Albert Einstein once said “a new type of thinking is essential if mankind is to survive and move toward higher levels.” Or, as it often paraphrased, we cannot solve our problems with the same thinking we used when we created …
After 39 years of gathering, collating and disseminating the facts and figures relevant to the global insurance industry the world’s leaders and shakers are finally paying attention to the findings and recommendations of the Geneva Association. “There’s now a growing …
U.S. lawmakers moved a step closer to finalizing new sanctions aimed at further restricting Iran’s oil revenues after negotiators from the Senate and House of Representatives agreed on a compromise bill on Monday. The bill includes several new provisions seeking …
Selected earnings highlights from Bermuda-based PartnerRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.16324 bn $1.18205 bn Net premiums written ————— $1.136046 bn $1.056467 bn …
Willis Group Holdings announced the imminent opening of new Superyacht insurance brokerage office at the prestigious MB92 shipyard in Barcelona, planned for September. In connection with the new facility Willis said it “is offering all visitors a free analysis of …
Arthur J. Gallagher & Co. announced the acquisition of Grace/Mayer Insurance Agency Inc. in Omaha, Neb. Founded in 1917, Grace/Mayer Insurance Agencyis a retail insurance broker providing property/casualty, employee benefits and risk management insurance services for U.S. and international commercial …
Mercury General Corp. on Monday reported a net loss for the second quarter driven partly by an increase in severity trends, sending the Los Angeles, Calif.-based insurer’s shares down nearly 6 percent. The company’s net reported loss for the second …
Authorities say two California men were arrested this week on suspicion of running an insurance fraud scam that bilked multiple companies for hundreds of thousands of dollars. Insurance Commissioner Dave Jones said Friday 48-year-old Louis Houston of Richmond and 28-year-old …
The Nevada Highway Patrol has issued more than 4,500 citations to drivers using cellphones this year under a new state law. The Elko Daily Free Press reported the numbers from the Nevada Department of Transportation. The law banning the use …
A former undersheriff in Twin Falls County, Idaho has filed a lawsuit in federal court claiming she suffered gender discrimination during her brief time on the job. Gerlyn “Sam” Walker filed the lawsuit in U.S. District Court last week. The …
