The family of a Virginia Tech student has filed a $43 million lawsuit, accusing the university of negligence in its response to a warning that their son was suicidal. Daniel Kim committed suicide on Dec. 9, 2007, about a month …
Commercial property insurer Ironshore Inc. announced that Anthony Mammolite, currently executive vice president of its U.S. Property unit, has been named to the additional post of regional executive for the entire New York region. In this expanded role, Mammolite will …
Lexington Insurance Co., a Chartis company, has introduced LexTransForm, a claims-made casualty policy with an optional extended reporting period (ERP) that an insured may purchase for a pre-set sliding scale rate. This new coverage enables occurrence form policyholders to pay …
A Florida online insurance agency found to have sold homeowners policies using unlicensed personnel will pay a $100,000 fine. The agency will also contact every customer affected and offer to rewrite their policies, under terms of a settlement reached with …
Karen Clark & Company, independent experts in catastrophe risk, catastrophe models, and catastrophe risk management, has introduced a new service, Thinking Outside the Black Box Catastrophe Management Operational Review. The Review provides a comprehensive examination of an insurance company’s use …
Insurance broker IMA Inc. has named Pavlina Sustr an employee benefits account executive specializing in international accounts for IMA of Colorado based in Denver. IMA is part of IMA Financial Group Inc., a financial services company specializing in insurance, asset …
The Louisiana Recovery Authority is urging homeowners who suspect they might have contaminated Chinese drywall in their homes to report the problems to the state. A federal consumer product safety commission is asking each state to recount the incidents of …
Catlin Group Limited has announced two non-executive director changes. Guy Beringer has been appointed as a non-executive director effective from December 8, 2009, subject to election by shareholders at the Company’s Annual General Meeting in 2010. Michael Hepher is retiring …
Texas Insurance Commissioner Mike Geeslin has announced new board members for the Texas Windstorm Insurance Association (TWIA). House Bill (HB) 4409, passed by the 81st Texas Legislature in 2009, changed the composition of the nine member TWIA board. Previously, the …
A 20 percent cut in greenhouse gases by rich nations would be a “pretty good” result for a U.N. climate summit, even though it falls short of developing nations’ hopes, the head of the U.N. climate panel said on Tuesday. …
