David Hodge has been named assistant vice president of claims for auto insurer GEICO’s Buffalo, N.Y., regional office. Hodge previously served as the liability director of GEICO’s Virginia Beach, Va., regional operations. Hodge first joined GEICO at the company’s Woodbury, …
In one football practice, some players may take several hits, while others take a few big blows. For coaches and trainers, keeping track of it all can be difficult. “A lot of times when we’re on the field, it’s hard …
With the eighth anniversary of Hurricane Katrina near, homeowners along the Mississippi Coast also have to brace for possible rate increases of 20 percent for flood insurance and 3.2 percent for wind pool insurance. The Clarion-Ledger reported that state Insurance …
KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies. Plumeri, ex-chief executive officer of Willis …
A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the U.S. Justice Department is trying to use in cases against Wall Street banks. U.S. District Judge Jed Rakoff in Manhattan said Monday that a “straightforward …
Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane season heads into its fourth month. Notes designed to protect insurers from payouts on damage linked to powerful …
Tokyo Electric Power Co. reported another breach of the defenses it has built at the Fukushima nuclear plant in its more than two-year struggle to stop leaks of radioactive water into the soil and sea. Just weeks after the utility …
QBE Insurance Group Ltd., Australia’s largest insurer by market value, posted a 37 percent fall in first-half net income as premiums fell in North America and it set aside more for unresolved claims. Net income dropped to $477 million in …
The sixteen member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their hurricane and earthquake insurance for the 2013/14 policy year that started June first. The bulletin noted: “Since CCRIF’s inception in 2007 – and despite increasing …
Electronics manufacturer AVX Corp. is appealing a $750,000 verdict in a pollution lawsuit. A state jury awarded the damages earlier this month to a Myrtle Beach developer who sued AVX saying groundwater pollution by the electronics manufacturer derailed a condominium …
