May 18, 2010
According to new research commissioned by Bowring Marsh, the Specialist International Placement Broker at Marsh, the “quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.” The study, conducted by an independent …
May 18, 2010
The European Central Bank’s decision to buy tarnished debt in the euro zone risks turning it into Europe’s de facto “bad bank” and putting cash-strapped governments and taxpayers on the hook for yet more money. The ECB was forced to …
May 18, 2010
President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP Plc said its …
May 18, 2010
A U.S. judge has taken the unusual step of sanctioning a unit of Transocean Ltd, owner of the rig in the Gulf of Mexico spill, for “vexatious” tactics in fighting liability from a decades-old oil well spill in Louisiana. Attorneys …
May 17, 2010
$350 Million As of May 10, London-based energy giant British Petroluem Plc (BP) said the oil spill in the Gulf of Mexico had cost it $350 million, suggesting the final bill could be much higher than many analysts predicted, and …
May 17, 2010
Veteran Costa Rican climate diplomat Christiana Figueres is set to be appointed as the new United Nations climate chief, sources familiar with the matter said on Monday. The sources said U.N. Secretary-General Ban Ki-moon had chosen Figueres over former South …
May 17, 2010
Irvine, Calif.-based Superior Access Insurance Services Inc. named Tom Crawford chairman of the board of directors. Before joining Superior Access, Crawford served as chairman, president and CEO of Crawford & Co. With more than 45 years of insurance industry experience, …
May 17, 2010
Volcanic ash from Iceland caused widespread disruption at airports in Britain and other parts of northern Europe on Monday, grounding 1,000 flights and delaying hundreds of thousands of passengers, aviation officials said. Eurocontrol, the European air traffic agency, said Britain …
May 17, 2010
A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency Limited , both with stable outlooks. Best pointed out that the …
May 14, 2010
Ronald Polkey, a sun-weathered shrimp boat captain from the Louisiana resort and fishing hub of Grand Isle, La., should be out on the water working his nets to bring in a day’s catch. But with most of the region’s shrimping …