Cooper Gay Swett & Crawford (CGSC), the independent global wholesale and reinsurance brokerage group, announced the appointment of Phil Baker as the new President of its North American subsidiary Creechurch International Underwriters, a Canadian MGA. Baker, who is currently Executive …
Catastrophe modeling firm AIR Worldwide estimates that insured wind losses from Extratropical Cyclone Xaver will range between €700 million [$963 million] and €1.4 billion [$1.926 billion], with the majority of the losses in Denmark, Germany, and the UK. Losses also …
RSA Insurance Group Plc Chief Executive Officer Simon Lee resigned as the company bolstered reserves in Ireland. The shares fell as much as 22 percent. The insurer added an additional £130 million ($212 million) to its Irish reserves and forecast …
The U.S. Transportation Department, under scrutiny after a watchdog questioned its oversight of bus companies, pledged to do deeper investigations of carriers with suspected safety deficiencies. The department’s Federal Motor Carrier Safety Administration, which regulates the trucking and bus industries, …
The Alabama state Supreme Court has upheld a jury’s decision to award an Iranian-born businessman $7.5 million in a 2011 defamation lawsuit. AL.com reported that the court issued a unanimous decision Dec. 6 upholding its judgment against Pensacola, Fla. car …
Bond risk on QBE Insurance Group Ltd. halved in the first 11 months of the year before surging this month as the company said it would lose money. Credit-default swaps on QBE have climbed 41 basis points since Nov. 30 …
More than 280 motorists have been cited for distracted driving violations in West Virginia since a law went into effect July 1. The law makes using a handheld cellphone while driving a primary offense. It also bans texting while driving. …
When North Carolina lawmakers approved a bill expanding where concealed weapons are legally allowed, it created a dilemma for communities that had banned firearms from playgrounds. To comply with the legislation, some municipalities have had to change their local laws. …
The Austin Association of Insurance Professionals (AAIP) collected food and money for the Capital Area Food Bank at their November luncheon. At the AAIP luncheon held at the Crowne Plaza Hotel in Austin in November, a total of $750 was …
Anadarko Petroleum Corp. and its Kerr-McGee unit acted with “intent to hinder” when they spun off Tronox, the paint materials company that later went bankrupt, and should pay billions of dollars in environmental cleanup costs, a judge ruled on Thursday. …
