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Insurance Industry Foundation Grants for 2010 Support Children’s Charities

The Insurance Industry Charitable Foundation (IICF) announced four new grants at the organization’s annual dinner last week in New York. This year’s grants are primarily directed to children’s charities and include Boys Hope Girls Hope New York, the International Rescue …

Aon to Acquire Construction Insurance Broker FCC Global of Spain

Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas, S.A. of Spain. Financial terms of …

Colorado Blog Calls Attention to Workers’ Comp Depression

Workers’ compensation treatment often overlooks addressing the mental and emotional consequences of an injury that keeps one out of work, the Colorado Workers’ Comp Blog says. The blog is calling attention to the fact that the state’s Division of Workers …

Parmenter Joins Cowles & Connell in Connecticut

Jeffrey Parmenter has joined insurance wholesaler Cowles & Connell of Conn, Inc., where he will serve as vice president of Binding Operations. Parmenter has more than 25 years of property/casualty underwriting experience including with S.H. Smith and Connecticut Underwriters. He …

Harleysville Insurance Names Rooney As Inland Marine VP

Richard P. Rooney has been named vice president of inland marine for Harleysville Insurance’s Mid-Atlantic and Northeast regions. In this position, he oversees the company’s inland marine underwriting efforts in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New …

U.S. Mine Safety Chief Vows to End Black Lung Disease

The nation’s mine safety czar said Friday that the U.S. must put a stop to black lung disease, a work-related illness that has killed roughly 10,000 coal miners this decade. “Now is the time to act to end this disease,” …

Post-Ike Dike Closure Hits Texas City Businesses Hard

The Texas City Dike was not built to serve as a fishing pier or recreation area. But in the 74 years since it was built, the dike turned into more than just a way to protect the Texas City Ship …

Earthquake Early Warning System Possible

An earthquake early warning system for California is feasible in coming years, according to research being presented at the American Geophysical Union meeting in San Francisco this week. The ongoing study demonstrates that an earthquake early warning system for California …

Economists Estimate $309M Arkansas Crop Losses

Rains late in the growing season that inundated some cropland and pummeled rice and cotton plants caused an estimated $309 million in losses, according to economists at the University of Arkansas Division of Agriculture. The $309 million loss is equal …

S&P Upgrades Catlin’s Subsidiaries Ratings to ‘A’; Outlook Stable

Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on the following core subsidiaries of Bermuda-based Catlin Group Ltd. to ‘A’ from ‘A-‘: — Bermuda-based Catlin Insurance Co. Ltd. — U.S.-based Catlin Specialty …

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