Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast, reports the private insurance industry’s Insurance Information Institute …
Global investment manager D. E. Shaw group has organized a Bermuda-based holding company to acquire James River Group, Inc. a North Carolina- based excess and surplus and workers’ compensation insurer, in a transaction with a total equity value of approximately …
Paul V. Halter has joined The Rockingham Group of Harrisonburg, Virginia as assistant vice president for research and development. In this role he will have responsibility for he development of new property/ casualty insurance products and markets for the company. …
Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast, reports the private insurance industry’s Insurance Information Institute. …
Raleigh, N.C.-based TriSure Corp. named John Cramer, a partner and co-founder, the firm’s new chief executive officer. The move stems from TriSure’s need to implement a management structure that positions it for future growth, according to a company news release …
With the cautious support of North Carolina’s tobacco manufacturers, a House committee approved a bill Tuesday that would require the companies to make and sell cigarettes that burn out if left unattended. The so-called “fire-safe” cigarettes are rolled in special …
Congress is planning further exploration of the federal government’s flood program and private insurance practices following the hurricanes of 2005, including the settlement of wind vs. water claims. U.S. Representatives Melvin L. Watt, D-N.C., chairman of the Financial Services Subcommittee …
Montgomery Insurance, a member of Liberty Mutual Group, appointed Gregory B. Buckley of Waxhaw, N.C., to vice president of underwriting, Commercial Lines effective June 25, 2007. Buckley will manage the growth of the company’s home office commercial lines underwriting operations, …
The Ohio-based Oswald Cos. recenly named David Kramer as vice president and practice leader of the companies’ National Lawyers’ Professional Liability Practice. Kramer will be responsible for general business development and for the management and sales related functions of the …
Bank insurance brokerage fee income was up 3.9 percent year-to-date through March 31, 2007, compared to the first quarter of 2006, according to the Michael White-Symetra Bank Fee Income Report (Bank-FIR). The Bank-FIR reveals that bank insurance brokerage fee income …
