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El Nino Drowning Texas Wildfire Threat

Central Texas rancher Debbie Davis can hardly believe the turnaround in rainfall. While her pastures were parched and withered last summer after nearly two years without appreciable rain, the area northwest of San Antonio where Davis raises beef cattle and …

Former Hawaii Insurance Commissioner Confirmed as Appeals Judge

The Hawaii Senate has unanimously confirmed Lawrence Reifurth as a judge on the Hawaii Intermediate Court of Appeals. Reifurth was selected by Republican Gov. Linda Lingle and confirmed by the Democrat-controlled Senate. Reifurth has served as director of the Department …

Riley Joins Lockton in Chicago

Kansas City-based insurance broker Lockton Companies has expanded its commercial insurance team in Chicago with the addition of Jason Riley as account manager. Riley will place and service insurance programs for Lockton’s clients in the real estate, construction and other …

Toyota Adds Prius to Global Recall List; Brake Problems Cited

Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling of its worst safety crisis. The world’s largest automaker …

Adults in Kansas Could Be Ticketed for Helmet-Less Teen Motorcyclists

It’s illegal in Kansas for someone under 18 to drive or ride a motorcycle without wearing a helmet, and teenagers can be ticketed if they’re caught doing so. Now, a new Senate bill proposes adults face penalties, too — if …

WTO’s Lamy Says Doha Deal Still Possible in 2010

A successful conclusion to the Doha round of global trade talks is still possible in 2010, but would need an injection of political energy, World Trade Organization (WTO) head Pascal Lamy said on Tuesday. A summit of leaders from the …

Abram Interstate Offers HO-3 Program for Northern & Central California

Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a market for difficult to place property risks with competitive pricing and flexibility. They will write: older homes with no age limit, seasonal/ vacation rentals, vacant, woodstoves, wood and flat …

Petros Joins Marsh’s Financial and Professional Practice

Marsh announced that Eleni Petros has been appointed as a Senior Vice President in its Financial and Professional (FINPRO) Practice in London. She specialises in Directors’ and Officers’ (D&O) insurance for the financial and professional services sector and will report …

New York to Issue Watered-Down Disclosure Rules for Agents

New York regulators are expected to release new rules tomorrow that require agents to disclose to clients some aspects of their compensation, although the rules are more palatable to agents than previous proposed regulations, according to an agents’ trade group. …

AXIS Posts Q4, Full Year Net Income Gains; Conference Call Details

Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2009 of $282 million, or $1.87 per diluted common share, compared with net income of $131 million, or $0.88 per diluted common share in Q4 2008. Net …

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