January 26, 2010
A soil shift in northwest San Antonio led to the evacuation of dozens of homes over fears that two retaining walls could collapse near widening gaps. Engineers are trying to try to determine why the soil is giving way, leaving …
January 26, 2010
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 …
January 26, 2010
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 …
January 26, 2010
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 …
January 26, 2010
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 …
January 26, 2010
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 …
January 26, 2010
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 …
January 26, 2010
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 …
January 26, 2010
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 …
January 26, 2010
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 …