In a year marked by a high number of severe and devastating natural catastrophes, one thing is evident — while rare, some situations are not survivable. For instance, if people or structures happen to be located directly in the path …
Chicago City Council is to consider a ban on bicyclists texting while riding on city streets. The council’s Traffic Safety Committee endorsed the ban on Oct. 3. Bicyclists also couldn’t talk on cell phones without a hands-free device while riding. …
Accident Insurance Co. has added two business development representatives to cover the insurer’s Southeastern states. Lauren Allen has joined the insurer’s marketing team in South Carolina and Virginia. Previously, she spent two years with Appalachian Underwriters Inc. Jennifer Caldwell has …
Holmes Murphy & Associates, headquartered in Des Moines, Iowa, has acquired Dallas-based Bridge Insurance Partners LLC. The team of seven from Bridge Insurance Partners led by Jeff Turner joined the organization on the Sept. 27, 2011, closing date and will …
Medical professional liability insurance (MPLI) carriers are in a strong financial position overall and the insurers are exhibiting rate discipline in soft market conditions, according to a new report this week by New Jersey-based insurance ratings agency A.M. Best. The …
The Hartford Financial Services Group said it is expecting to implement a small staff reduction in coming months as part of its ongoing effort to streamline operations. The company didn’t specify exactly how many jobs would be affected, but The …
Travelers, Fireman’s Fund and Electric Insurance are the latest insurers to reach a settlement with Massachusetts attorney general’s office over motorcycle insurance premiums. The three companies are accused of overcharging the state’s motorcycle owners and later this month, these insurers …
Global reinsurance broker U.S. RE Corp. has appointed reinsurance veteran Scott Polkinghorne as senior vice president. He will be based at the company’s headquarters in Pearl River, N.Y. Polkinghorne is a reinsurance executive with 30 years’ experience in U.S. and …
American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 percent of its workforce, or roughly 400 or fewer positions. “As part of Chartis’ review of its personnel needs, we have …
Global professional services company Towers Watson has purchased WellsCanning, a Valhalla, N.Y.-based investment advisory firm specializing in the insurance industry. WellsCanning principals and consulting staff have joined Towers Watson’s investment business in New York. Towers Watson said WellsCanning is “a …
