Monthly Archives: <span>October 2015</span>

188 People Sickened by Infection Tied to California Restaurant

Public health officials in California say at least 188 people in six counties have contracted a bacterial infection after eating at a San Francisco Bay Area restaurant. The Santa Clara County Public Health Department issued a warning to people who …

Lovitt & Touché in Arizona Names Osborn Vice President

Arizona-based Lovitt & Touché has named Magdalena Osborn vice president and general counsel. Osborn will oversee the firm’s strategic and tactical legal activities, and assist with operational strategies and initiatives. Osborn was formerly with Rusing, Lopez & Lizardi. Lovitt & …

Commercial Insurance Rates, Except Auto and Flood, Still Falling: CIAB

Commercial property/casualty insurance prices continued to decline moderately — an average of 3.1 percent— during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The CIAB survey showed a continued decline in commercial P/C …

Budget Deal Called ‘Devastating’ to Crop Insurance

The two-year budget deal produces savings from one of the most popular programs in farm country — federally subsidized crop insurance — and farm state lawmakers are furious. Senators and House members said Tuesday they weren’t notified of the cut …

Atlantic Hurricane Season Enters Final Stretch with No-Hit Record Intact

It has been 10 years since a major hurricane hit the U.S., and as the Atlantic season staggers into its last month, every day that passes seems certain to extend that record streak. Wilma was the last major system, striking …

Arthur J. Gallagher Creates Technical Advisory Board; Appoints Jack as Head

Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has appointed David Jack to lead its newly created Technical Advisory Board. The board will oversee a review of the business’ existing systems to identify ways …

Swiss Re’s 1st 9 Months 2015 Consolidated Net Income up 12% at $3.659 Billion

Swiss Re reported consolidated net income of $3.659 billion, a 12 percent increase, for the first nine months of 2015, compared to $3.255 billion for the first 9 months of 2014. $1.399 billion was earned in the third quarter. Swiss …

Talbot Australia Appoints Crisis Management Underwriting Team

Talbot Underwriting Australia, the Sydney-based branch of Talbot Risk Services Pte Ltd., has established a crisis management practice with the appointment of two leading underwriters to drive growth in specialty lines in the Australasian region. Steve Ward and Hamish McKay …

Hiscox Appoints Waddell to Lead General Liability Team with Focus on U.S. Risks

Hiscox London Market has appointed Nick Waddell as general liability line underwriter; establishing Hiscox’s first ever stand-alone general liability team as the business seeks to take advantage of a London market resurgence in U.S. general liability risks. Reporting to Neil …

Swiss Re Estimates Its Tianjin Port Explosion Losses Will Hit $250 Million

Swiss Re AG, the world’s second-largest reinsurer, posted a 13 percent increase in third-quarter profit after allowing for $250 million in losses from the chemical warehouse explosions in the Chinese city of Tianjin in mid- August. Net income climbed $1.4 …