October 5, 2011
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 …
October 5, 2011
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 …
October 5, 2011
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 …
October 5, 2011
The families of two women killed in a boat crash on Lake Murray last year will each be paid nearly $250,000 by the family of the man who authorities say caused the collision. The State newspaper reported that the court-approved …
October 5, 2011
Kentucky has started self-insuring state-owned vehicles and expects to save $750,000 a year by doing so. The program took effect Saturday for 12,500 vehicles and pieces of equipment. The vehicles were previously insured through private insurers. Gov. Steve Beshear’s office …
October 5, 2011
In the age of iTunes and an-app-for-everything, Joel Tenenbaum’s battle with the music industry over illegal downloading seems as relevant as an eight-track cassette. But it turns out the fight could produce something surprisingly enduring: a change in copyright law. …
October 5, 2011
Allied World Assurance Co. Holdings Ltd.’s withdrawal from a bidding race for Transatlantic Holdings may have cost it the chance to beef up its portfolio, but a nimbler Allied may be better able to navigate choppy markets. Zurich-based Allied’s stock …
October 5, 2011
Texas Governor Rick Perry’s latest plan to kick trial lawyers out of his state may not send them packing after all. The so-called “loser pays” law that Perry has touted as he seeks the Republican nomination for U.S. president will …
October 5, 2011
Oil and gas companies must improve the way they deal with safety issues in the wake of the Gulf of Mexico and Montara oil spills, regulators said at a two-day conference on safety in the sector. The issue has come …
October 4, 2011
Maria Ramirez’ job heading the battle against automobile fraud in the state’s most populous county is tough enough. But her division is “operating on fumes” amid a rise in that type of crime and scaled-back local government budgets, so the …