Texas Mutual Insurance Co. announced a $471,031 dividend to the Texas Machinery and Equipment Dealers (TM&E) workers’ compensation purchasing group. The group’s third annual dividend grew $383,228 over last year, largely due to its growing premium volume and favorable loss …
Strengthening its presence in the Florida property/ casualty market, global professional services company Towers Watson has appointed two industry veterans with experience in the state. Robert Betz has been named practice leader for the company’s Florida P/C insurance services, and …
North Carolina coastal homeowners will soon be entitled to bigger breaks on their insurance premiums for taking steps to protect their homes against storms. Insurance Commissioner Wayne Goodwin has ordered a schedule of mitigation credits that will be effective May …
A reckless rigger’s safety shortcuts caused a crane collapse that killed seven people, a prosecutor said as the man’s manslaughter trial began Tuesday. His lawyer said the rigger was being unfairly blamed for bad decisions that set up a vulnerable …
Breckenridge IS, Inc., a specialty underwriter and program management company based in Cleveland, has acquired Overby-Seawell Co., a Kennesaw, Georgia-based specialty financial services insurance broker to lenders. Breckenridge IS oversees specialty wholesale insurance brokerage, managing general agencies and underwriting and …
U.S. terrorism insurance purchase rates continued to climb in 2009 as companies of all sizes and across all industries continued to buy terrorism coverage, according to a report by global broker Marsh. Sixty-one percent of firms surveyed by Marsh purchased …
Lloyd’s has announced its first ever Science of Risk prize. The initiative, aimed at “risk-related research from PhD students or Post-Doctoral research staff,” is focused on studies in the following categories: — Natural hazards — Climate change — Technological risks …
Global insurance brokers Willis Group Holdings has appointed Michael K. Neborak as executive vice president and Group chief financial officer. Neborak will report to Joe Plumeri, chairman and CEO, and will serve as a member of Willis’ Executive Committee. He …
A jury said he deserved $2.3 million, but appeals judges have thrown out a lawsuit filed by a man hit by a New York City subway train after drunkenly falling on the tracks. A decision released Tuesday says jurors didn’t …
