A disaster management official says an earthquake and a tsunami have destroyed 200 homes on one island in the Solomons leaving about one-third of the population homeless. Disaster management office director Loti Yates says visual assessments from the air Tuesday …
Todd Richardson has been promoted to regional vice president – State Auto Middle Markets Insurance (SAMMI) for the company’s Western region, which includes Utah, Colorado, Arizona, Oklahoma and Texas. Richardson will manage the SAMMI underwriting teams based in Austin, Texas, …
Willis Group Holdings announced that it is expanding its highly successful UK Willis Commercial Network (WCN) business model into Northern Ireland with the addition of three new independent brokers: McCausland Light & Rankin and Dickson & Co, both of which …
Property owners in three southwestern Illinois counties who worry they’ll have to get sharply higher flood insurance once new Mississippi River flood maps are drawn are getting a bit of a reprieve. Sen. Richard Durbin of Illinois says the Federal …
A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to National Contractors Insurance Company, Inc., RRG (NCIC), which is headquartered in Bigfork, Montana. The outlook for both ratings is stable. Best …
Virginia-based TowneBank has acquired Taylor Johnson Insurance Group, which will become part of the bank’s affiliate, Towne Insurance Agency. Taylor Johnson Group, headquartered in Virginia Beach, Virginia, employs 36 insurance, employee benefits, and risk management professionals. It is the sixth …
A poll, conducted by Marsh, concluded that “despite the continuing fall-out from the global recession, corporate governance is still a largely undeveloped discipline in the United Arab Emirates (UAE).” The survey of delegates at the Marsh Risk Consulting seminar in …
The Trustee for the WCI Chinese Drywall Trust has filed suit against 14 insurance companies in U.S. District Court, Eastern District of Louisiana, seeking indemnification for losses arising from claims for the development and sale of homes allegedly containing defective …
A former customer service representative for the North Carolina Farm Bureau Insurance Co. has been arrested on charges she embezzled premium payments from customers. North Carolina Insurance Commissioner Wayne Goodwin reported the arrest of Sheila Carol Williams of Mayodan. Department …
House Speaker Nancy Pelosi said Tuesday she was sure Democrats in the House of Representatives and Senate would produce a final health care reform plan that would hold insurers accountable and make medical coverage affordable. She did not promise the …
