Workers’ compensation carriers with visions of profits over the next few years are dreaming. It ain’t goin’ to happen, according to insurance analysts at Standard & Poors Ratings Services. “All signs are pointing to more unprofitable years ahead for the …
Chevron Corp has filed an appeal with Ecuador’s National Court of Justice to review a judgment that the U.S. oil company pay $18 billion in damages for polluting the Amazon jungle. Chevron was ordered by an Ecuadorian judge to pay …
London-based Xchanging plc, a business process and technology services provider and integrator, has announced that Andrew Binns was appointed Executive Director of its Technology Services business, effective January 3, 2012. He is based in London, and will also become a …
The insurance segment of XL Group plc announced the appointment of Jason Harris as Chief Executive of its International P&C Insurance business. He will be based in London and report to Greg Hendrick, CEO of XL’s insurance segment. Upon joining …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A+’ (Superior) from ‘A ‘(Excellent) and the issuer credit ratings (ICR) to “aa-” from “a+” of Bermuda-based Arch Reinsurance Ltd., as well as those of its strategic affiliates and …
Insurance Commissioner Dave Jones marked his first full year in office last week by looking back on his and the California Department of Insurance’s accomplishments during 2011. “A little over a year ago, I took my oath as insurance commissioner …
The remnants of a Pacific storm that moved into the West are continuing to create weather hazards and bring back winter-like conditions following a long period of warm weather throughout the region today into tonight, according to the National Weather …
The wildfire that destroyed 29 homes near Reno is contained. Thousands of evacuees are back home. And the family of the woman found dead says there’s no point in prosecuting the remorseful man who accidentally started it. Fire officials declared …
Police say a Honolulu, Hawaii officer died following a three-vehicle crash on the H-1 freeway in Aiea. The crash occurred Saturday night as the officer’s car was on the side of the freeway behind another pickup truck, the Star-Advertiser reported …
