Monthly Archives: <span>January 2016</span>

Massive Blizzard Brought Flooding to Jersey Shore, Coastal Towns

A massive winter storm that dumped as much as 3 feet of snow on the eastern United States raised flood waters in communities up and down the Atlantic Coast Saturday, closing roads and prompting evacuations. The first round of flooding …

Browning-Ferris Files Appeal of NLRB’s Joint Employer Liability Ruling

A California waste management company has launched a legal challenge to a new U.S. labor board standard for “joint employment” that could make it easier for unions and regulators to hold companies accountable for the practices of staffing agencies, contractors …

Report: East Coast Blizzard to Cause Multi-Billion Dollar Economic Losses

Massive blizzards that paralyzed much of the U.S. East Coast in the past few days are likely to cause “multi-billion” dollar economic losses in one of the worst storms in the region in over a century, reinsurance broker Aon Benfield …

Gleason Tapped to Head Global Energy Industry Practice at Ironshore

Ironshore Inc. has named Ronald A. Gleason as Global Energy Industry practice leader. A senior vice president based in Houston, Gleason currently serves as Ironshore’s regional executive for South Central. He will continue in that role. Gleason will be responsible …

Snowy East Coast Digs Out After Massive Weekend Blizzard

Millions of Americans started digging themselves out Sunday after a mammoth blizzard with hurricane-force winds and record-setting snowfall brought much of the East Coast to an icy standstill. New York and Baltimore began lifting travel restrictions and hearty souls ventured …

Vullo Nomination Signals Shift at N.Y. Dept. of Financial Services

New York Governor Andrew Cuomo signaled a shift in New York’s oversight of Wall Street, tapping a longtime corporate lawyer to run the state banking regulator previously overseen by an aggressive career law enforcer. Cuomo on Jan. 21 nominated Maria …

KBW Analyst Dismisses AIG Mortgage Business Spinoff

American International Group Inc.’s plan to spin off a portion of its mortgage insurance unit is “almost pointless” given the challenges that Chief Executive Officer Peter Hancock faces to fix the much larger property/casualty business, an analyst at Keefe, Bruyette …

Oklahoma to Host 5th Annual Tornado Summit

The 2016 National Tornado Summit, the 5th annual event, will be held Feb. 29-March 2 in Oklahoma City, the Oklahoma Insurance Department announced. The National Tornado Summit is an educational forum that provides attendees with the knowledge they need to …

Vaidyan Appointed to Lead GIC Re as India’s 1st Insurer Chairwoman

Alice Vaidyan has been appointed as chair and managing director of General Insurance Corp. of India (GIC Re), the national reinsurer. She is the first woman to be appointed as chair in the history of Indian insurance industry. Vaidyan previously …

Keane, O’Brien Join Agency Alliance SIAA

The nationwide agency alliance SIAA (Strategic Insurance Agency Alliance) reports that James Keane has joined the company as vice president of MarketFinder and Aimee O’Brien is the new director of Member Services and Public Relations. Keane will be responsible for …