Republican legislators in Wisconsin are trying to muster support for a bill that would repeal new minimum car insurance levels. The state budget Gov. Jim Doyle signed earlier this year required all motorists to purchase liability insurance. The budget also …
Ubiquitous, effective, efficient, simple, annoying, maddening, perturbing, frustrating, and indispensable. All are adjectives that can describe e-mail. Most of us have a love / hate relationship with our email. Like a hammer, e-mail can be used to build or to …
The Excess/Surplus Lines Claims Association has changed its names and elected a new slate of officers and directors. The organization is now known as the International Association of Claim Professionals (IACP). Its new officers are: President Miles J. Banks, Executive …
The Swiss-based Glacier Group has announced the appointment of Todd Hart as Chief Executive Officer, with immediate effect. He had been serving as a nonexecutive director on the Group’s board, representing HBK Capital Management, one of Glacier’s founding shareholders. Hart …
Maryland-based insurance and risk management firm HMS Insurance Associates Inc. has made several executive-level promotions. Nancey Bohlen has been promoted to chief financial officer and vice president of operations. She will oversee financial aspects of insurance and non-insurance related business. …
Bermuda-based AXIS Capital Holdings Limited reported a net loss available to common shareholders for the third quarter of 2009 of $96 million, or $0.70 per diluted common share, compared with a net loss of $249 million, or $1.79 per diluted …
The U.S. property/casualty industry experienced a 17 percentage point decline in risk-adjusted capitalization in 2008, according to A.M. Best Co., which conducted a four-year study. However, the capital still exceeded adequate levels thanks to excess from previous years. Using its …
The Bermuda-based Argo Group International Holdings, Ltd. announced financial results for the three and nine months ended Sept. 30, 2009. The Group listed the following “Highlights” for the three months ended Sept. 30, 2009: — Total revenue was $383.8 million, …
The Ohio Bureau of Workers’ Compensation (BWC) has lowered the discount available to employers who participate in a group-rating system. Beginning July 1, 2010, the maximum available discount for businesses in a group will be 65 percent, down from the …
State-controlled Royal Bank of Scotland Group PLC said Monday that European Union regulators will require it to sell more assets than originally expected, part of an industry shakeup announced by the government this weekend. Treasury chief Alistair Darling on Sunday …
