The Solomon Islands were shaken by a string of earthquakes Monday – including one registering a powerful 7.2 magnitude – but officials in the South Pacific country said there were no immediate reports of injuries or widespread damage. The tremors …
The Philippines has ordered its seafarers, comprising about a third of the world’s commercial sailors, to go through anti-piracy training before they will be allowed to board ships, the labor secretary said Monday. The training, which lasts about eight hours, …
The Bermuda-based Max Capital Group announced the appointment of Joseph (Joe) Monk as Global Chief Actuary. He joins Max from Lane Clark & Peacock LLP (LCP), where he was head of insurance consulting. Monk joined LCP in 1995 after graduating …
The New Hampshire Legislature is expected to consider two bills that would prevent the state from enforcing amendments to building codes that expand requirements for sprinkler systems. Last month the Building Code Review Board voted to require sprinklers in every …
U.S. securities fraud lawsuits slid in 2009 as stocks rose and the credit crisis eased. Investors filed 169 prospective securities class-action lawsuits in 2009, down 24 percent from 223 in the prior year, according to a study set for release …
Specialty insurer Torus has hired three New Jersey-based executives to oversee underwriting of primary lines of general liability and auto liability for renewable energy. Angie Adams, Adam Newman and Wayne Jacobson have worked together as an underwriting team since 2002. …
A cargo ship and a chemical tanker have both been hijacked by pirates in the perilous waters off the coast of Somalia, bringing to four the number of ships seized in the past week, officials said Saturday. The multiple hijackings …
Frank H. Ahlborn has been appointed vice president and treasurer of Houston-based HCC Insurance Holdings Inc. Ahlborn joins HCC with more than 15 years’ experience in insurance product analysis and development, reinsurance funding solutions, fixed income structuring and capital raising. …
Willis Group Holdings announced that its reorganization has been completed and the new parent company of the Willis Group – known as Willis Group Holdings Public Limited Company (PLC) – is incorporated in Ireland. Willis first announced the reorganization in …
A Gresham, Ore., man has filed a lawsuit against baby product maker Amby Baby Motion following the death of his five-month-old boy in August. The death was the second linked by the U.S. Consumer Product Safety Commission (CPSC) to a …
