Figures
$46 The fine paid by New Jersey Gov. Jon S. Corzine for violating state law by not wearing a seat belt during the trip in which a car accident almost killed him. $2 million The verdict against the Boston Herald …
People and Places
The Main Street America Group announced that Steve Berry has joined the super regional property/casualty insurance carrier as president of its New England Region. Berry, who has background leading property/casualty sales operations in the New England marketplace, will report to …
Inventory, recovery issues complicate art, heavy equipment underwriting
When high dollar art items are stolen from museums, or when internal theft of cultural property occurs, insurers must deal with specific and challenging obstacles characteristic to the relatively rare but historically recurring crimes. David Shillingford, director of marketing and …
People Patricia Smith has joined InsurBanc, a financial services provider for independent insurance agencies, as vice president of sales and business development. Smith will focus on the needs of independent agencies and develop relationships with them. Smith joins InsurBanc with …
Figures
$10 million The insurance limit of the Lloyd’s of London policy covering the smile of America Ferrara, star of the TV show “Ugly Betty.” 79.97% The independent agency system’s commercial lines market share in 2005, according the annual report from …
The Courage to Compete: The World According to Greenberg
In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG was no longer selling other companies’ policies but …
Figures
37 The number of new homeowners insurance companies entering Texas since 2003, according to the Insurance Council of Texas. In addition, the state has gained 28 new auto insurance providers during that time. The ICT said Texas Department of Insurance …
People
McQueary Henry Bowles Troy named Senior Vice President Brad Van Stavern to lead the new property/casualty practice in its Austin office. Van Stavern brings experience in the health care industry, where he held positions with Pfizer and Boston Scientific. Most …
Business Moves
Hilb Rogal & Hobbs, Global Special Risks Hilb Rogal & Hobbs Co. (HRH) acquired the operating assets of Global Special Risks LLC, effective May 1, 2007. The terms of the transaction were not disclosed. Global Special Risks (GSR), an excess …
The Courage to Compete
In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG was no longer selling other companies’ policies but …
