July 8, 2010
Federal agents have raided the office of a Williamson County company with a connection to the Nashville Predators. The Tennessean reports that the FBI, working with the U.S. Department of Labor and the Internal Revenue Service, executed a search warrant …
July 8, 2010
Bermuda-based Ariel Reinsurance Company Ltd. announced the opening of a representative office in Rio de Janeiro, Brazil and its approval as an admitted reinsurer by the Brazilian insurance regulator, Superintendência de Seguros Privados (SUSEP). Ariel Re’ said its “initial focus …
July 8, 2010
An insurance company must defend a homeowner who was sued after a woman overdosed on drugs at a house party he held, the New Jersey Supreme Court has ruled. This week’s ruling written by Justice Helen E. Hoens reversed an …
July 8, 2010
The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area’s debt crisis posed a big risk to recovery. The IMF said the euro …
July 8, 2010
Residential construction is and has been an extremely important class of business for surplus lines insurers and agents. In recent years, however, demand for residential work in this country has dropped dramatically. According to the U.S. Census Bureau, 1,931,400 homes …
July 8, 2010
Local taxpayers in Nashville will largely be off the hook for the costs of repairing public facilities damaged by severe flooding in May. The Tennessean quoted Metro Nashville Finance Director Rich Riebeling, who said the estimated cost of fixing public …
July 8, 2010
Ironshore has introduced an insurance program to protect against adverse risk exposures for U.S. commercial properties that are vacant or partially occupied. Ironshore Property’s newest program, Ironshore Vacancy Assure, was designed to address risk exposures unique to properties with low …
July 8, 2010
State mine safety workers are meeting face-to-face with coal miners at the job site to urge them to be vigilant about potential underground collapses, which have killed four miners in Kentucky this year. Mine Safety and Licensing Director Johnny Greene …
July 8, 2010
MarketScout Wholesale (MSW) has expanded operations opening a new location in Tampa, Florida. Greg Lyons joined MSW to lead Florida operations as a senior broker. Prior to joining MSW, Lyons was a property broker with Appalachian Underwriters and CRC Insurance …
July 8, 2010
Pontiac authorities say a serial arsonist is responsible for a spate of recent fires. Since March, 16 unoccupied homes and apartments have been torched throughout the Detroit suburb about 20 miles north-northwest of Detroit. Eleven have been set ablaze during …