The reinsurance sector is vulnerable to a significant insured loss from the Atlantic storm season as their reserve capital has been used to offset low premiums, Fitch Ratings said, as Hurricane Earl threatens to hit land. As Earl lingers as …
The threat of Hurricane Earl is prompting many to flee North Carolina’s vacation islands and federal authorities are warning residents along the Eastern seaboard to be ready to evacuate, the Associated Press is reporting. According to the National Hurricane Center, …
Jerry Williams has been appointed assistant vice president of Business Development for CNA. In this role, Williams will help support CNA’s goals to build a more effective organizational sales discipline and competency, and stronger engagement with its producers. He will …
Charlotte, N.C.-based AmWINS Group, Inc. and Crouse and Associates Insurance Services are pleased to announce that they have reached an agreement for Crouse and Associates to acquire AmWINS’ Fresno office effective August 31, 2010. Terms of agreement were not disclosed. …
Bermuda-based Endurance Specialty Holdings announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance to lead the expansion of Endurance’s global reinsurance portfolio in the Latin American market. He is based in a new Endurance reinsurance office in Miami, Florida. …
A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co. during the 2008 financial crisis and disclosures about Merrill’s losses and bonus payouts. …
Palmer Miller Nelson Insurance Agency Inc. (PMN) of Columbus, Ohio, has become Keystone Insurers Group’s 24th franchise partner in Ohio. The new arrangement was announced jointly by PMN President Steven Miller and Keystone’s Ohio Vice President Angie Engelke. In business …
Eastern Insurance Holdings said founder and CEO Bruce M. Eckert will step down at the end of the year and President and Chief Operating Officer Michael L. Boguski will assume the top executive for the role of president and chief …
The rains deluging Tennessee abated on Thursday but forecasters are predicting that the same storm system will bring more rain to the region over weekend. Officials in Nashville are making plans for evacuations and sandbagging in case those measures should …
Authorities say 22 people living in a house for migrant workers in western North Carolina escaped a fire that appears to have started on a back porch. The Asheville Citizen-Times reported the fire began early Tuesday in the split-level home …
