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

Montpelier Re Announces Appointments in Property Treaty Operation

Montpelier Reinsurance Ltd., the Bermuda subsidiary of Montpelier Re Holdings Ltd., has announced several appointments in its Bermuda property treaty operation. Effective immediately, Paul Hopwood, formerly Head of US Property Treaty, has been appointed Head of Global Property Treaty and …

CNA Appoints Kirchgessner Vice President of Umbrella

Chicago-based CNA Financial Corp. has appointed J. Michael Kirchgessner as vice president of Umbrella for Commercial Underwriting. Kirchgessner will begin with CNA on Aug. 13. He comes to CNA with almost 20 years of industry experience. He most recently held …

New Commissioner Joins Connecticut Workers’ Compensation Commission

The Connecticut Workers’ Compensation Commission announced this month that Stephen Morelli has joined the group as its newest commissioner.The commission has 16 commissioners in total, one of whom serves as chairman. The current chairman of the commission is John Mastropietro.

Markel Posts $89.7M Q2 Profit, Buoyed by Improved Underwriting Results

Glen Allen, Va.-headquartered Markel Corp. on Thursday posted $89.69 million net income to shareholders for its 2012 second quarter, a 197 percent increase from $30.31 million income reported a year earlier. Markel benefited from stronger underwriting results — especially from …

10M Honolulu Police Suit Claims Excessive Force

A $10 million federal lawsuit claims Honolulu police used excessive force in restraining a man who suffocated. The Honolulu Star-Advertiser Tuesday Tassa Torres filed a lawsuit on behalf of her brother Aaron Torres. The medical examiner’s office called the 37-year-old’s …

Montana Accounting Firm Settles Lawsuit Over Investments

A Montana accounting firm has reached settlements with six current and former farm and ranch owners who said they lost millions of dollars in real estate investments they say the firm advised them to make. The lawsuits filed against Anderson …

Workers’ Comp Deal in the Works for California

In a hush-hush environment over the last several months it appears that those who seek workers’ compensation reform have been given hope, despite the looming close to California’s legislative session. And that hope may come in the form of a …

Overheated Food Trucks Raise Red Flags in Indiana

In recent weeks, “hot trucks” have made headlines as Indiana State Police found numerous food transport trucks driving with improper refrigeration for their loads. A new Indiana law that took effect in July makes it a class A infraction to …

N.Y. Cardinal Suing Obama Over Birth Control Coverage Invites Him to Dinner

New York’s Roman Catholic cardinal is suing the Obama administration, but he’s inviting President Barack Obama to dinner anyway. The Archdiocese of New York said Tuesday that Cardinal Timothy Dolan has asked both Obama and Republican presidential candidate Mitt Romney …

New York Enacts Law Allowing Gifts Worth Up to $25 From Producers

New York State Gov. Andrew Cuomo signed a bill this month that allows property/casualty insurers, brokers and agents to give gifts worth up to $25 to insureds or prospective clients during the insurance sales process. The new law amends the …