United States News

Insurers, Environmental Advocates Urge Changes to Protect U.S. Coastlines

A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising sea levels by as much as half along …

Zurich Names Bouchard to Head Climate Office

Zurich Financial Services Group has appointed Francis Bouchard as head of the Climate Office, effective May 1, 2009. Bouchard will succeed Mike Kerner, who has recently been appointed to Chief Executive Officer of Global Corporate in North America. In this …

MacNeill Group Names Tromer President

MacNeill Group Inc. promoted Kevin M. Tromer to president. In January 2009, Tromer succeeded Douglas W. Bullington who continues on in his current position of CEO of Focus Holdings LLC, MacNeill Group’s parent company. Tromer is just the fifth person …

Willis HRH Names Pera to Head Atlantic Region, Based in Tennessee

Insurance broker Willis HRH has appointed Douglas W. Pera as national partner of its Atlantic region. Pera will be responsible for the company’s retail insurance offices in Maryland, Tennessee and Virginia, and will report to Don Bailey, chairman and Chief …

Top Federal Reserve Official: Let ‘Too Big’ Insolvent Financial Firms Fail

Insolvent financial firms must be allowed to fail regardless of their size, and sheltering such “too big to fail” institutions risks making the financial crisis worse, a top Federal Reserve official said Tuesday. In blunt criticism of the government and …

It’s Not Easy Being Green; But It’s Profitable

Jim Henson’s most famous Kermit the Frog said it the best, “It’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy going green, being green can be profitable. The green building market is steadfastly …

Agnew to Be Inducted Into Iowa Insurance Hall of Fame

Dan F. Agnew, president and CEO of Iowa-based Grinnell Mutual Reinsurance Company, will be inducted into the Iowa Insurance Hall of Fame on May 21, 2009. The induction ceremony will take place at the Olmsted Center on the Drake University …

Katrina Flooding Victims’ Lawsuit Against Corps of Engineers Begins

Arguments began April 20 in a lawsuit filed by New Orleans residents and a business who claim the Army Corps of Engineers owes them damages because of the massive flooding after Hurricane Katrina that stirred up the waters and washed …

Mexico Bank Offers Insurance for Immigrants in U.S.

Banorte, one of Mexico’s leading banks, has begun to offer life insurance to immigrants working in the United States to protect their families back home. The insurance, being rolled out first in the state of Zacatecas, covers the death of …

People

Thoits Insurance of San Jose, Calif., promoted Paul Saich to CEO. Saich replaces Don Way, who had been with Thoits for 44 years, and will remain as chairman of the board. Saich joined Thoits Insurance in 1996 and most recently …