Monthly Archives: <span>February 2014</span>

Georgia Estimates Snowstorm Claims at $10M

Georgia Insurance Commissioner Ralph Hudgens said Georgians have already filed more than an estimated $10 million in claims related to last week’s snow storm. Hudgens said in a statement that insured losses include damage to insured homes and vehicles. He …

Spalding, Small Join Lockton in Nashville

Privately-held insurance broker Lockton has added longtime Nashville healthcare professional Maggie Spalding and healthcare insurance advisor Heidi Small to its team. Spalding has been named vice president and account executive and will be responsible for healthcare insurance program development, negotiation, …

Court Denies AIG Ex-CEO Greenberg Bid to Remove Judge From New York AG Case

Maurice “Hank” Greenberg, the former chairman of American International Group Inc., lost his bid to remove a judge from a lawsuit brought in 2005 by the New York state attorney general accusing him of accounting fraud. In the case, which …

NAS in California Pushing Specialty Brand Identity

Los Angeles, Calif.-based NAS Insurance Services launched a rebranding campaign, unveiling a new logo and website on Tuesday in line with the specialty insurance market. According to NAS CEO Richard Robin, the new branding is intended to communicate the firm’s …

ANV Makes Structural Changes, Additions to Lloyd’s Syndicate 1861 Team

ANV Holdings BV, the Dutch headquartered specialty insurance business, announced a wide restructuring of its underwriting leadership within ANV Syndicate 1861. The bulletin described the initiative “as a testament to both the depth and versatility of its senior underwriting team …

RSA Hires Ex-RBS Boss Hester as CEO after Irish Losses

RSA Insurance Group Plc has hired former Royal Bank of Scotland Group Plc CEO Stephen Hester to lead the U.K. insurer as it seeks to put a scandal at its Irish unit behind it. Hester, 53, succeeds Simon Lee, who …

Xchanging Launches ‘Binder 360 Services’ for Bordereaux Conversions

The London-based business process, procurement and technology services provider Xchanging announced the launch of its bordereaux transformation solution, ‘Binder 360 Services’, to an audience of more than 130 insurance professionals. The Binder 360 Bordereaux Transformation Service was developed in a …

AXIS Capital Posts $172 Million Q4 Net Income; $284 Million Full Year

Georgia Lawmakers Eye Regulations for Drones

Georgia would take the first steps to regulating the use of drones through legislation under consideration in the General Assembly. Rep. Harry Geisinger, R-Roswell, has sponsored a bill that would provide for the lawful use of unmanned aircraft in certain …

Senate Joins House in Passing Farm, Crop Insurance Bill; President Says He Will Sign

The Senate passed and sent to President Barack Obama a measure that sets U.S. agricultural policy for five years, ending the toughest legislative battle on renewal of the farm bill in almost two decades with cuts to crop subsidies and …