Texas Court: Exclusion Precludes Coverage for Breach of Contract Where contractors are involved, one of the most intractable problems for a carrier in negotiating and settling claims are the contract liability issues. How does a carrier identify if a contractual …
Insurance Brokers and Agents of the West’s (IBA West) education division, Insurance Skills Center (ISC), entered into an agreement with Cheryl L. Koch, president and CEO of Agency Management Resource Group, to manage ISC education and training programs. In her …
Swett & Crawford, one of the nation’s largest and oldest wholesale insurance brokerage firms, and London-based independent wholesale, reinsurance and specialist broker Cooper Gay, completed negotiations to form a combined entity under a new unified holding company on July 9, …
Nobody wishes for a natural disaster, but there’s nothing like a big U.S. hurricane to revitalize shares in property and casualty insurers, currently weighed down by persistently weak insurance prices. Nine analysts polled by Reuters on average said the U.S. …
Willis, the global insurance broker, has named Mark Harris senior vice president in the company’s Risk Specialties Practice in Chicago. He will be responsible for business development with a focus on Fortune 1000, middle market, law firms and other professional …
Torus Executive Risks Limited (TER), a joint venture between Nexus Underwriting Management and global specialty insurer Torus, has entered the Professional Lines market with the appointment of David Robinson as Professional Indemnity Manager. He joins TER from Lloyd’s Syndicate 3210 …
In a brief statement Lloyd’s of London officially welcomed the successful passage of the Dodd-Frank Act through the US Senate. Sean McGovern, Lloyd’s Director and General Counsel, stated: “We welcome the passage of the Dodd-Frank Act and look forward to …
Warren Buffett’s Berkshire Hathaway Inc. will take over asbestos and environmental pollution risks now held by CNA Financial Corp. in exchange for a $2 billion fee. CNA, which is the nation’s seventh-largest commercial insurer and 90 percent-owned by conglomerate Loews …
Manchester Specialty Programs Inc. (MSP) has launched a national program for home health care Providers and Medical Staffing Firms. The program will offer all lines of coverage in partnership with Everest National Insurance Company (A.M. Best rating A+ XV Superior). …
Standard & Poor’s has concluded that, following a “positive year” in 2009, the “takaful and retakaful (Islamic insurance and reinsurance) sector is likely to continue to grow in 2010.” S&P’s report – Takaful Insurance Has Long-Term Viability And Benefits From …
