December 30, 2009
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 …
December 30, 2009
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 …
December 30, 2009
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 …
December 30, 2009
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 …
December 30, 2009
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 …
December 30, 2009
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 …
December 30, 2009
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 …
December 29, 2009
Starting next month, cigarettes sold in Virginia must comply with standards aimed at making them less likely to start fires. The General Assembly passed legislation in 2008 requiring that cigarettes sold in the state meet standards that make cigarettes more …
December 29, 2009
New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm. In addition, the company has also promoted Derek Bucciferro to senior underwriter. he has 10 …
December 29, 2009
When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school more …