News

AXIS Names Pesce Director for Surety in U.S.

Bermuda-based specialty lines in surer AXIS Capital Holdings Limited has named David Pesce as director of Surety for AXIS Insurance. He will be responsible for building and managing AXIS Insurance’s surety bond business in the U.S. Pesce reports to Richard …

Trial Attorneys Challenge Florida’s Medical Malpractice Law

Florida trial attorneys filed five lawsuits against health care providers challenging a state law that imposes new restrictions on medical malpractice claims. The attorneys allege that the law allows medical malpractice defendants to acquire personal health care information about a …

U.S. Fights Growing Wildfire Threat with Shrinking Budget

The tragedy came without warning. Wind split the Arizona wildfire in two, trapping 19 firefighters from the Granite Mountain Hotshots between twin walls of flame that would take their lives. The erosion of U.S. firefighting resources has been much more …

Willis Group Promotes Jones to CEO of North America Unit

Insurance broker Willis Group Holdings plc promoted Todd Jones to chief executive officer of Willis North America, the company’s largest business segment. Jones will report to Willis Group CEO Dominic Casserley and will represent Willis North America on the Willis …

Drugmakers Work on Safer Painkillers as Opioid Abuse Epidemic Rages

Backed by a U.S. campaign to slow abuse of prescription painkillers, drugmakers are devising new forms of the medicines that don’t lead to misuse and new products that treat dependency in a bid to change the face of a $9.4 …

New El Nino Warnings Could Help Farmers Withstand Drought, Floods

Scientists have found a way to forecast El Nino weather events in the Pacific a year in advance, long enough to let farmers plant crops less vulnerable to global shifts in rainfall, a study showed on Monday. While far from …

Lawyers Feast on ‘Crazy’ BP Gulf Oil Spill Claims

Until this year, Tampa attorney Kevin McLean specialized in suing nursing homes for neglecting patients. In January he switched the focus of his practice to a fund BP Plc established to compensate business losses from the 2010 oil spill in …

U.S. Property Cat Re Prices Down, Casualty Softening: Willis Re

Reinsurers are taking “robust defensive measures to maintain market positions recently eroded by new capital markets entrants,” with prices down 25 percent on some Florida property accounts, according to a new report from Willis Re. In addition, Willis Re said …

Security Analysts Warn About Terrorism Risk After Fukushima Meltdown

Japan’s Fukushima Dai-Ichi nuclear plant, whose 2011 meltdowns dislocated 160,000 people, may provide a new blueprint for terrorists seeking to inflict mass disruption, security analysts said at a United Nations meeting. The UN’s International Atomic Energy Agency convened a week-long …

Cardoso Joins the Leavitt Group in Northern California

The Leavitt Group’s Concord, Calif. office named Paul Cardoso as an account executive in the employee benefits division. Cardoso comes has a background in sales and has worked for various Fortune 500 companies, including Mohawk Industries, Xerox, United Airlines and …

News Archives by Month