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Thomas J. Schaffler has been named president of Lockton Cos. employee benefits practice in Chicago. He joined Lockton more than 10 years ago as executive vice president and producer and serves on the Chicago executive committee. He is also a …

Uncertainty Pervades the Terrorism Insurance Market

Threats On Rise and TRIA Funding Faces Possible Cutback; Standalone Market Could Gain The threat of terrorism in the U.S. is rising but the future of the Terrorism Risk Insurance Act (TRIA) is in question. At a time when top …

Strong Attitude Backed by Superior Knowledge

Top 100 Agency Profile Agency Name: Mesirow Financial Services Inc. Headquarters: Chicago, Ill. Year Founded: 1937 2008 Total Premium Volume: $1.4 billion Property/Casualty: $397.5 million Other than P/C: $1.0 billion % Commercial: 24% % Personal: 12% 2008 Revenues: $90.5 million …

Countries Raise Security in Malacca Strait after Terror Warning

Malaysia and Indonesia said on Thursday they are stepping up security in the Strait of Malacca, one of the world’s busiest shipping lanes, following the Singapore navy’s warning of possible attacks on oil tankers. The Singapore navy “has received indication …

AIG Still Working Out $15 Billion Sale of Alico to MetLife

A tax question holding up American International Group Inc.’s sale of its foreign life insurance unit to MetLife Inc. is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources familiar with the matter said …

Maritime Terrorism Could Have Global Economic Impact

Singapore said on Friday it had raised alert levels in the city-state and beefed up security at its airport and new casino resorts after a warning of possible attacks on oil tankers in the Malacca Strait. [See IJ web site …

El Nino Dissipating, But May Linger Through 2010

The deadly El Nino weather anomaly should dissipate by early summer in the northern hemisphere, but there is a chance a weak version will linger for the rest of 2010, according to a U.S. government report issued Thursday. The federal …

Toyota Sued in Caliornia Over Deaths in Crash Blamed on Acceleration

Relatives of a California state trooper and three family members whose fatal car wreck helped spark Toyota’s wide-ranging safety recall have sued the automaker for defects they say caused the vehicle to speed out of control and crash. The lawsuit, …

Breslav to Head Alternative Markets Team at SRS

Specialty Risk Services has appointed Gordon Breslav to its Alternative Markets sales team. Breslav will originate new business and captive, program, association and BPO relationships throughout the eastern region of the United States. SRS, based in Hartford, Connecticut, is a …

Global Warming Litigation Just Getting Started; Costs Will Be Significant

Toward the end of 2009, it appeared that a number of issues with the possibility of creating significant political and social changes were on the verge of becoming law before stalling or imploding. One such issue with serious implications for …