May 17, 2010
Heggeness, Sweet, Simington & Patrico, a San Diego-based workers’ compensation defense firm and Mentz, Finn & McDowell, a San Francisco-based workers’ comp defense firm, have announced an agreement to combine operations as of June 1, 2010. HSSP provides employers, insurers …
May 17, 2010
The investigation into a series of explosions at a gun and ammunition manufacturing plant in far northern New Hampshire that killed two people has led to one machine, the state’s fire marshal said Saturday. Bill Degnan said that the investigation …
May 17, 2010
Woodland Hills, Calif.-based Zenith National Insurance Corp. announced it has commenced a consent solicitation relating to the 8.55 percent Capital Securities of Zenith National Insurance Capital Trust I, which holds as its sole assets the 8.55 percent Subordinated Deferrable Interest …
May 17, 2010
America is emerging from a deep recession caused by financial messes on Wall Street, but Dr. J. David Rogers says the Federal Reserve is still being bankrupted by natural disasters. “The National Flood Insurance Program was bankrupted by Katrina and …
May 17, 2010
After significant catastrophe losses in first quarter 2010, U.S. property/casualty insurers and global reinsurers are hoping their balance sheets don’t face further financial risks, even as conditions appear ripe for the upcoming hurricane season to be potentially as active as …
May 17, 2010
To alleviate concerns about homeowner under-insurance, the California Department of Insurance has proposed regulations governing standards and training for estimating replacement value on homeowners’ insurance. CDI hosted a hearing to garner feedback on the regulations on May 17 in Los …
May 17, 2010
British insurer Prudential launched its long-awaited $21 billion cash call and a delayed offensive to woo wary shareholders to back its takeover of rival AIG’s Asian unit. The UK’s Financial Services Authority forced the country’s largest insurer to revise its …
May 17, 2010
A federal jury has awarded a Jonesboro, Ark., church $43.6 million in its lawsuit against an insurance group that wasn’t licensed or authorized to sell insurance. Old St. Paul Missionary Baptist Church in West Memphis sued First Nation Insurance Group …
May 17, 2010
Veteran Costa Rican climate diplomat Christiana Figueres is set to be appointed as the new United Nations climate chief, sources familiar with the matter said on Monday. The sources said U.N. Secretary-General Ban Ki-moon had chosen Figueres over former South …
May 17, 2010
The Illinois Senate has confirmed Mitch Weisz as chairman of the Illinois Workers’ Compensation Commission. Gov. Pat Quinn appointed Weisz chairman in March and he has served as acting chair since that time. Weisz worked as an attorney concentrating in …