The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was boosted by a one-time, …
Residents living north of Corpus Christi in the Portland/Gregory communities are in the process of drying out following a 15-inch rainfall on April 16. Gregory, with a population of 2,500, reported 80 percent of its homes flooded from the storm. …
With its latest round of scholarships, the Insurance Council of Texas’ (ICT) annual funding for students enrolled in insurance and risk management classes in Texas universities has topped the half million dollar mark. The program, which began in 2002 with …
USI Insurance Services, an insurance brokerage firm headquartered in Briarcliff Manor, N.Y., acquired certain assets of BBVA Compass Insurance Agency, a unit of BBVA Compass, a financial holding company headquartered in Birmingham, Ala. The acquired business assets generated $26.7 million …
A presidential commission that investigated the Gulf oil spill blasted Congress for inaction in its report card on industry and government response to the massive BP oil spill. “Across the board, we are disappointed with Congress’s lack of action. Two …
Mississippi senators are considering making more changes to a workers’ compensation bill that sparked controversy in the Legislature this year. Supporters said the bill removes an existing bias toward workers, while opponents say changes would make it harder for workers …
BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the disaster. The London-based …
The Catlin Group Limited announced that it has been granted approval by the China Insurance Regulatory Commission [CIRC] to open and operate a wholly owned representative office in Beijing. The office will be headed by Chief Representative Freeman Zhang. The …
Vietnam’s insurance market has experienced strong double-digit premium growth in recent years and demand for insurance product is forecasted to continue, according to a recently released special report from A.M. Best Co. “Insurers have benefitted from an emerging middle class, …
Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, announced the appointment of Matthew Warren as CEO of Talbot Underwriting (MENA) Ltd., formally known as Underwriting Risk Services (Middle East) Ltd. He has over 26 years international experience in …
