People Willis Group Holdings Limited has amended the employment agreement with Chairman and Chief Executive Officer Joseph J. Plumeri to extend its term for an additional year. The employment agreement, which was scheduled to expire Oct. 15, 2008, will now …
It Figures
$47.5 million The total damages ordered to be paid by Merck & Co. after an Atlantic City, N.J., jury found its painkiller Vioxx contributed to an Idaho postal worker’s heart attack, reversing the verdict in the man’s first trial. It …
My New Markets
Social Service Organizations Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit organizations with flexible premium payment plans. Riverport is a Berkley company. Limits vary. Carrier: …
Figures
$47.5 million The total damages ordered to be paid by Merck & Co. after an Atlantic City, N.J., jury found its painkiller Vioxx contributed to an Idaho postal worker’s heart attack, reversing the verdict in the man’s first trial. It …
TriSure’s Folger Named President-Elect of N.C. Agents Group
R. Cleve Folger, a founding partner at TriSure Corp., was named president elect of the Independent Insurance Agents of North Carolina. Folger will assume his duties at the association’s annual convention in October. A member of the IIANC board since …
Fireman’s Fund Offers Optional Endorsement to Excess Policy Nonprofits Coverage
Novato, Calif.-based Fireman’s Fund Insurance Co. has launched a new optional endorsement available to Prestige Excess policyholders, increasing liability coverage for directors and officers of nonprofit organizations with limits up to $10 million. The endorsement protects policyholders who serve on …
Health Proposals Would Reduce Uninsured and Costs, Analysis Finds
Many current Congressional health care proposals could significantly reduce the number of uninsured Americans and also decrease overall health care expenditures including those for insurance administration and prescription drugs. That is the conclusion eraxched in an analysis of health reform …
Ark. Insurance Commissioner, Staff to Hold NAIC Posts
The Arkansas Insurance Department reported that state Insurance Commissioner Julie Benafield Bowman has been elected vice-chair of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC). Her election took place at the organization’s spring meeting in New York. …
N.C. Panel Weakens Sprinkler Rule Against Advice of Fire Marshal
A state panel in North Carolina, acting against the pleas of the state fire marshal, has softened a rule on which buildings require sprinklers. The N.C. Building Code Council voted 8-4 earlier this week to relax the new standard, which …
Choate to Head Aon Risk Southern Region
Aon announced that William M. Choate has been appointed executive vice president in charge of the middle market and head of Aon Risk Services’ Southern Region. A 25-year industry veteran, Choate has held a number of senior positions in the …
