Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL) Index declined by 6 percent at …
Bright Spots for Commercial Contractors; Tough Times for Residential Market Construction insurance specialists say market improvement in 2010 for the construction industry will be slow for most sectors — even so opportunities do exist. Publicly funded construction projects have seen …
The United Nations’ Copenhagen Conference on Climate Change strained mightily and produced — a note. Co-authored by the United States and China as a last minute face saver, only five nations signed it. This wasn’t much, to say the least, …
Privately owned, independent reinsurance brokerage Lockton Re has expanded its presence in the United States with the appointments of three new executives – Larry Hunter-Blank, Joe Zuk and Scott D. Polkinghorne at its offices in New York and Kansas City. …
Intersections where Spokane, Wash., installed red light cameras in 2008 in the name of safety saw an increase in crashes and injuries in the first year of the controversial program. There were 38 collisions at the three intersections the year …
The U.S. Ninth Circuit Court of Appeals has upheld an arbitration award requiring U.S. Life Insurance Co. to pay reinsurance of more than $500 million to Superior National Insurance Companies, workers’ compensation insurer in liquidation, the California Department of Insurance …
Lexington Insurance Co., a Chartis company, introduced CarbonCover Registry, a professional liability coverage for carbon registries. CarbonCover Registry is the first offering in Lexington’s new CarbonCover suite of products designed for companies operating in the developing climate change and greenhouse …
Los Angeles-based Heritage General Agency, a managing general agent and operating division of Worldwide Facilities Inc., has changed its trade name to Worldwide Facilities Inc. There will be no change in staff, offices or contact information other than the Worldwide …
Willis Group Holdings announced that its reorganization has been completed and the new parent company of the Willis Group – known as Willis Group Holdings Public Limited Company (PLC) – is incorporated in Ireland. Willis first announced the reorganization in …
The number of miners killed on the job in the United States fell for a second straight year to 34, the fewest since officials began keeping records nearly a century ago. That was down from the previous low of 52 …
