Blue Bell, Penn.-based PMA Companies promoted Ken Stanley to senior vice president–distribution management and field operations.In this newly created position, Stanley will be responsible for the execution of PMA’s agency distribution strategy and will lead PMA’s network of branch offices. …
The administrator of a class-action settlement between petroleum giant BP and oil spill claimants said that more than 34,000 Florida businesses and individuals so far have been approved to receive $332 million. Patrick Juneau was in Tallahassee to meet with …
Florida lawmakers considering how to implement the federal health care overhaul sought information this week from two economists on the Massachusetts initiative that served as the blueprint for the national plan. Massachusetts pioneered an approach emulated in the federal Affordable …
While global economic losses were close to average in 2012, insured losses last year were 36 percent higher than the 10 year average ($72 billion vs. $53 billion) because the two most costly events of the year occurred in the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based JRG Reinsurance Company, Ltd. and its U.S. affiliates, Ohio-based James River Insurance Company(JRIC), James River Casualty Company, based …
With a mild winter, relatively warmer weather in general, and drought conditions expected to continue in 2013, the Insurance Institute for Business & Home Safety (IBHS) is urging home and business owners to take action now to effectively reduce their …
A new imaging technology being deployed by Fireman’s Fund Insurance Co. can help reduce the risk of catastrophic damage, injury and loss of life due to fire. It can also spot potential water damage to homes and personal property before …
President Barack Obama will nominate former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, the White House said on Thursday, showing a desire to have a tough cop policing Wall Street. White, the former U.S. attorney …
The U.S. National Transportation Safety Board is looking at issues raised by more than one whistleblower as it investigates battery failures that have grounded the global fleet of 50 Boeing Co. 787 Dreamliners for a week. Michael Leon, one of …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has published its Annual Global Climate and Catastrophe Report along with the establishment of a new website, Catastrophe Insight, which, it noted, “provides 10 years of catastrophe data, …
