ACE Limited announced that Brian Dowd, currently CEO, Insurance – North America, has been named to the additional position of Vice Chairman, ACE Limited and ACE Group Holdings. “In addition to his current responsibilities, which encompass ACE’s property and casualty …
The state of West Virginia has fined a trucking company $50,000 for violations investigators say contributed to a fatal coal mining accident in February, a spokeswoman for the Office of Miners’ Health, Safety and Training said. Medford Trucking was fined …
The 2009 Atlantic hurricane season will be fairly average with as many as seven hurricanes expected to form, U.S. government forecasters predicted Thursday. The National Oceanic and Atmospheric Administration forecast nine to 14 named storms this season, with four to …
AIU Holdings has introduced ReBuild, a suite of insurance and risk management products for states and municipalities receiving federal stimulus monies from the American Recovery and Reinvestment Act of 2009 funds for use in large infrastructure projects. ReBuild covers project …
Liability insurance underwriter Navigators Management Co., Inc. has partnered with American Bar Insurance Plan Consultants (ABI) to offer personal umbrella coverage for the more than 400,000 members of the American Bar Association (ABA). Navigators said it has tailored a new …
With its acquisition in early 2009 of the international business of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property casualty insurance claims adjusting and risk management firm …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of Canada’s Echelon General Insurance Company. Best also affirmed the ICR of “bb+” of Echelon General’s publicly traded parent, EGI Financial …
Demand for disaster derivatives is surging as insurers seek alternatives to scarce reinsurance and expensive catastrophe bonds, with the forthcoming North Atlantic hurricane season likely to give a further boost. Prices are at record levels for Industry Loss Warranties (ILWs) …
Arthur J. Gallagher & Co. has acquired Nourse Insurance Brokers Inc. in Walnut Creek, Calif. Terms of the transaction were not disclosed. Founded in 1935, Nourse Insurance Brokers Inc. is a retail insurance broker offering personal and commercial property/casualty insurance …
The state of Ohio has joined Michigan in its objection to the pending sale of Chrysler LLC because of workers’ compensation issues. Ohio Attorney General Richard Cordray said his office filed a limited objection to the pending Chrysler sale in …
