Washington News

ACE Names Furgueson President, Multinational Client Group for Int’l. P/C

The ACE Group announced the appointment of Michael Furgueson to the newly created post of President, Multinational Client Group, ACE Overseas General. He will be responsible for leading the company’s commercial property and casualty insurance capabilities targeted to large multinational …

Washington Commissioner Wins National Consumer Award

Washington state Insurance Commissioner Mike Kreidler has received the “Excellence in Consumer Advocacy Award” given out annually by consumer advisors to a nationwide association of insurance regulators. The award honors “the regulator we believe has most effectively represented and advanced …

Online Agency Says Auto Insurance Rates Fell 3.5% in 2009

Online insurance agency insurance.com said its records show that car insurance rates across the nation declined 3.5 percent in 2009 to $1,803 per year. The company said the decline followed a rate increase of 8 percent in 2008. According to …

Wells Fargo Insurance Buys Agencies in Florida, Washington

Wells Fargo Insurance Services, Inc. has acquired iLeader Risk Management Solutions, a single office, insurance brokerage located in Tampa, Fla., and Orca Bay Benefits, LLC, a single office, employee benefits insurance brokerage located in Mercer Island, Wash. The separate acquisitions …

AIG Looking for New HR Chief to Handle Pay Challenges

American International Group Inc., the bailed out insurer beset by executive pay restrictions, has parted ways with its head of human resources, leaving open a key vacancy in the midst of fragile pay negotiations with Washington. AIG confirmed the departure …

Top Personal Lines Agencies

Correction: Top Personal Lies Agencies The Top 2009 Personal Lines Agencies list that was published in the Nov. 16 issue of Insurance Journal was incorrect. Unfortunately, columns of spreadsheet data shifted in the process of producing that listing. Insurance Journal …

Louisiana Lawmakers, Regulators Responding to Chinese Drywall Issues

The controversy over drywall from China is heating up in Washington and in the Southeastern states most affected by the use of the product following the 2004 and 2005 hurricane seasons, including Louisiana. In a letter to Federal Trade Commission …

Declarations

Firefighting at Night “Nighttime air attack is a standard. … Such action was not taken because the USFS policy prohibits night flying. Would night flying have made a difference? No one can say for sure, but night flying is a …

Business Moves

USAA Military insurance company USAA is expanding its customer base by nearly 35 million prospects by opening up eligibility for its products to all veterans who have served in the U.S. Armed Forces at any time. More than 18 million …

Most Want Congress to Address Cost of Malpractice Lawsuits

Most Americans want Congress to deal with malpractice lawsuits driving up the cost of medical care, says an Associated Press poll. Yet Democrats are reluctant to press forward on an issue that would upset a valuable political constituency — trial …