Venezuela News

Venezuela Plane Crash Kills More than 150; Engine Trouble Reported

In the second major airline accident in just the last three days, officials reported Tuesday that all 153 passengers on a West Caribbean Airways flight from Panama to Martinique died when the plane went down in eastern Venezuela. Officials reported …

Pan-American Life Names Mickan Executive VP and CFO

Pan-American Life Insurance Company, headquartered in New Orleans, announced the selection of Carlos F. Mickan as executive vice president and chief financial officer (CFO). Mickan’s appointment is effective June 20. “One of Pan-American Life’s strategic objectives is to increase our …

Ala., N.C. Agents Join Assurex Global Network

Cobbs Allen & Hall Inc. of Birmingham, Ala., and Senn Dunn, of Greensboro, N.C. have been accepted as members of Assurex Global of Columbus, Ohio, the world’s largest insurance association designed specifically to meet the needs of independent agents and …

Assurex Global Expands Worldwide Presence

Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of international broker Partners in Cork, Ireland; Mumbai, India; Lima, Peru; Caracas, Venezuela; …

Ivan Leaves 15 Dead in Lesser Antilles; Category 5 Storm Heads for Jamaica, Cuba, U.S.

At least 9 persons were reported to have died on the Caribbean Island of Grenada, following a direct hit from Hurricane Ivan. A report from the BBC, delayed because of damage to communications facilities, said that 90 percent of the …

Powerful Hurricane Ivan Ravages Caribbean Islands; Could Strike U.S.

Hurricane Ivan continued its destructive path through the Southeastern Caribbean yesterday, pummeling Grenada, Barbados and Tobago with 120 mph (195km/hr) winds before moving back over open water. No deaths have so far been reported, but property damage has been severe …

Caribbean Islands Brace for Another Hurricane; Ivan Now a Category 4 Storm

Predictions of a “busy” hurricane season are proving all too true. While Frances is still churning the waters of the Gulf of Mexico off the Florida panhandle, Ivan continues to gather strength off the coast of Venezuela. The National Hurricane …

Liberty Mutual to Buy AGF’s Chilean Subsidiary

Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division of Germany’s Allianz AG. The …

Mass. Gov. Romney Kicks Auto Insurance Reform into High Gear

The industry officials who run the private passenger auto high risk system in Massachusetts have started drawing up rules in response to urgings by the administration of Gov. Mitt Romney to make their operations and the field of competitors more …

Mass. Commissioner Orders High Risk Pool Changes Within 30 Days; Governor Names Reform Task Force

Just hours after Massachusetts Insurance Commissioner Julianne Bowler formally called upon the industry to come up with a plan to change the way private passenger auto high risks are handled, officials of Commonwealth Auto Reinsurers (CAR), the organization that oversees …