Monthly Archives: <span>September 2013</span>

Der Manouel Adds Two in California

Der Manouel Insurance Group has named Kevin Frost as a commercial risk consultant, while Reggie Sadler has joined Der Manouel’s client services unit as loss control consultant. Both will work out of California. Frost began his insurance career in 2004 …

Florida Consumer Advocate Westcott Resigns for Job with Industry

Florida’s Consumer Advocate Robin Westcott has resigned to become the vice president of the American Association of Insurance Services, an Illinois-based industry organization that develops standardized forms and rating information for 700 property/casualty insurers. Westcott, an attorney, handed in her …

Wholesaler Socius Names Dross as Vice President in Florida

Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, announced it has hired Matt Dross as vice president, Property /Casualty Practice. Dross will be based in Tampa, Florida. Dross has been an account executive and a broker in …

Billions at Stake as BP Oil Spill Trial Enters Next Phase

BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its …

Profits Steady, GWP Up, But Investments Still Low: Lloyd’s CFO Luke Savage

Lloyd’s first six months results, released yesterday, were generally good. Profits were down slightly at £1.38 billion [[$2.222 billion] from £1.53 billion [$2.463 billion] for the first half of 2012, while gross written premiums rose 4.9 percent [3.3 percent when …

West Virginia Senator Manchin Bucks Democrats, Backs Health Mandate Delay

U.S. Senator Joe Manchin of West Virginia broke ranks with fellow Democrats and said he’d support a stopgap spending plan that delays the individual mandate in President Barack Obama’s health-care law. “There’s no way I could not vote for it,” …

Insurance Institute Cites Top Cars for Crash Avoidance

Cadillac, Mercedes-Benz, Volvo and Subaru earned the highest marks in a new front crash avoidance test program developed for the U.S. insurance industry. The Insurance Institute for Highway Safety, a non-profit group funded by the insurance industry, rated 2013-2014 vehicles …

Groups Say Regulators Allow Unsafe Mexican Trucks on U.S. Roads

Regulators determined to let Mexican trucks on U.S. roads under a trade deal have downplayed safety shortcomings with companies in a border-crossing pilot program, according to safety, trucking and labor groups. Trucking authorities violated their own rules by letting one …

Neither Rain Nor Sleet But Dog Bites: Post Office Workers’ Injury Claims

The cost of workers’ compensation for the United States Postal Service (USPS) for fiscal year 2012 was $3.7 billion, a 68 percent increase from the $2.2 billion reported in fiscal year 2009. There were 32,213 reported injuries in fiscal year …

XL Puts Preliminary Losses at $60 Million from Germany, France Hail Storms

XL Group plc announced its preliminary net loss estimate related to the series of hailstorms in Germany and France in late July 2013 of $60 million, pretax and net of reinsurance and reinstatement premiums. The majority of these losses relate …