The ACE Group of Cos. has appointed Damon R. Hostetter as senior vice president of ACE Recreational Marine. Hostetter will be based in Philadelphia, and will direct the overall growth and profitability of ACE’s marine marketing and underwriting division, part …
The Arizona Insurance Council (AIC) has elected new officers for 2008. AIC is a non-profit organization dedicated to consumer education and partnership building on behalf of property and casualty insurers in Arizona. The AIC 2008 elected officers and the companies …
Salem (Virginia) High School students got firsthand experience with drunken driving on a recent morning. Almost 100 students buckled into the Safety Bug, a yellow Volkswagen Beetle designed to mimic the effects of drunken driving. One student maneuvered around the …
The deepest coal mine in the United States abruptly shut down, a week after the company was hit with a huge safety fine and was being assessed for other violations at a nearby mine. UtahAmerican Energy Inc. said “unexpected and …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Triad Guaranty Insurance Corp. (Triad) to ‘BBB’ from ‘AA-‘. S&P also lowered its counterparty credit rating on Triad Guaranty Inc., to ‘BB’ from ‘A-‘. All …
Anti-discrimination laws extend workplace protections to employees who have personal relationships with those of another race, a federal court in New York has ruled. In a first of its kind decision, a three-judge panel of the Second Circuit Court of …
Axis International Loss Adjusters and Surveyors (Axis), sold its North American specialist adjusting business to York Specialized Loss Adjusting (York SLA), a division of York Insurance Services Group, Inc., for an undisclosed sum. York SLA acquired the complete U.S. operation, …
Buried deep inside one version of a bill to compensate the victims of the Interstate 35W bridge collapse is language that would shield the University of Minnesota from any liability. University researchers authored a 2001 study of fatigue cracking that …
Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during February include four license revocations, three license denials, and fines and restitution totaling $356,925, the Texas Department of Insurance announced. Only final orders are listed. An order …
Texas Mutual Insurance Company announced that members of the Texas Produce Association (TPA) workers’ compensation purchasing group will share in a $53,732 dividend. The dividend is based largely on the group’s loss ratio. TPA has earned more than $113,571 in …