Two former insurance agents are vying to win the Democratic primary in Georgia today and the right to face incumbent Insurance Commissioner Ralph Hudgens, a Republican, in the November election. Liz Johnson, a retired insurance agent from Statesboro faces former …
BP Plc faces billions of dollars in additional payments after failing to convince an appeals court that the company is being forced to pay claims that aren’t directly related to the 2010 Gulf of Mexico oil spill. A three-judge panel …
A report – “Are Insurers Prepared For The Extreme Weather Climate Change May Bring?” – from Standard & Poor’s notes that “whether or not a direct result of climate change, the number and frequency of extreme weather events have increased, …
The Obama administration is investigating the health risks of hydraulic fracturing after at least four deaths among oilfield workers since 2010 in North Dakota and Montana. The National Institute for Occupational Safety and Health said the workers were exposed to …
Lloyd’s has announced three appointments with immediate effect. Fred Hu will join the Lloyd’s Council and Joy Griffiths and Sean McGovern will join the Franchise Board. The bulletin described Hu as a “renowned economist and investor. “Between 1997 and 2010 …
London-based broker Cooper Gay & Co Ltd has announced the appointment of Charles Gibbs as Managing Director, Marine, within the Marine and Aerospace Division, effective immediately. He will have overall responsibility for the company’s marine hull business, “leading Cooper Gay’s …
The UK’s RSA Insurance Group Plc said on Monday it had reached agreement to sell its majority-owned Canadian brokerage business – Noraxis Capital Corp. – to U.S. insurance broker Arthur J. Gallagher & Co. for C$500 million (US$460.60 million). One …
Members of the military and their families would be able keep their current auto insurance policies when moving from one state to another state under a bill introduced in Congress. U.S. Rep. Ed Royce (R-Calif.), a senior member of the …
Swiss Re Corporate Solutions has appointed Jeff Summerville to be head of Financial and Professional Services in North America. In this managing director role, he will lead underwriting teams for corresponding lines of business. Summerville’s primary responsibility will be Swiss …
Exxon Mobil Corp. isn’t responsible for alligators overrunning a rural dump site it owns in Mississippi, the state supreme court ruled, because the global oil explorer can’t control wild animals. The family that felt menaced by the scaly reptiles infesting …
