The UK’s Financial Services Authority (FSA) is reviewing how wholesale markets are supervised following the interest rate-setting scandal, its chairman Adair Turner said on Tuesday. “There are no free lunches, and shoddy wholesale practice is not a victimless act, even …
Chicago-based CNA Financial Corporation and Hardy Underwriting Bermuda Limited announced the successful completion of CNA’s acquisition of Hardy, which was approved by Hardy shareholders in April 2012. The bulletin also said that “regulatory approvals for the transaction, including from Lloyd’s …
San Diego, CA, 7/3/2012 – Bruce Lees has been named Chief Marketing Officer for Atlas General Insurance Services, a program administrator with offices in San Diego, San Francisco and Denver. Bruce will have a wide range of responsibilities including broker …
The Insurance Accounting & Systems Association Inc. (IASA) has elected Louise Ziemann of State Farm to serve as president of the association for the 2012 – 2013 fiscal year. Ziemann holds both the CPCU and CLU designations, and is a …
The Consumer Product Safety Commission has approved new federal mandatory safety standards for children’s play yards. The requirements will include latches and locks that keep the play yard from folding on a child when it’s in use and minimum height …
Minor items do cause E&O claims and sometimes your carriers exploit these minor items. Almost every agency occasionally receives law suit papers and every agency knows they have to forward these papers to the carrier immediately. The papers the agency …
The Mississippi Supreme Court has thrown out a $2.5 million judgment for a Jackson woman who lost sight in one eye when purse-snatchers beat her in a supermarket parking lot. A Hinds County jury in 2009 found The Kroger Co. …
Don Whitaker, president and owner of Whitaker Insurance Associates Inc. in San Antonio, has been named president-elect of the Independent Insurance Agents of Texas (IIAT) for 2012-201. The association elected Pat Arthur, partner at McQueary Henry Bowles Troy in Dallas, …
Insured losses from two wildfires in what’s shaping up to be a historic wildfire season for Colorado may be into the “hundreds of millions of dollars,” an insurance industry association executive said on Monday. The Waldo Canyon Fire near Colorado …
Department of Industrial Relations Director Christine Baker on Monday approved implementation of the 2012/2013 Alternative Security Program, freeing $6.17 billion in capital and giving self-insured California businesses greater financial flexibility, according to DIR. The ASP is “a first-in-the-nation, innovative program …
