GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, said Richard Solowan has been named assistant vice president of the GEICO companies. In his new role, Solowan will be responsible for the personal injury protection (PIP) staff counsel …
Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual property/casualty filer’s statutory data illustrates how big of an impact Superstorm Sandy had on the filers’ underwriting results. SNL said this week one individual filer whose 2012 underwriting …
New York-based satellite radio services company Sirius XM Radio Inc. filed a lawsuit against two directors and officers insurers last week. Sirius XM alleges XL Specialty Insurance Co. and U.S. Specialty Insurance Co.(USSIC) breached their contract by failing to provide …
Willis Programs, a specialty business unit of Willis Group Holdings, the global insurance broker, has introduced a customized insurance product for dairy operations. DairyProtector is designed for dairy farms with cows producing raw milk for bulk sales. The program delivers …
Most wealthy individuals and families who insure their assets with carriers geared primarily for the average U.S. household overpay for coverage that leaves their wealth unnecessarily exposed to the risk of severe financial loss, according to an ACE survey of …
The Oklahoma Senate has approved legislation to privatize the state’s nonprofit workers’ compensation agency. The Senate passed the measure by a vote of 36-11. It heads to the House, where a similar bill is pending. The bill by Senate President …
Indiana crop insurance payouts for losses during last year’s drought have reached a record $1 billion. Purdue University said that Indiana farmers have received the payouts for 2012 corn, soybean and wheat losses. That’s nearly twice as much as the …
Louisiana Citizens Property Insurance Corp. CEO Richard Robertson says he plans to retire June 1. Robertson told The Advocate he will return to Michigan. He had been general manager of Michigan Basic Property Insurance Association, Michigan’s state-backed insurer, for 20 …
The Springfield, Ill., fire department’s insurance rating has dropped a notch. Mayor Mike Houston says that’s because of longer response times in rapidly growing parts of the state capital. The Insurance Services Office lowered the rating from Class 2 to …
Aon Risk Solutions, the global risk management business of Aon plc, has added Max West as senior vice president in its Chicago office West will leverage his more than 15 years of experience as an underwriter and broker of environmental …
