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 …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
