July 16, 2010
In a brief statement Lloyd’s of London officially welcomed the successful passage of the Dodd-Frank Act through the US Senate. Sean McGovern, Lloyd’s Director and General Counsel, stated: “We welcome the passage of the Dodd-Frank Act and look forward to …
July 16, 2010
Georgia Insurance Commissioner John Oxendine is the apparent leader in the race for the Republican nomination for governor in a just-released poll. The latest poll shows Oxendine with 31 percent of the vote to 23 percent for former Secretary of …
July 16, 2010
Investigators were looking for clues Thursday into what caused an oven at a U.S. Steel plant near Pittsburgh to explode, injuring 20 workers and starting a fire that burned for hours. The powerful blast in the coke oven at Clairton …
July 16, 2010
Willis, the global insurance broker, has named Mark Harris senior vice president in the company’s Risk Specialties Practice in Chicago. He will be responsible for business development with a focus on Fortune 1000, middle market, law firms and other professional …
July 16, 2010
Rhode Island’s Supreme Court has ruled that a man who became a quadriplegic when he fell from Newport’s Cliff Walk while on his honeymoon can move forward with his lawsuit. The city of Newport wanted to re-argue the case, but …
July 16, 2010
The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50 million for each …
July 16, 2010
It’s no secret. Insurance is a relationship business. And the agent-wholesale broker relationship is no exception. The continued soft market hasn’t stifled relationships either. Wholesale brokers are still a much needed asset to retail agents even though the need to …
July 16, 2010
Donegal Group Inc. has announced the execution of an agreement pursuant to which it will acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of West Bend Mutual Insurance Co. Michigan Insurance Co., headquartered in …
July 16, 2010
Nobody wishes for a natural disaster, but there’s nothing like a big U.S. hurricane to revitalize shares in property and casualty insurers, currently weighed down by persistently weak insurance prices. Nine analysts polled by Reuters on average said the U.S. …
July 16, 2010
EPIC (Edgewood Partners Insurance Center), a retail property/casualty and employee benefits insurance brokerage, has added Jim Gillette as a principal and senior vice president in its Los Angeles office, as well as added Diane Browne as a property/casualty insurance producer …