Mike Fitzgerald has joined insurance run-off consulting firm Devonshire as vice president of business development. His responsibilities include developing business initiatives and opportunities to help support and expand Santa Ana, Calif.-based Devonshire’s insurance and reinsurance business services. Fitzgerald previously was …
More ship insurers are backing the use of private armed guards on merchant vessels at sea to combat Somali piracy as attacks and the resulting costs are set to rise in coming weeks, industry officials said on Tuesday. Pirate attacks …
The Supreme Court of Ohio has ruled that a political subdivision is immune from liability if one of its police officers is involved in a traffic accident when responding to an emergency even if it is located out the officer’s …
Specialty insurer Torus has confirmed that it has “entered into an agreement with Clal Insurance Enterprises Holdings Limited to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate Underwriting Limited and Broadgate Underwriting 2010 Limited.” The acquisition is subject …
A wildfire that began more than two weeks ago in Bastrop County is 95 percent contained, according to the Texas Forest Service. The area is about 25 miles east of Austin. The TFS reports that the cause of the fire …
The Texas Department of Insurance – Division of Workers’ Compensation announced that the maximum weekly benefit rates for workers’ compensation income benefits is set at $787 and the minimum weekly benefit rate is set at $118 for the period of …
The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of conspiracy to commit wire fraud involving almost $1 million in loss to the victim company, according to the …
Florida residents who have sinkhole insurance through the state-backed property insurer will not have to pay a proposed statewide average 447 percent increase. Citizens Property Insurance Corp. customers will also be spared big price hikes for standard coverages under several …
Workers’ compensation provider Berkley Net Underwriters has created a new south central sales region and named Kevin Foushee as director of business development for the region, which will focus on Arkansas, Louisiana, Mississippi and Tennessee. Foushee’s industry experience has included …
Lloyd’s London’s Syndicate 3500 filed a notice on Monday, Sept. 19, to voluntarily dismiss its federal lawsuit against Saudi Arabia over 9/11 claims. The lawsuit, first filed on Sept. 8, had asserted that Saudi Arabia as well as several Saudi …
