Gerry Tollan has joined Faber & Dumas, the wholesale brokerage division of Willis Group Holdings, as Business Development Director, effective immediately. He is based in London and will report to Steve Hearn, CEO. Tollan will focus on “driving revenue growth,” …
The Illinois Department of Insurance reported it has observed increased competition and 10 percent decrease in premium paid in the medical malpractice line of insurance since reforms were enacted in 2005. The Department of Insurance is urging insurers not to …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC) announced that they will sign a Memorandum of Understanding (MOU) formalizing “a partnership to facilitate capacity building and to develop …
Investigators say DNA evidence collected at the site of one of several Texas churches destroyed by arson links one of two suspects to the blaze, and they haven’t ruled out more charges. Jason Robert Bourque, 19, and Daniel George McAllister, …
Gloom and frustration pervaded the World Trade Organization on Monday as the prospects of completing a new global commerce pact this year receded. The WTO’s 153 members had agreed to take stock at the end of March on whether the …
The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was unveiled in December. Pat Ryan announced …
The New York State Insurance Fund (NYSIF) says its program targeting workers’ compensation insurance fraud resulted in 154 arrests and $16.6 million in recoveries and estimated savings last year. NYSIF is the Empire State’s largest workers’ compensation insurer and employs …
Texas Mutual Insurance Company has earned recognition from UnitedHealthcare for its commitment to employee health and wellness. Ten other companies around the country earned the award. Award criteria included executive support for the health program, the presence of wellness champions …
Paul Kangas has joined specialty insurer Assurant Inc. as vice president of federal policy and government relations, based in Washington, D.C. Kangas will be responsible for federal legislative and regulatory issues as they relate principally to Assurant Solutions and Assurant …
Despite soft market conditions, the anticipation of less favorable loss reserve releases and a contracting economy, the U.S. commercial lines insurance market remains relatively stable. According to A.M. Best, while the pricing behavior of commercial lines insurers is always difficult …
