Christopher Carlson has been appointed as chief actuarial officer of the Ohio Bureau of Workers’ Compensation (BWC). Carlson will be responsible for directing the activities of BWC’s actuarial division, setting employer premium rates to cover the cost of care for …
EPIC Programs Group has expanded the coverages available for their newest program for pizza restaurants and delivery operators. The program now includes customized commercial excess liability coverage designed for pizza delivery operators. EPIC’s program, referred to as SLICE (safety, loss …
Web search giant Google Inc. has been granted tentative approval from the Department of Labor to form a captive insurance company in Hawaii to cover employee benefits for thousands of the Mountain View, Calif.-based web giant’s U.S. workforce. The tentative …
Bermuda-based AXIS Capital Holdings Limited announced that the net financial impact of the severe flooding in Thailand on the Company’s fourth quarter results is expected to be $48 million – net of reinsurance, taxes and reinstatement premiums. AXIS also updated …
Bermuda-based Alterra Capital Holdings Limited announced that the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), has given final approval for it to establish a local reinsurance company. The subsidiary, Alterra Resseguradora do Brasil S.A., will be located …
Bermuda-based PartnerRe Ltd. announced that it “expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in its fourth quarter 2011 results related to the flooding in Thailand, which occurred in October and …
Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers. S&P has lowered its ratings on the following insurers (and certain related operating subsidiaries and certain holding …
A Virginia man has been charged with faking his death to collect on a $750,000 life insurance policy. A federal grand jury indicted 38-year-old Jamie Dwayne Long of Lunenberg on three mail fraud counts last week. U.S . Attorney Neil …
Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who’s worth what in the independent agency system. Don’t miss out on your chance to participate. The 2012 Agency Salary Survey results will be …
More than $25.2 million in federal disaster aid has been approved to help residents, businesses and local governments in Virginia recover from last summer’s earthquake. The Federal Emergency Management Agency says the total includes individual and public assistance, along with …
