Chartis said it is streamlining its geographic structure to add greater focus on its growth economies initiatives. The move comes amid the departure of Chartis Growth Economies CEO Julio Portalatin, who is leaving the company to lead Marsh & McLennan …
Florida’s largest homeowners’ insurer has set the goal of moving at least $1 billion in risk back to the private capital markets while looking to lawmakers to make statutory changes that will assist the insurer in its depopulation efforts. Speaking …
New Orleans-based independent petroleum producer McMoRan Exploration Co. posted a fourth-quarter profit on higher oil prices and a settlement of its 2008 hurricane insurance claims, the company reported Jan. 17. For the October-through-December quarter, McMoRan earned $28.4 million, or 16 …
The ACE Group announced new leadership appointments in its Aerospace insurance operations. Stephen Dinsdale has been appointed chairman, ACE USA Aerospace and Jerry Ruth has been appointed to senior vice president, ACE USA Airports & Special Risks. Both are based …
Boulder, Colo. police are warning car owners that thieves are targeting catalytic converters. Police say the small boxes attached to the underside of most vehicles have precious metals that can fetch hundreds of dollars. Police have had eight reports already …
It took more than two hours for Southern California firefighters to extinguish a $1.5 million blaze in an Agoura Hills industrial complex. The complex was closed and there were no injuries. The blaze was reported at 9:27 p.m. Monday and …
A fire at a San Diego, Calif. elementary school has caused an estimated $600,000 in damage. Classes have been canceled Tuesday at Alice Birney school in the University Heights neighborhood. The fire was reported at around 11:45 p.m. Monday. It …
Health insurance companies in Arizona are facing scrutiny from Washington as federal authorities have taken over reviews of rate increases of 10 percent or more from the state. The Arizona Republic reported that federal regulators have called one company’s most …
Marsh & McLennan Companies appointed insurance veteran Julio Portalatin as CEO of Mercer, MMC’s human resource consulting subsidiary. His appointment is effective February 1. He will be based in New York and will report to Dan Glaser, group president and …
Gov. Sam Brownback is proposing that Kansas create a special fund to help cover the costs of recovering from natural disasters. The measure is part of the budget Brownback has outlined for the fiscal year beginning July 1, 2012. He …
