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Dan Carmichael Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire on Dec. 31, 2005. Carmichael joined Ohio Casualty Corporation in …

Midway Accident Prompts Questions About Short Runways

A New Federal Law Encourages Airports to Build Safety Zones or Extend Runways by 2015 A deadly accident in which a Boeing 737 slid off the end of a snowy Chicago runway on Dec. 8 brought renewed demands for buffer …

People

Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire on Dec. 31, 2005. Carmichael joined Ohio Casualty Corporation in December, 2000. …

Midway Accident Prompts Questions About Short Runways

A New Federal Law Encourages Airports to Build Safety Zones or Extend Runways by 2015 A deadly accident in which a Boeing 737 slid off the end of a snowy Chicago runway on Dec. 8 brought renewed demands for buffer …

La. Blue Roof Warranty Following Hurricane Lasts Only 30 Days

The free blue plastic sheeting installed on 78,700 hurricane-damaged roofs in Louisiana carries only a 30-day warranty, according to the U.S. Army Corps of Engineers (USACE). Operation Blue Roof provides sheeting to residential structures, schools, daycares, public facilities and, in …

Report: Europe’s Insurers Ignore IT Infrastructure Risks When Pricing

More than 50 percent of European insurance companies appear to be ignoring the physical environment in which information technology infrastructure is housed when setting premiums, according to research commissioned by Global Switch. Overlooking this fundamental factor means insurers may be …

Best Downgrades Ratings on Allianz Marine & Fire (France)

A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A+” (Superior) of Allianz Marine & Aviation (France) (AMAF) and has removed the rating from under review with negative implications. Best also assigned an …

Munich Re Issues $128.7 Million Windstorm Cat Bonds

Cat bonds seem to be enjoying something of a revival in Europe, largely as a response to increased windstorm and flood losses, as well as the passage of Hurricane Katrina. Munich Re recently increased its commitment to risk management through …

Jensen Joins William Gallagher in Boston as Senior VP

William Gallagher Associates (WGA) announced that Kirk Jensen has joined its Boston office as senior vice president and leader of the Risk Management Practice Group. He brings more than 20 years of risk advisory experience to the firm in the …

S&P Puts Allianz Subs on CreditWatch/Positive Following Consolidation Plan

Standard & Poor’s Ratings Services announced that it has “placed its ‘A-‘ counterparty credit and insurer financial strength ratings on Germany-based property/casualty insurer Allianz Marine & Aviation Versicherungs AG (AMA G) and France-based property/casualty insurer Allianz Marine & Aviation (France) …