A South Carolina thunderstorm caused a wind gust of 75 mph at Columbia Metropolitan Airport on Tuesday, damaging a temporary hanger, authorities said. The storm also knocked out power at parts of the airport, but officials said the terminal remained …
Gov. Mike Easley announced that 164 senior centers in North Carolina will soon receive a National Oceanic and Atmospheric Administration radio to warn seniors and staff members of tornadoes, hurricanes and other weather-related emergencies. The weather radios will be delivered …
Munich Reinsurance America Inc. announced that John P. Phelan will retire as planned on Dec. 31, 2007, after serving nearly six years as its chairman and CEO. Anthony J. Kuczinski, who is currently president of Munich Re America’s Specialty Markets …
Woodbridge, N.J.-based NIP Programs, a division of NIP Group Inc., announced that Timothy O’Connor has joined the management team as a program manager. As program manager, O’Connor is responsible for the growth and profitability of the GrowPro insurance program within …
Speaking before a key subcommitee of the U.S. House of Representatives Tuesday, Sandy Praeger, president-elect of the National Association of Insurance Commissioners (NAIC) and Kansas Insurance Commissioner, testified on the merits of all-perils insurance coverage. Commissioner Praeger commended the Subcommittee …
In 2006, total U.S. premium ceded to offshore reinsurers was $54.7 billion and ceded recoverables totaled $114.2 billion, according to a report released by the Reinsurance Association of America (RAA), “Offshore Reinsurance in the U.S. Market: 2006 Data.” That represents …
Seattle-based Safeco has announced it has expanded its sales organization from five to nine regions, and has named executives to lead two of the new territories. “Independent insurance agents have consistently told us they want more personal contact,” said Spencer …
Zurich Financial Services Group (Zurich) created a new Mergers & Acquisitions (M&A) unit to analyze needs and offer customized solutions for customers going through a merger or acquisition. The unit is already fully operational in the U.S. and will have …
Willis Re, the reinsurance operations of global broker Willis Group Holdings (NYSE: WSH), issued new research on at-work motor vehicle accidents; a significant and common concern among carriers insuring the workers’ compensation (WC) class of business. The Willis research quantifies …
Michelle Lafferty recently joined Hylant Group as vice president in the Cleveland, Ohio, office serving as the Corporate Claims Practice leader and Claims counsel., the company announced. Lafferty is responsible for overseeing the claims division and coordinating best practices to …