ANV Holdings BV, a Dutch specialty insurance business, has opened a U.S. managing general underwriter focused on communications and data security risks for “Main Street” U.S. businesses. Leib Dodell, a veteran of the media and cyber insurance space, will lead …
The Federal Home Loan Banks jointly agreed to a three-month moratorium on admitting captive insurers, which are being used by mortgage investors to access the government-chartered system, according to three people with knowledge of the step. The 12 FHLBs offered …
Ohio in mid-April 2014 enacted stricter regulations for oil and gas drilling near faults or areas of past seismic activity, a move that some, including insurers, may view as a step in the right direction. The Ohio Department of Natural …
Bangor, Maine-based Cross Insurance announced it has purchased the naming rights of the Cumberland County Civic Center in Portland, Maine. Cross Insurance, one of the largest independent insurance agencies in New England, said Wednesday the firm contributed $2.5 million to …
Pennsylvania accused oil companies of polluting the state’s groundwater with a gasoline additive, joining states including New York, Vermont and New Hampshire that have brought similar lawsuits. Two complaints filed on Thursday in state court seek damages for cleaning up …
General Motors Co. may end up compensating many more people than the families of 13 victims it has linked to a faulty ignition switch, as it considers waiving key legal defenses in order to resolve injury and death cases out …
Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as its chairman, hired Bob Deutsch as chief strategy officer to lead an expansion that could include takeovers. Deutsch, a managing director at GCP Capital Partners Holdings LLC, will …
Kansas highest court reversed a state appeals court finding that an oil field worker was not entitled to workers’ compensation benefits after he was injured while riding home from his workplace. The nature of oil field work, where an employee …
XL Group’s global excess casualty team has added Joanne Damsky as a senior underwriter in San Francisco. Damsky reports to Matt Stitham, vice president of excess casualty’s Western zone. Damsky has 20 years of experience in the excess casualty market. …
Crime in Maine dropped 9.1 percent last year, a steep drop from the previous year and the biggest decline in 20 years, Maine Department of Public Safety Commissioner John Morris said Tuesday. The commissioner, joined by Gov. Paul LePage, said …
