The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of the Company’s mortgage insurance and reinsurance operations.” Marc Grandisson was recently named to the position of Chairman and CEO of …
American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective Sept. 1. Hancock, who currently serves as executive vice president, AIG, and chief executive officer of AIG Property Casualty, will succeed Robert H. Benmosche, …
The last phase of previously announced job cuts at The Travelers Companies’ Syracuse, N.Y., office will begin in September. The company’s Worker Adjustment and Retraining Notification (WARN) Act notice, filed on June 5, shows Travelers Indemnity Company’s Personal Insurance Business …
A former executive of a prominent New York City charity has been sentenced to pay $775,000 in restitution and serve four months in jail for conspiracy and grand larceny in what authorities call a scheme to steal $9 million over …
Eleven states in the eastern U.S. will share $102.7 million in grants from the federal government to protect against future storms, with the greatest amount of funded projects in New Jersey and New York. The U.S. Department of the Interior’s …
The Connecticut Insurance Department announced on June 17 the launch of an online program that would make it easier for carriers to register their emergency adjusters with the state when a damaging storm occurs. The department said the program provides …
Connecticut Gov. Dannel P. Malloy recently signed into law H.B. 5248 that prohibits the inappropriate use and issuance of certificates of insurance. The Professional Insurance Agents of Connecticut Inc.(PIACT), an industry association which has been an active supporter of H.B. …
The National Insurance Crime Bureau (NICB) released a report on June 16 that examines thefts of sport utility vehicles (SUVs) and crossover utility vehicles (CUVs) reported stolen in the United States between Jan. 1, 2010 and Dec. 31, 2013. The …
The New York Road Runners (NYRR), a nonprofit group that organizes the annual New York City Marathon, received $15 million in an insurance payout from its insurers, Lloyd’s of London and its syndicates, for the cancelled marathon in 2012, according …
Southern California’s Rady Children’s Hospital says the private health data of more than 20,000 young patients was mistakenly shared with a handful of job applicants. In one breach in June a Rady employee emailed a spreadsheet that contained protected information …
