The first quarter of 2013 saw $1.6 billion of new issuance in non-life capacity marketed through five catastrophe bond transactions, including three transactions marketed in the first quarter and closed at the beginning of the second quarter, according to Willis …
Liberty Mutual Insurance’s Commercial Insurance business unit announced that Patrick Tully has been appointed vice president and managing director of distribution in the Northeast division of its national insurance operation. Based in the company’s New York City office, Tully will …
A New York State Assemblyman has introduced a bill that seeks to prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, was introduced on May 17 by Assemblyman Phil Goldfeder (D-Rockaway Park). “In the …
The damage from Monday’s tornado in a suburb of Oklahoma City is likely to exceed that caused by the 2011 twister in Joplin, Missouri, that killed 161 people, Oklahoma Insurance Commissioner John Doak said. In an interview with Reuters after …
Gene Eisenmann, a leader in the excess and surplus lines industry in Texas and nationally, has passed away after a long battle with a host of illnesses, his family by his side. A giant of E&S lines, Eisenmann built companies, …
Fleet managers and parents of teenager drivers were given another weapon in their battle against distracted driving on Tuesday. That’s according to Cellcontrol, the maker of technology to stop distracted driving. The Baton Rouge, La.-based company unveiled its driver identification …
A new assessment by the National Weather Service indicates peak winds in the tornado that hit the Newcastle/Moore Okla., area on May 20 reached the 200 mph to 210 mph range, putting it into the classification of an EF5 event. …
Santa Rosa, Calif.-based McDonald-Leavitt Insurance Agency named Steve Heglin as a benefits specialist. Prior to joining the agency he worked for MetLife. Heglin previously owned a real estate appraisal company. McDonald-Leavitt Insurance Agency is part of the Leavitt Group.
The state Supreme Court has ruled in an ex-NFL player’s case that Connecticut lawyers can’t be sued for fraud for their conduct in court cases because of a centuries-old legal doctrine. The court’s 5-1 decision came in the case of …
Vermont Mutual Insurance Group, based in Montpelier, Vt., announced that Susan Chicoine has been promoted to vice president of human resources.Chicoine has 25 years of experience working in the human resources field. Prior to joining Vermont Mutual Insurance Group as …
