A report from Munich Re confirms that losses from natural catastrophes “were far lower in 2009 than in 2008 due to the absence on the whole of major catastrophes and a very benign North Atlantic hurricane season.” However, the reinsurer …
Somali pirates have hijacked a UK-flagged chemical tanker in the Gulf of Aden, the first merchant vessel to be seized in the area in nearly six months, a maritime watchdog said Tuesday. Noel Choong, who heads the International Maritime Bureau’s …
A radical Greek anarchist group claimed responsibility Monday for an overnight bomb attack that damaged an insurance company headquarters in central Athens, and pledged to step up its bombing campaign. Nobody was hurt in the explosion Sunday night outside the …
Virginia-based Professional Governmental Underwriters Inc. has promoted Grey Lester to senior underwriter. Grey has been with PGU for nine years as a D&O/E&O specialist underwriting public officials liability, educators liability and police professional liability coverages. __ Source: Professional Professional Governmental …
The town of Greenwich, Connecticut has agreed to pay $887,000 to settle a racial discrimination lawsuit involving several minority police officers. Town officials revealed the terms of the settlement after the Board of Selectmen unanimously approved the deal. Insurance will …
Twenty-four people, including 17 New York residents, six from New Jersey and one Pennsylvania resident, have been charged with insurance fraud and other related offenses after falsely claiming to be Pennsylvania residents in order to obtain substantially lower rates on …
A former Gulf Shores, Alabama insurance company bookkeeper accused of bilking homeowners out of at least $120,000 has pleaded guilty to a lesser charge of misappropriation of insurance premiums. The Press-Register reported Monday’s plea bargain gives Benton Gray Harvey a …
A central Kentucky couple have pleaded not guilty to charges that they damaged their rental home by intentionally setting it on fire. The Lexington Herald-Leader reported that 31-year-old Debra Poole and 29-year-old Anthony Poole were each charged late Tuesday with …
Louisiana Commissioner of Insurance Jim Donelon has named Secretary of State Al Ater to serve as chief deputy commissioner of insurance, effective Jan. 11, 2010. Ater was chief deputy commissioner of insurance from July 2004 until he returned to the …
Columbus, Ohio-based Motorists Insurance Group has created a new division to focus resources on agent-facing technology, agency interface priorities and develop call center best practices for all companies in the group. In addition, the new division, MAX Service, will work …
