XL Insurance appointed Gary S. Kaplan to the newly created position of executive vice president and North America Construction leader. Kaplan, who will be based in New York, joins XL Insurance from Zurich North America Commercial where he served as …
The Ohio Supreme Court has issued a slip opinion finding that attorney fees are distinct from punitive damages and that public policy does not prevent an insurance company from covering those fees on behalf of an insured. In Neal-Pettit v. …
New Jersey-based NIA Group, part of Marsh Agency, has hired three new insurance producers in its Mount Laurel, Paramus and Somerset offices. Derek Kimmel, who joins the Mount Laurel office, has broad experience in employee benefits and property and casualty …
General Star Management Company has launched a new miscellaneous professional liability (MPL) program available in all states. The program is offered through V3 Insurance Partners LLC, General Star’s exclusive program administrator for this new national facility. The Vantage360 MPL program …
Nearly one month after the April 23-24 tornadoes, federal disaster assistance provided to tornado survivors reached more than $2.4 million, according to the Mississippi Emergency Management Agency and the Federal Emergency Management Agency. More than 1,600 individuals, families and businesses …
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to US$ 80 million from special-purpose vehicle EOS Wind Ltd, which placed a catastrophe bond in the market. “MEAG, Munich Re’s asset management company, came up with …
Drivers who make a left turn in the face of oncoming traffic may also face a traffic ticket, under a measure signed into law by Gov. Brad Henry. The new law, which goes into effect on Nov. 1, eliminates language …
Agreeing on a $1 trillion safety net may prove the easy part of saving the euro now the European Union’s leaders are turning to the divisive issue of tightening economic policy coordination. The European Commission wants to reinforce economic surveillance …
The U.S. Senate approved a sweeping Wall Street reform bill Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. By a vote of 59-39, the Senate approved S. 3217, the “Restoring America’s Financial …
Joe Plumeri, Chairman and CEO of Willis Group Holdings, “told an audience of insurance executives that the new UK Government must address the struggling economy to spur growth in the British insurance industry, while calling on the EU to resolve …
