Red Bank, N.J.-based Investors Underwriting Managers, Inc., a wholly owned subsidiary of the Markel Corporation, has appointed Robert W. Blazer III to the newly created position of vice president and chief administrative officer. In his new role, Blazer will assume …
Residents of the Northeast coast “ignore the hurricane threat at their peril,” a leading insurer is warning. At the same time, Wendy Baker, president of Lloyd’s America, says she is confident that the global insurance market is equipped to respond …
Independent insurance claims services company Cunningham Lindsey U.S. (CLUS), based in Dallas, announced the addition of Ronnie Schuman to its Business Development Team. Schuman comes on board with CLUS as assistant vice president and national account executive, and will be …
Beginning this year, cities and towns throughout Oklahoma will be required to develop emergency evacuation plans under a new law signed recently by Gov. Brad Henry. State Sen. Kenneth Corn is author of Senate Bill 1709, which Corn says better …
On May 31, the eve of the 2006 hurricane season, Texas Watch, a non-profit consumer advocacy organization active on insurance issues, announced the launch of its Hurricane Insurance Company Accountability Network (ICAN) in Beaumont, Texas. Homeowners interested in receiving information …
A new Special Report from the A.M. Best Company on the impact of a possible “mega-cat” hurricane — $100 billion or more in insured losses — finds that the financial consequences would be serious and widespread for the insurance industry …
A federal grand jury in Los Angeles indicted two elderly women accused of befriending transient men and then collecting on life insurance policies worth $2.3 million (euro1.79 million) after the men died in hit-and-run crashes. Investigators also revealed that they …
Standard & Poor’s Ratings Services said today it affirmed its “A+” counterparty credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its “BBB+” counterparty credit and senior debt ratings and “A-2” commercial paper ratings on …
A class action lawsuit was filed in the United States District Court for the Eastern District of Louisiana on May 24, 2006, on behalf of Greater New Orleans Metropolitan Area homeowners insurance policyholders who have been denied or refused insurance …
Standard & Poor’s Ratings Services has revised its outlook on Mercury Casualty Co. (Mercury Casualty), Mercury Insurance Co. (Mercury Insurance), and Mercury Insurance Co. of Florida (collectively referred to as Mercury) to negative from stable. Standard & Poor’s also said …