Socius Insurance Services Inc., a San Francisco-based management liability and property and casualty insurance wholesaler, has appointed Cynthia A. Zimmerman as vice president in its Miami office. She is charged with new business development responsibilities, focusing on management liability and …
Florida’s state-backed property insurer will seek competitive bids on part of a contract to reinspect as many as 400,000 properties that have been awarded $700 million in mitigation discounts off their insurance premiums. Citizens Property Insurance Corp. said it would …
The Intergovernmental Panel on Climate Change has admitted that its Fourth Assessment Report contained an error – in one paragraph of the 938 page document – in asserting that global warming could cause the glaciers in the Himalayan mountain ranges …
The Travelers Cos. saw its fourth-quarter profits climb 60 percent, driven largely by investment gains. The insurer posted record net income for the quarter of $1.285 billion and full year net income of $3.622 billion. It marked the best quarter …
Zurich Financial Services has announced “key enhancements to its Global Risk Assessment Module (GLORAM). The program is designed to assist businesses in coping with their risk management calculations. Zurich described GLORAM as a “fact-based management tool which simplifies the results …
Oklahoma Gov. Brad Henry signed an executive order banning state employees from texting while driving on state business. State Sen. Debbe Leftwich applauds the move but wants to take it a little further by prohibiting teens from texting while behind …
American International Group has decided not to sell its aircraft leasing unit, International Lease Finance Corp, the Financial Times said, citing people close to the situation. AIG has realized that it will not reap a big profit from the divestment …
Tapco Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA specializing in high-volume, transaction-based excess and surplus insurance lines, is opening an underwriting service center in Dallas, Texas. Tapco veteran Ellen McBride will manage the Dallas office. McBride has more than 25 …
A report from the Association of British Insurers estimates that the floods in Cumbria in the northwestern part of England and parts of Southern Scotland in November have exceeded £200 million ($322 million) [See IJ web site – https://www.insurancejournal.com/news/international/2009/11/23/105496.htm]. The …
The Illinois Department of Insurance has revoked the licenses to sell insurance of Daniel Martin Deitz of Bloomingdale and his Schaumburg-based agency Danny Martin CLU and Associates (collectively “Martin”) and imposed a $100,000 fine – the maximum penalties allowed under …
