July 8, 2008
Indiana Insurance, a Liberty Mutual Agency Markets regional company, today announced the appointment of. Jessica M. Frankovich to Inland Marine underwriting manager. Frankovich will be based in Indiana Insurance’s Illinois regional office and will manage and grow the company’s Inland …
July 8, 2008
Sustainability risks are one of the most critical emerging risk areas of the 21st century and actuaries will need to develop mitigation and financing strategies for handling them. “Sustainability risks are going to have a substantial impact on risk management …
July 7, 2008
Producers might benefit from the $3.8 billion disaster fund that is part of the 2008 farm law. Farmers must have crop insurance to qualify for the program. We have all watched with utter dismay and compassion as Midwest storms and …
July 7, 2008
The U.S. Agriculture Department (USDA) will look “at everything possible” to aid Midwest farmers hurt by the worst flooding in more than 15 years, Agriculture Secretary Ed Schafer said in late June. Agricultural losses in Iowa may be “in the …
July 7, 2008
High Profile Attorney Scruggs Sentenced to 5 Years A high-profile Mississippi lawyer, who became unpopular on Wall Street for battling powerful companies, was sentenced to five years in prison after pleading guilty to conspiring to bribe a judge. Richard “Dickie” …
July 7, 2008
A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law. …
July 7, 2008
14,500 Dog bites now account for one-third of all homeowners insurance liability claims, costing $356.2 million in 2007, up 10.5 percent from the previous year, according to the Insurance Information Institute (I.I.I.). An analysis of homeowners insurance data by the …
July 7, 2008
The Wisconsin Supreme Court has ordered an insurance company to pay nearly $1 million in a medical malpractice case. The decision upholds an earlier ruling that Physicians Insurance Co. of Wisconsin must pay damages and costs to the estate of …
July 7, 2008
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. International Energy Package Market Detail: MarketScout provides a market for clients needing coverage for foreign …
July 7, 2008
New Chief Sees ‘No Sacred Cows’ in Turnaround Plan; Ready to Divest of Non-Insurance Holdings American International Group, the world’s biggest insurer [by capitalization], replaced CEO Martin Sullivan on June 15, after it suffered two quarters of record losses from …