The New York-headquartered Starr Companies appointed industry veteran Ed Navarro as head of its international insurance operations. In his new role, Navarro will drive Starr’s expansion for all areas outside of the United States. He will continue to serve as …
Virginia-based IT services provider CSC is forming an advisory board to help tackle cyber security issues in the insurance industry. It’s called the Insurance Cybersecurity Advisory Council. The company says the group will help facilitate the development of best practices …
Groups concerned about the safety of Dominion’s North Anna Nuclear Power Station are asking federal regulators to reevaluate their decision to allow the plant to restart. The U.S. Nuclear Regulatory Commission on Monday heard comments from nuclear power watchdogs, consumer …
Male pedestrians are more likely to be struck and killed than females on New Jersey roads. That’s one of the findings in the 2011 Pedestrian Safety Tracking Report conducted by the Voorhees Transportation Center at Rutgers University. The study analyzed …
An insurance company says its liability for a pre-Thanksgiving asphalt spill on the Pennsylvania Turnpike should be limited to $1 million. Hundreds of vehicles were reportedly damaged when a leaking valve on a tanker spread the gooey substance over part …
Four insurance agencies in New Hampshire announced the formation of a new partnership called Northern United Agents Alliance (NUAA). The agencies said the move will help combine their resources to meet the needs of a changing marketplace. The four participating …
Armonk, N.Y.-based bond insurer MBIA reached a settlement with Morgan Stanley over credit default swaps. Previously, Morgan Stanley had purchased these derivative contracts from MBIA to help protect its commercial mortgage-backed securities. The settlement terminates these contracts Morgan Stanley had …
The Massachusetts Division of Insurance announced a $125,000 financial settlement with Progressive Direct Insurance Company. Regulators said Progressive erroneously informed some Massachusetts consumers that they had used credit information to determine their auto insurance rate through its website. Regulators said …
USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., has completed its acquisition of Bluff Head Enterprises in Rhode Island. Bluff Head Enterprises is a Wakefield, Rhode Island, based employee benefit consulting and brokerage firm …
With inadequate pricing levels for commercial lines, low interest rates and severe catastrophe losses, it’s high time insurers focus on underwriting discipline, said a veteran insurance executive. Mario Vitale, co-chief executive officer of Aspen Insurance, said more and more insurers …
