The Board of Directors of the International Insurance Society (IIS), at their annual meeting in Madrid, announced the election of Norman R. Sorensen, President – International Asset Management and Accumulation, Principal Financial Group, as the new Chairman. He succeeds Marsh …
The property/casualty industry returned to profitability in the first quarter of 2010 despite continuing declines in both written premiums and earned premiums. Private U.S. property/casualty insurers’ net income after taxes swung to positive $8.9 billion in first-quarter 2010 from negative …
A couple of cases related to damages caused by defective Chinese-manufactured drywall have reached settlement in the U.S. District Court, Eastern District of Louisiana. According to a court document signed by Judge Eldon E. Fallon, defendant Knauf Plasterboard Co. (Tianjin) …
An Arizona wildfirethat has burned 14,000 acres and incurred $1.8 million in claims to date might be the first example of the fire risks the Western United States are facing in 2010. But, the National Interagency Coordination Center expects fire …
Marsh & McLennan, Kroll, Altegrity Marsh & McLennan Cos Inc. agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for less than the insurance broker paid for Kroll six years ago. MMC plans …
AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off the Louisiana Coast, …
AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off the Louisiana Coast, …
Lloyd Eisenrich, president of Weatherby-Eisenrich Inc. in Andrews, Texas, has been elected president of Combined Agents of America LLC (CAA), headquartered in Austin. The other members of the 2010 CAA management committee are: Chairman of the Board Bill Bridges, executive …
Top 100 Agency Profile Agency Name: The Horton Group Inc. Headquarters: Orland Park, Ill. Year Founded: 1971 Locations: 15 2009 Total P/C Premiums: $258.3 million Commercial Lines: $221.4 million Personal Lines: $36.8 million Other than P/C: $269.7 million 2009 Total …
British energy giant BP Plc is planning to raise $50 billion to cover the cost of the Gulf of Mexico oil spill, while the head of a $20 billion fund to compensate victims of the accident vowed Sunday that eligible …
