San Diego-based insurance brokerage Barney & Barney LLC announced that Catherine Botello, Marc Pannier and Steve Shea have been made principals of the firm. All three have been key players in the expansion of their respective departments. “In their new …
The Utah House has defeated a bill that would ban insurance companies from excluding coverage for certain prisoners. Lawmakers voted 44-30 against House Bill 22. The measure would have applied to inmates already eligible for coverage in correctional facilities, county …
The Bermuda-based Catlin Group Limited announced the appointment of Martin Zingg as chief investment officer of the Catlin Group, effective March 1. He will be based in Catlin’s office in Zurich, Switzerland. Zingg will assume responsibility for investment strategy and …
The Illinois Supreme Court Thursday declared unconstitutional a 2005 state law that capped damage awards for a plaintiff’s pain and suffering at $500,000 against doctors and $1 million against hospitals. It was the second time in 13 years that the …
The Zurich Financial Services Group posted across the board income gains in all of its core business segments and targeted growth in profitable market areas, particularly in Global Life and from Farmers. The Group generated an increased business operating profit …
Oklahoma Gov. Brad Henry said state officials are working with their counterparts in surrounding states to speed the flow of power repair supplies and other provisions to communities hard hit by the ice storm in late January. “We appreciate the …
“Rates for Mining Property Damage & Business Interruption (PD/BI) insurance are likely to soften in 2010, but could harden again should this volatile sector experience a catastrophic loss, according to the latest Mining Market Review from Willis Group Holdings. Willis …
At Noon local time the Joint Typhoon Warning Center (JTWC), estimated that Tropical Storm Oli’s maximum sustained winds had reached approximately 130 mph (210 km/h), which would classify it as a category four hurricane. A report from Risk Management Solutions …
U.S. Treasury Secretary Timothy Geithner said Wednesday that insurer AIG’s multimillion-dollar bonus contracts were “outrageous,” but Congress can help recoup these payments by passing an Obama administration proposal to levy fees on large financial firms. “Those contracts were outrageous and …
A magnitude 5.9 earthquake has struck offshore Northern California at 12:20 p.m. PST, about 35 miles from Petolia and 50 miles from Eureka, the U.S. Geological Survey reported. This is the second earthquake in the area in less than a …
