Novato, Calif.-based Fireman’s Fund Insurance Co. has appointed Brian Specht vice president of professional liability in commercial insurance. He will be responsible for driving the product strategy for the company’s professional liability business which includes accountants, lawyers, directors and officers, …
A workshop held in Lloyd’s Old Library sought to answer that question, by examining the impact global warming could have on the hurricane season. Lloyd’s cited the fact that “analysis of weather patterns and damage losses over the last 100 …
Cheyenne, Wyo., may tighten its rules for taxi cab companies that operate in the city. The council is set to vote next week on a requirement for taxis to display the vehicle’s commercial insurance policy. The new rules would also …
Aon Benfield announced the launch of ImpactOnDemandSM , which it described as a “new generation of its flagship risk management tools, which continue to allow insurers to visualize, quantify and connect their exposures to catastrophic events. Insurers can upload their …
Giant insurance broker, Aon Corp., said it will resume taking contingent commissions from insurers where they are permitted— reversing its policy on the controversial compensation just six months after a legal settlement banning the volume-based payments was lifted. In a …
Britain and the United States said Tuesday it was not too late for a peaceful solution to the crisis over Iran’s nuclear program, but said they were determined to enforce new sanctions. The United Nations approved sanctions against the Islamic …
The South Central states of Louisiana and Texas posted job gains for the month of June, but Arkansas and Oklahoma saw slight losses in employment. The Louisiana Workforce Commission reported Louisiana’s seasonally adjusted nonfarm employment grew by 5,800 jobs from …
Private weather forecaster WSI Corp cut its forecast for named storms in the 2010 Atlantic hurricane season on Tuesday, but still sees an active season with water temperatures and wind conditions conducive to violent storms. In its latest tropical storm …
President Barack Obama on Wednesday signed a sweeping overhaul of the financial regulatory system. The “Dodd-Frank Wall Street Reform and Consumer Protection Act,” drafted in response to the recent financial crisis, makes significant changes to financial services regulation. The 2,300-page …
State Sen. Ralph Hudgens garnered about 21 percent of the vote while Atlanta attorney Maria Sheffield grabbed about 20 percent, setting the stage for an Aug. 20 runoff in the Republican race for Georgia insurance commissioner. Georgia requires a candidate …
