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

Johnson & Johnson Names Parmley VP of Operations

Charleston, South Carolina-based managing general agency Johnson & Johnson has named Cathy Parmley as vice president of operations. Parmley has 20 years of experience with Johnson & Johnson, most recently serving as vice president of personal lines, overseeing habitation, high …

Florida Indian Tribe Not Liable in Fatal Car Crash

An appeals court has ruled that a South Florida Indian tribe cannot be held liable for a $4.1 million wrongful death judgment stemming from a fatal 1998 car crash. The 3rd District Court of Appeal ruled that the Miccosukee tribe …

Study Tracks Rise in Attorney Involvement in Auto Insurance Claims

Attorney involvement in auto insurance claims is on the rise and varies significantly by state, according to an insurance industry study. The percentage of auto injury claimants represented by attorneys rose to 36 percent of personal injury protection (PIP) claimants …

South Carolina Workers’ Compensation Loss Costs Cut

South Carolina employers should see their workers’ compensation premiums go down this year since regulators have approved an average 7.4 percent decrease in the state’s loss costs. Director of Insurance Ray Farmer approved the new rates, which are scheduled to …

Why Conservatives’ Climate Policy Won’t Work: Flavelle

There’s a lot to like about Eli Lehrer’s argument for National Review that conservatives should stop downplaying global warming and instead try to take advantage of it. But beyond demonstrating the promise of that approach, he inadvertently shows how little …

Empire State Building Owner Seeking Dismissal of Investor Lawsuit in N.Y.

The Empire State Building’s managers asked a judge to dismiss a lawsuit over claims they deprived thousands of early investors of as much as $410 million in profit when they took the New York skyscraper public. The managers, Peter Malkin …

Financial Firms Propose Cyber War Council

Wall Street’s biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an internal document. The proposal by the Securities Industry and …

Guy Carpenter Says Reinsurance Prices Squeezed by Oversupply

Reinsurance prices declined on policies renewed for July 1 amid low losses and as record levels of catastrophe bonds drove an oversupply of capital, according to Guy Carpenter & Co. LLC. There were “price decreases across virtually all geographies and …

Maritzen to Head New Endurance U.S. Commercial Property Operation

Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation. He has nearly twenty years of experience in the insurance industry in both …

Endurance Launches U.S. Commercial Property Retail Division

Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation. Maritzen will be responsible for building a new property team with a focus on …