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Marsh Sees Lower Risk Costs for National Oil Companies

“The world’s national oil companies (NOCs) could be in a position to benefit from lower overall costs of risk over the next few years,” according to an analysis from Marsh. A reduction in the number of natural catastrophes, more capacity …

Dallas Agency, Agent Partner to Form Lipscomb & Cathey

Dallas-based Lipscomb Insurance Group has partnered with Ronnie Cathey to form Lipscomb & Cathey. Cathey’s expertise includes real estate and marine insurance. Lipscomb is a full service agency offering property/casualty and life/health, as well as unusual and special insurance products …

Trade Ministers at Davos Express Pessimism on Reaching WTO Accord

Trade ministers expressed gloom on Saturday, January 30, about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging. Ministers from about 20 major economies held informal talks on the sidelines …

Maine Chicken Barn Fire Kills 72,000 Birds

Maine fire officials say they’ll probably never know the cause of a fire that killed 72,000 chickens in a barn in Belfast. The fire early Thursday morning destroyed a three-story, 500-foot poultry barn in the midcoast town. Owner Merle Grass …

More Upstate New York Properties at Risk in Floods

Federal officials say that about 6,500 more properties in Broome Count, New York than originally believed are vulnerable to floods like one that devastated parts of the region in 2006. Updated flood maps released Thursday by the Federal Emergency Management …

Lawsuit Filed Against Maryland Hospital over Stents

Attorneys have filed a class-action lawsuit against a Baltimore-area hospital that recently informed more than 350 patients that they may have received unnecessary heart stents. St. Joseph Medical Center in Towson recently sent letters to the patients informing them they …

Torus Appoints Groth Group Chief Risk Officer

Torus has appointed Carl Groth as Group Chief Risk Officer with immediate effect. He is based in New Jersey and reports to Chief Executive Clive Tobin. “Groth will drive the development of a comprehensive and integrated enterprise risk management program …

State Farm Begins Sending Non-Renewal Notices in Florida This Week

Thousands of State Farm Florida property insurance customers will be seeing notices in their mailboxes this week saying their policies will not be renewed, a company spokesman said. The first wave of notices will be mailed Monday to a selected …

Chemical Leaks at West Virginia DuPont Plant Appear Unrelated

Three recent chemical leaks at a West Virginia DuPont plant, one of which killed a worker, don’t appear to be related, a federal investigator said. U.S. Chemical Safety Board investigator Johnnie Banks promised a thorough investigation into the leaks, which …

South Carolina Bans Texting for Some Workers Driving State Cars

South Carolina’s public safety and transportation departments have banned their employees from texting while driving state vehicles. Transportation Secretary Buck Limehouse and Public Safety Director Mark Keel say the policy will improve highway safety. Budget and Control Board spokesman Mike …

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