The Board of Directors of the National Conference on Public Employee Retirement Systems NCPERS, a trade association for public sector funds, has unanimously endorsed Ullico Casualty Group Inc.’s fiduciary liability insurance program for its members. The members of NCPERS manage …
Dr. Josef Ackermann’s keynote speech to delegates at the Risk Management Forum of the Federation of European Risk Management Associations (FERMA) basically described the global financial system as broken and in need of a “fundamental reassessment.” As the Chairman of …
For the third consecutive year, the number of deer-vehicle collisions in the U.S. has dropped, according to Illinois-based State Farm Insurance. And the downturn is accelerating. The percentage decline over the last year is nearly three times as large as …
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 …
