The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and not renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder Insurance …
U.S. Rep. Earl Pomeroy of North Dakota is not seeking the presidency of a Washington lobbying group for life insurers, a spokeswoman said, although an industry representative called the North Dakota Democrat a “natural” candidate for the job. The American …
Somali pirates released a Greek supertanker and its crew of 28 on Monday after a rival pirate group attacked the pirates onboard in an unsuccessful attempt to steal the ransom, the spokesman for the European Union’s anti-piracy force said. Cmdr. …
Oklahoma-based Unisource Program Administrators (UPA) has launched a new workers’ compensation specialty program for restaurants. The restaurant specialty program aimed at offering competitive rates to multi-unit fine dining, casual and fast food restaurants. It also offers claim cost containment measures, …
Tom Considine has been nominated as New Jersey’s banking and insurance commissioner. Considine, a MetLife vice president, was named to the job by incoming Gov. Chris Christie. Christie praised Considine for his extensive government relations and financial services experience. The …
Galloway, Johnson, Tompkins, Burr & Smith PLC (GJTBS), a New Orleans-based firm that has a specialty in insurance litigation, announced that Billy Swaim, James Bailey and Mike Lonegrass have been promoted to company directors. Frederick W. (“Billy”) Swaim III joined …
Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The transfer is retroactive to October 1, 2009. Swis …
The Dallas Institute of Humanities and Culture, a nonprofit organization that conducts public programs aimed at discovering what the humanities have to offer to the cultural life of the city, appointed Fred Wilkinson as its newest board member. Wilkinson is …
A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK), Bermuda-based Aspen Insurance Limited (AIL), and Aspen Specialty Insurance Company (ASIC), which is based …
Did the health insurance industry, among others, have unfair influence on California lawmakers, after it gave family members gifts? That’s the question voters and the state Fair Political Practices Commission might be asking following an Associated Press report that revealed …
