Yearly Archives: <span>2013</span>

Liberty Mutual to Enter Mexico with Acquisition of Surety Company

Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable Liberty Mutual Surety, a business unit of Liberty Mutual’s Global Specialty strategic …

Clinton, Democrats Pressure White House to Amend Healthcare Law

The growing pressure on President Barack Obama to adjust his problem-plagued healthcare law seemed to boil over on Tuesday, as leaders of Obama’s Democratic Party called on him to allow a change in the law so that Americans who are …

Doubts About CEO’s Controls at Insurer Raised by RSA Irish Accounting Inquiry

In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and praised his “outstanding record.” Two months later, he suspended him. Smith, 45, and two fellow executives were placed …

Reinsurer Arch to Help Freddie Mac Cover Mortgage Losses

Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital Group Ltd.’s Arch Reinsurance Ltd. unit, expanding risk- sharing efforts by the government-backed company. The policy will cover as much as $77.4 …

40 Years On, Mount Kisco Child Care Center Serves Working Families

Fragile. At risk. Low income. Recent immigrant. These terms describe some of the families whose children attend Mount Kisco Child Care Center in the northern suburbs of New York City. But another term that describes these families is: Working. It’s …

Atlas General Insurance Services Recognized as a Top Workplace and a Medallion Winner in the Workplace Excellence Awards by the U-T San Diego and the San Diego Society for Human Resource Management

San Diego, CA, 11/13/13 – Atlas General Insurance Services is pleased to announce that it has been selected as a winner in the small business category in the First Annual U-T San Diego Top Workplaces Awards. Atlas has also been …

Much of Eastern Asia Underinsured for Weather As Risk, Values Rising

Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated over the last three decades, according to an analysis by Munich Re. According to the German reinsurer, the …

New Global Ratings Agency to Vie with Moody’s, S&P, Fitch

Credit ratings organisations from five countries are launching a new global agency, touting it as an alternative to the Big Three agencies which they say no longer meet the needs of the new globalised world. In a statement on Tuesday, …

Indiana Students Develop Plans to Fight Nature’s Fury

Jerzie Eagle and Liesl Elkin pointed to their topography map that showed the eight acres of flood-prone land around Carter and Murden streets in Kokomo, Ind. This is where their arboretum will go once the city tears down the homes …

Baker Joins LevelFirst in Dallas

LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas, has announced a new staff addition. Sara Baker has joined LevelFirst as an insurance technician. She will be responsible for handling support functions with a focus on LevelFirst …