Bermuda’s AXIS Capital announced that its expects net losses related to Windstorm Kyrill to be between $40 and $55 million, principally from its reinsurance segment. AXIS noted that Kyrill “produced damaging winds across Europe,” and was the “most significant storm …
California Insurance Commissioner Steve Poizner may have three major priorities for his office — to make his office non-partisan, to fight insurance fraud and to prepare the state for the next major disaster — but that doesn’t mean he won’t …
Indiana Insurance, a member of Liberty Mutual Group, announced today that it will host four free, day-long Safer Schools Seminars beginning February 19th at Eastern Kentucky University in Richmond, Ken. Seminars will follow in Murfreesboro, Tenn. and Normal, Ill., before …
California’s Division of Workers’ Compensation (DWC) has released return-to-work rate information on permanently disabled workers that shows a more than five percent average increase in return-to-work rates for workers injured between Jan. 1, 2005 and Jun. 30, 2005, in comparison …
Cunningham Lindsey U.S. (CLUS), headquartered in Dallas, has promoted Assistant Vice President Laura Pastore to national account executive. Pastore joined CLUS in 2005 as a property analyst. In her new capacity, Pastore will be directly responsible for forming and managing …
Texas Gov. Rick Perry has proposed the creation of a $50 million Disaster Contingency Fund to help state and local governments respond to public emergencies. “As we have learned from disasters like hurricanes Katrina and Rita, as well as recent …
A federal judge on Jan. 30 approved a settlement between Murphy Oil Corp. and about 6,000 St. Bernard Parish, La., homeowners over an oil spill that happened during Hurricane Katrina. In a three-page ruling, U.S. District Judge Eldon Fallon called …
Aon’s Agribusiness and Food Systems Group has created a new unit to focus on the specialized risks associated with the bio-fuels industry. Aon’s new Agri-Fuels Risk Management Group (AFRMG), based in Kansas City, will be headed up by Senior Relationship …
Morristown, N.J.-based PGI Commercial (PGIC), the U.S. program manager of Bermuda-based insurance distributor Primary Group Limited, has added an underwriting team and opened a branch office in Troy, Mich. The unit will specialize in providing Liquor Liability and BOP coverage …
AIR Worldwide announced that Karen Clark, its current president and CEO, will assume the role of vice chairman of the board of AIR, effective April 15, 2007. S. Ming Lee, currently the company’s executive vice president, will succeed her as …