United States News

Insurance Industry Charitable Foundation Gala to Honor Dewey & LeBoeuf’s Jim Woods

The Insurance Industry Charitable Foundation will be hosting its 16th Annual Western Division Gala Dinner at 6:30-10:30 p.m., May 16 at the Four Seasons Hotel in San Francisco for professionals in the insurance industry. The event will honor James Woods, …

Study Links Wildfires in Sierra to Climate Change

A warming climate will fuel larger, more frequent wildfires in the Sierra Nevada and other parts of the West, and the fires will contribute to climate change, according to a new study. More than 20 international scientists, in the report …

ACE Q1 Net Income up 50% to $567 Million; Operating Income $669 Million

ACE Limited reported from its Zurich headquarters that net income for the quarter ended March 31, 2009 was $567 million, or $1.69 per share, compared to $377 million, or $1.10 per share for the same quarter last year. Income excluding …

World Battles to Curb Deadly Mexico Flu Strain

World governments and businesses announced new steps on Tuesday to try to slow the spread of a new strain of swine flu that has killed up to 149 people in Mexico and threatens to become a pandemic. The World Health …

AIG a Lesson for European Watchdogs

AIG’s near collapse is a credit-crunch case study in how Europe can improve supervision of big cross-border insurers, a top EU market regulator said on Monday. The American insurer has received nearly $180 billion in government funds to prevent a …

Aon Global Risk Analyzes Potential Impact of Swine Flu Outbreak

Aon has issued a bulletin analyzing the current outbreak of swine flu. Alex Hindson, head of enterprise risk management at Aon Global Risk Consulting, stated: “Health risks are unpredictable but given the possibility of a Swine Fever pandemic developing, organizations …

Momentous Insurance Appoints Neumann Assistant VP

Van Nuys, Calif.-based Momentous Insurance Brokerage Inc. announced that Grace Neumann is an assistant vice president. Neumann has more than 20 years experience in providing asset protection consultation and insurance services for affluent clientele in Santa Barbara and the entire …

Study: Many Employees Undermine Data Breach Prevention Strategies

Many employees disable the encryption solutions on their laptops, putting their employers at risk for data breaches, according to a study by Absolute Software Corp. and the Ponemon Institute. The study, “The Human Factor in Laptop Encryption: US Study,” examined …

Florida’s Property Insurance Market: An Overview by Commissioner McCarty

It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in the world, agree that the Florida property insurance market provides …

Texas Mutual Launches Teen Worker Safety Program

Texas Mutual Insurance Company and its partners have launched off a campaign to reduce the number of workplace injuries among teen workers. The One Wrong Move campaign kicked off in Lubbock on April 23 with brochures, billboards, radio commercials, mall …