A government panel reviewing Tokyo Electric Power Co.’s restructuring efforts said the troubled utility will need to raise as much as 8.6 trillion yen ($112 billion) in funds without raising charges or restarting nuclear reactors. In a report made public …
Walnut Creek, Calif.-based Heffernan Insurance Brokers has hired John Bayeux to join its New York City office as senior vice president, financial services practice leader. Bayeux brings 30 years of industry experience to Heffernan. His past responsibilities for national insurance …
An insurance agency founder was recently placed on four years of supervised release and fined $10,000 in Washington, D.C., after earlier pleading guilty to insurance fraud, according to officials. Washington, D.C., Department of Insurance, Securities and Banking announced last week …
Great Northern Insurance of Sterling Heights, Mich., and Davidson Insurance Agency of West Plains, Mo., have joined the ISU Network, the San Francisco-based organization announced. Established in 2010, ISU Great Northern Insurance is owned by Jessica Nofar. ISU Great Northern …
MainStreet, an insurance agency in Montgomery, Texas, has joined the ISU Network, the San Francisco-based organization reported. ISU MainStreet was established and is currently owned by President and CEO Dee Vanschoick Jr. The agency specializes in public entities, affinity groups, …
Damien Magnuson has been promoted to senior vice president of Executive Perils. He reports to Peter Taffae, Managing Director, and works in our Los Angeles office. In his new role, Magnuson will continue to broker the management and professional liability …
Former Maryland Insurance Commissioner R. Steven Orr has joined Towson, Md.-based IWIF Workers’ Compensation Insurance as senior vice president of information systems. In his new role, he will be responsible for managing all aspects of IWIF’s information systems operations. He …
Aon Risk Solutions, the global risk management unit of Aon Corp., has appointed Jeffrey Polucha as vice president of business development for its Providence, Rhode Island, office. Polucha comes from Soucy Insurance Agency in Woonsocket, Rhode Island, where he recently …
New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3. Financial Services Superintendent Benjamin Lawsky set the mission and announced the structure of the new department …
The year 2011 will go down as a record-setting year when it comes to federal disaster declarations, industry analysts say. With another three months left in 2011, and hurricane season continues until November 30, the number of federal disaster declarations …
