Terrorism News

Malacca Straits Removed from War Risk List

The powerful London-based Lloyds insurance market said it has removed the Malacca Straits from its list of sea lanes with a war risk rating following an improvement in security. Lloyds Market Association said the decision by the Joint War Committee …

Markel Launches Contagion Outbreak Expense Coverage

Markel Corporation introduced a new insurance product, Outbreak Extra Expense Coverage, specifically designed to protect companies from a closure of their business premises due to a variety of contagions including Avian Flu. Demand for business interruption cover has soared due …

People and Places

FleetRisk Advisors appointed David C. Wagner president and chief operating officer. Wagner previously worked at FleetRisk Advisors from 2004 to 2005 as senior vice president, field operations. Wagner possesses more than 20 years experience in the technology industry. ReSource Pro …

People Dallas-based McQueary Henry Bowles Troy LLP named Kyle Moss a partner in the firm. Moss, previously employee benefits director in MHBT’s Dallas office, is responsible for the production and servicing of MHBT’s group benefits clients. Moss’ experience dates back …

Fraud Roundup

Utah agent charged with pocketing premiums Ryan Webb, a Salt Lake County, Utah, insurance agent, was charged with insurance fraud, a second degree felony, unlawful dealing by a fiduciary, a second degree felony, theft by deception, a second degree felony, …

People

FleetRisk Advisors appointed David C. Wagner president and chief operating officer. Wagner previously worked at FleetRisk Advisors from 2004 to 2005 as senior vice president, field operations. Wagner possesses more than 20 years experience in the technology industry. ReSource Pro …

Is the U.S. prepared for a cyber catastrophe? Business executives say, ‘no’

Testifying before a Senate Homeland Security and Government Affairs Subcommittee, Karl Brondell of State Farm Insurance Companies warned that the U.S. is not adequately prepared for a cyber catastrophe. The insurance executive outlined what a recent Business Roundtable report identified …

Fraud Roundup

Utah agent charged with pocketing premiums Ryan Webb, a Salt Lake County, Utah, insurance agent, was charged with insurance fraud, a second degree felony, unlawful dealing by a fiduciary, a second degree felony, theft by deception, a second degree felony, …

Growth in retail shopping centers a boon for insurance brokers

When the going gets tough, the tough go … shopping! Judging by the 18 percent increase in the development of retail shopping centers in the United States in 2005 over 2004, that tongue-in-cheek adage has more than a little bit …

Protecting your most valuable assets overseas

A business has many valuable assets, but perhaps none as critical to success as its employees. Businesses depend on their senior management, leading sales executives and other top talent to guide the company, plan for the future and help manage …