Operations News

Hurricane winds could be felt in professional liability markets

The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent hurricanes — Katrina, Rita and Wilma — will result in …

Hurricane winds could be felt in professional liability markets

The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent hurricanes — Katrina, Rita and Wilma — will result in …

$80 million settlement reached in bid-rigging case with Ill., Conn., N.Y.

Attorney General Lisa Madigan, of Illinois, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal recently announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and its U.S.-based insurance subsidiaries. The charges against the …

People and Places

Andrew J. Valdivia has been elected president of White & Co. Insurance Inc., of Santa Monica, Calif., and will be responsible for property and casualty sales, account development and account management. Valdivia was formerly White’s executive vice president. He joined …

People

Carol Sipe has been named vice president and general manager of operations; Francis “Fran” Graham has been named Southeast director of sales; and Chris Neyrey has been named Southwest director of sales and agency relations of the Lakeland, Fla.-based Summit, …

10 Texas lawmakers close in on tax reform

Although it’s not perfect, agent groups support Perry-Sharp plan 10 Louisiana after the storms Insurance issues top lawmakers’ agenda 10 In case of emergency Get out fast but make sure documents are safe N1 Former Enron exec admits guilt Says …

Hurricane winds could be felt in professional liability markets

The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent hurricanes — Katrina, Rita and Wilma — will result in …

People

Andrew J. Valdivia has been elected president of White & Co. Insurance Inc., of Santa Monica, Calif., and will be responsible for property and casualty sales, account development and account management. Valdivia was formerly White’s executive vice president. He joined …

News Currents

ACE settles bid-rigging case for $80 million Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and its U.S.-based insurance subsidiaries. …

Hurricane winds could be felt in professional liability markets

The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent hurricanes — Katrina, Rita and Wilma — will result in …