Enbridge Energy Partners LP said on Wednesday that the costs of additional cleanup from a huge Michigan oil spill three years ago may push the total bill past the limit of its insurance coverage, hampering its financial results. Enbridge Energy …
RSA announced that it has concluded a bilateral agreement with major UK rural insurer NFU Mutual to help control accident claims and remove unnecessary costs. David Pitt, RSA Claims Director, UK & Western Europe, commented: “We are pleased to have …
UK-based Miller Insurance Services announced that Kevin Gill, a non-marine retrocession production and placement specialist, has joined the broker’s reinsurance team in London. James Geffen, Head of Reinsurance and Board Member at Miller, noted that Gill “is respected within the …
Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia’s biggest economies, the founder of Nordic American Tankers Ltd. said on Wednesday. Chief Executive Herbjorn Hansson said Western sanctions …
Beazley announced that Mark Vaughan has joined the company as deputy head of its reinsurance division. He moves to Beazley from Catlin, where he was senior class underwriter on the reinsurance team. Vaughan previously worked for Catlin in Bermuda and …
XXL Group’s North America Marine insurance business has launched a new suite of recreational marine coverages tailored to yacht owners called ShipShape. With limits up to $50 million, ShipShape provides a variety of recreational marine coverages including: Liability coverage that …
A state Senate health committee recommended this week that the state suspend the Florida Office of Insurance Regulation’s power to set rates for insurers under the Affordable Care Act and instead let the federal government handle that responsibility. With federal …
Geico is announcing plans to bring 1,200 jobs to Indiana and pump millions of dollars into developing a campus just north of Indianapolis. The Washington, D.C.-based insurance company plans to equip a 109,000 square-foot customer service center in Carmel. Geico …
New York Gov. Andrew Cuomo and the state’s Department of Financial Services announced the “bottom 10” banks with the worst statistics for paying out insurance claims to Superstorm Sandy victims. Officials said they have notified these banks to speed up …
Johnston, R.I.-based FM Global, one of the world’s largest business property insurers, announced $774 million net income for the full-year 2012. That compares favorably to a net loss of $41.5 million during the full-year 2011 — the year when the …
