An Alabama insurance regulator has turned aside an offer to become head of Louisiana’s property insurer of last resort. The Louisiana Department of Insurance says Charles Angell has decided to stay in Alabama. He had been recommended by Insurance Commissioner …
Insurance broker Marsh has appointed three industry veterans to its new Global Rail practice. Jim Beardsley joins the unit as Global Leader. Joining him are Jim Wolfarth as senior vice president, Casualty, and John Raymond as senior vice president, Property. …
Kansas Insurance Commissioner Sandy Praeger is currently making the annual distribution of funds to state and local firefighter relief organizations. More than $9.7 million will be distributed among 580 local Firefighters Relief Associations (FRAs) across the state. That is $500,000 …
Three insurance brokers from Maryland have pleaded not guilty to charges that they bilked the city of Perth Amboy, N.J., out of more than $216,000 by collecting payments for a nonexistent wellness program for city workers. Francis X. Gartland of …
The Iowa Department of Insurance reports that insurance companies and insurance producers may be in violation of an administrative rule issued by the Iowa Alcoholic Beverages Division (IABD) in relation to dram shop insurance. Iowa Administrative Code rule 185-5.8 outlines …
Specialty insurer Markel Corp., has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small businesses in 31 states. Aspen, which is headquartered in Omaha, Nebraska, operates primarily …
The first typhoon to lash the Philippines this year killed at least nine people and left 11 others missing Wednesday after flooding streets in the capital and toppling power lines. Typhoon Conson slammed into northeast Quezon province with winds of …
Warren Buffett’s Berkshire Hathaway Inc. will take over asbestos and environmental pollution risks now held by CNA Financial Corp. in exchange for a $2 billion fee. CNA, which is the nation’s seventh-largest commercial insurer and 90 percent-owned by conglomerate Loews …
Claims specialists Cunningham Lindsey Group Limited have completed four strategic acquisitions in Europe. President and CEO Philippe Bès reported that the Group is “ahead of our internal plans in the implementation of this expansion program, and have completed most of …
The Bermuda-based Argo Group International Holdings announced that it expects to report in its 2010 second quarter financial results “approximately $20 million to $25 million of estimated pre-tax loss provisions, net of reinsurance and reinstatement premium, related to spring storms …
