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

Typhoon Halong Inundates Japan: AIR Analysis

Catastrophe modeling firm AIR Worldwide’s report on former Typhoon Halong notes that it was downgraded to a tropical storm before making its first landfall in Japan on Shikoku Island at approximately 6 a.m. Japan Standard Time (JST), 15:00 UTC on …

Atlas General Insurance Services Named One of the Best Places to Work in San Diego in 2014 by the San Diego Business Journal

San Diego, CA, 8/12/2014 – Atlas General Insurance Services, LLC, has been named as one of the 2014 Best Places to Work in San Diego by the San Diego Business Journal. This is the fourth consecutive year that Atlas General …

CNA Appoints Motamed Chairman of CNA Europe Board of Directors

Thomas F. Motamed, chairman and chief executive of CNA Financial Corporation, has been appointed chairman of the CNA Insurance Company Limited (CNA Europe) Board of Directors, effective as of August 18, following approval from the Prudential Regulation Authority (PRA). He …

Fitch Raises Italy Insurance Market Outlook as 1st Half Betters Expectations

Fitch Ratings has revised its outlook to stable from negative, reflecting expectations that insurers’ profit and capital adequacy will be resilient amid the Italian recession. The outlook also reflects reduced credit risk on certain Italian insurers’ balance sheets, following the …

XL Group’s Trade Receivables Insurance Team Grows in US and UK

XL Group announced that it is addressing “businesses’ growing interest in Trade Receivables Insurance (TRI),” with the addition of “underwriting resources with the appointments of Jennifer Papadimitriou in London; Paul C. Haigley III and Aaron Rutstein in Baltimore and Agatha …

Chemical Spill Claims Against West Virginia Company Top $160M

When coal-cleaning chemicals seeped into West Virginia’s biggest water supply in January, the city of Cincinnati had a decision to make 200 miles downstream. As the city feared, a sheet of contaminants cruised down the Elk River, into the Kanawha …

Female Bank Robbery Conspirator Charged With Workers’ Comp Fraud

Aurora Barrera, 33, of Downey was arrested on charges related to her allegedly submitting a fraudulent workers’ compensation claim for treatment of post-traumatic stress disorder associated with a robbery, she assisted in staging – at a bank where she worked …

Maryland Insurance Commissioner Appoints 2 to Top Posts

Maryland Insurance Commissioner Therese M. Goldsmith announced the appointment of Michele T. Oshman as the state’s associate deputy insurance commissioner and Victoria August as associate commissioner for compliance and enforcement at the Maryland Insurance Administration (MIA). As associate deputy commissioner, …

Coverys to Acquire ELM Exchange in Maryland

Coverys, a Boston-based medical professional liability insurer, announced it has finalized an agreement to acquire ELM Exchange Inc. in Rockville, Maryland. ELM provides customized online educational programs that are designed to help healthcare providers minimize clinical risk and maximize patient …

Government Action, Insurance, Software Product Liability Urged for Cyber Security

Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster. Even though some experts are outraged by the extent of U.S. Internet …