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

Lower Catastrophe Losses, Better Rate Environment Increase P/C Net Income: A.M. Best

The U.S. property/casualty industry’s underwriting and operating performance improved substantially in the first half of 2012 according to a special report by A.M. Best Co. Catastrophe losses, while remaining elevated compared with recent years’ experience, declined significantly from 2011 record …

Florida-Based Bankers Insurance Unveils New Insurance Group Leadership

Florida-based Bankers Insurance Group recently announced the company’s new leadership lineup. Lisa Bage has joined the firm as vice president of product development. Bage, a 22-year industry veteran, was a senior vice president at Unitrin Specialty after holding officer and …

Demand For Transactional Risk Insurance Jumps by 35%: Marsh

Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield their revenue and assets from the risks they face on acquisition and upon exit or sale, according to a new report issued …

Former New Mexico Sheriff’s Assistant Sues

A former administrative assistant for Bernalillo County Sheriff Dan Houston has filed a lawsuit in New Mexico claiming the sheriff created a hostile workplace for women. Deborah Garcia provided a copy of her Aug. 28 complaint to the Albuquerque Journal. …

Alaska Setting For Japanese Documentary On Tsunami

A Japanese broadcasting group is filming a documentary about tsunami debris in Kodiak, Alaska this week. NHK, Japan’s national public broadcasting station, is filming a documentary about tsunami debris in Alaska to raise awareness about the amount of debris the …

N.Y. Group Calls on Workers’ Comp Board to Fully Implement Reforms

A local commerce association is calling on the New York State Workers’ Compensation Board to fully implement the workers’ comp reforms that were enacted in 2007. The group says the Board’s delay in fully carrying out the reforms has led …

California Groups Sue EPA Over Vehicle Fees For Smog

California environmental groups have filed a lawsuit protesting a decision to combat San Joaquin Valley smog by increasing automobile registration fees instead of fining industrial polluters. The lawsuit filed Friday in the 9th U.S. Circuit Court of Appeals accuses the …

Cooper Gay Swett & Crawford Agrees to Private Equity Investment

Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, has agreed terms with Lightyear Capital LLC and institutional co-investors for a substantial investment into the CGSC Group. The Investor will own 55 percent of CGSC following …

Leavitt Group Names Milazzo in Northern California

The Leavitt Group’s Bay Area office named Trisha Milazzo as a consultant in the employee benefits division. Milazzo has more than 10 years’ experience in the employee benefits field, with expertise in human resources. The Leavitt Group Bay Area office, …

Liberty International Underwriters Expands U.S. Global Crisis Management Unit

Liberty International Underwriters has set up a Dallas-based operation dedicated to handling Global Crisis Management (GCM) business for the southeastern and southwestern U.S. Led by Tom Dunlap, assistant vice president and regional manager for southeast and southwest regions of LIU …