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Pinnacol Officials Face Colo. Lawmakers

Officials from Colorado’s state-chartered workers’ compensation insurer Pinnacol Assurance have some explaining to do. The Legislative Audit Committee recently met to go over the company’s financial performance and lawmakers want to ask CEO Ken Ross about a golf trip to …

‘Green Energy Systems’ Now ‘Essential’ Says Lloyd’s

“Green energy systems are no longer just ‘nice to have,’ but are essential in securing our energy supply and protecting the environment,” according to a new report from Lloyd’s 360 Risk Insight and UK think tank Chatham House, entitled: Sustainable …

One Beacon Enters Exclusive Arrangement with USI Affinity

OneBeacon Professional Insurance has entered into an exclusive arrangement with USI Affinity to administer its Lawyers’ Professional Liability (LPL) insurance program, which provides liability protection solutions for law firms with up to 20 lawyers in Connecticut, Massachusetts, Maryland, Virginia and …

ACE Global Markets Appoints Brett Director of Aviation

ACE Global Markets (AGM) announced from London that it has appointed Malcolm Brett as Product Line Head of Aviation. John Green, who formerly headed the unit, will remain with the company as Director of Aviation. Richard Pryce, President of ACE …

Hawaii Insurance Commissioner Schmidt Resigns

J.P. Schmidt, Insurance Commissioner of the State of Hawaii, announced he be leaving his position to join the Honolulu law firm of Bays Deaver Lung Rose Holma, effective July 1. Schmidt will be practicing general business, corporate and government regulatory …

Insurers Worry EU Could Extend Bank Levy to Other Financial Firms

The European Union could extend a planned levy beyond banks to other financial services firms, according to a report outlining the bloc’s message to G20 leaders who meet soon to tackle reform of the industry. The statement is likely to …

Explosion at West Virginia Natural Gas Drilling Site Burns 7

A fireball and explosion burned seven members of a crew drilling for natural gas at an abandoned coal mine in West Virginia Monday, the second big fire at an energy formation known as the Marcellus Shale in less than a …

Change in Michigan Law Opened Door to Lawsuits Against Hooters

An attorney for two former waitresses in Michigan who said Hooters fired them because of their weight told a newspaper the case is about civil rights. But Hooters said the appearance of its waitresses is a legitimate business concern. “This …

Insurance Women of Los Angeles Installs Officers

The Insurance Women of Los Angeles Inc. (IWLA) has installed its 2010-2011 cabinet: President Susan Fife, controller at Hoffman Brown Co.; President Elect Cynthia Andrachick, marketing specialist for Wells Fargo Insurance Services USA Inc.; Treasurer Sharon Rosenthal, account manager for …

Preferred Concepts Buys Wholesale Broker Mercator

The restructuring of the property/casualty insurance wholesale and specialty brokerage market continues as Preferred Concepts, LLC, a national program administrator, announced it has acquired of Mercator Risk Services, a wholesale broker. Mercator Risk Services is now a wholly owned subsidiary …

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