December 23, 2007
Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC Winter National Meeting, include: president, Kansas Insurance Commissioner …
December 23, 2007
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Small Residential General Contractors Nuts & Bolts: NSM Insurance Group is offering coverage for general …
December 23, 2007
Toledo, Ohio-based privately held commercial insurance brokerage, the Hylant Group, has named John W. Chaney as president of the Cleveland office and regional vice president. Chaney will be responsible for the overall management of the Cleveland office, while overseeing the …
December 23, 2007
Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC Winter National Meeting, include: president, Kansas Insurance Commissioner …
December 23, 2007
Louisiana Insurance Commissioner James Donelon believes there is “light at the end of the tunnel” for the property insurance market in his state. The devastation of the coastal areas in 2005 via Hurricanes Katrina and Rita threw a wrench into …
December 23, 2007
People The Louisiana Medical Mutual Insurance Co. named Thomas H. Grimstad, M.D., as its new president and chief executive officer. Grimstad will succeed John E. Lemoine, M.D., effective Jan.1, 2008. Since its founding in 1982, only three other physicians have …
December 21, 2007
Marsh UK announced that its UK Chief Operating Officer, John Nicholson, has been appointed Chairman of its Scottish operations, effective January 1. He will have overall responsibility for Marsh’s offices in Aberdeen, Edinburgh and Glasgow, where he will be based. …
December 21, 2007
Massachusetts officials say they have won a $4 million judgment against a large Boston-based insurance broker over questionable compensation and reinsurance practices. Attorney General Martha Coakley’s office reported that it filed a complaint and a consent judgment against William Gallagher …
December 20, 2007
During the last interglacial period, over 100,000 years ago, the world’s oceans were over four meters (app. 13 feet) higher than they are today. That’s the conclusion reached by scientists in a newly published article in the journal Nature Geoscience. …
December 19, 2007
Wendy Baker, president of Lloyd’s U.S. operations, has decided to leave the organization at the end of December. Baker has held the post for nine years. According to Sue Langley, head of Lloyd’s Market Operations and North America, during that …