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

Euro Zone Skirts Slump; Reprieve Seen Short-lived

The euro zone economy narrowly skirted recession in the first half of the year, but austerity programs across the region and a debt crisis weighing ever more heavily on its periphery suggest the reprieve will be short-lived. Gross domestic product …

New Storm Dumps More Rain on Flood-battered Philippines

A new storm is dumping more rain in the flood-battered northern Philippines a week after nearly 100 people died in a monsoon deluge that submerged half of the sprawling capital city. Rescuers evacuated flood-prone areas in Manila’s suburban Quezon City …

Obama to Encourage States to Build Health Exchanges

The Obama administration this week will try to encourage reluctant U.S. states to move forward with health insurance exchanges amid fears that time is running out for states to act on a reform provision meant to extend coverage to millions …

Allianz Central and Eastern Europe Operations 1st Half Results

Allianz said its Central and Eastern Europe (CEE) operations “produced solid underlying results for the first six months of 2012 in challenging economic circumstances.” The regional companies reported total revenues of for the first six months amounted of €2.053 billion …

Sullivan Brokers Enhances Casualty Practice with Addition of Vicki Snow

Los Angeles, CA, 08/14/12 – Sullivan Brokers Wholesale Insurance Solutions is pleased to announce that Vicki Snow has joined the firm’s Casualty Practice Group in the position of Assistant Vice President. “Vicki is a very competent professional wholesale broker with …

Hiscox Bermuda Appoints Palmer to Head Analytics and Research

Hiscox Bermuda has appointed Dr. Michael Palmer as Head of Analytics and Research for the group’s Bermuda operation. He will report to Damien Smith, Hiscox Bermuda’s Underwriting Director, and “will take responsibility for the analytics team in Bermuda, helping to …

Calif. Prop. 33 Language Stands

The language for an automobile persistency initiative will stand after the California Third District Court of Appeal on Monday denied an appeal filed by the backers of the Proposition 33 campaign seeking to strike part of the ballot language, including …

Maryland Senate Approves Strict Liability for All Dog Bites

The Maryland Senate has voted to change a state law so that it creates a strict liability standard for owners of all dogs, not just pit bulls.The change was in response to a court ruling that determined pit bulls are …

Mass.-Based Insurer A.I.M. Mutual Names Information Technology Manager

A.I.M. Mutual Insurance Companies, a workers’ compensation insurer based in Burlington, Mass., has promoted Abi Troy to information technology manager.Troy is responsible for all systems design, programming and development, including oversight of a new integrated policy, billing and claims administration …

Fireman’s Fund Names Derossi Chief Operations Officer

Novato, Calif.–based Fireman’s Fund Insurance Co. named Antonio Derossi its chief operations officer. Derossi will be responsible for operations at Fireman’s Fund and will be based in Novato at the corporate headquarters. He most recently served as the COO of …