dentists Insurance Company, and the Medical Insurance Exchange of California’s Physicians and Surgeons program, saving doctors, dentists and other medical providers nearly $19 million annually in …
The La Nina weather pattern blamed for a devastating drought in Texas and a bad dry spell in South America should be gone by the end of April, but its impact will persist in large swathes of the southern United …
Hawaii’s governor declared a disaster for two islands on Tuesday after three days of relentless rains caused flooding and a sewage spill on Kauai, where officials were dealing with tree-blocked roads, closed schools and dangerous surf. Gov. Neil Abercrombie’s declaration …
