Monthly Archives: <span>April 2011</span>

Report: 2011 on Track for Record Securities Lawsuit Filings

Securities suit filings are on track to set a new record in 2011, according to Advisen Ltd’s most recent quarterly report and sponsored by ACE. Following on the heels of the credit crisis, which sparked record-setting litigation in 2008 and …

Chartis to Shift Asbestos Liabilities to Berkshire’s National Indemnity

American International Group said today that its global property/casualty insurer Chartis will transfer the bulk of its legacy asbestos liabilities to National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc. Chartis said the transaction is part of its ongoing …

Action Taken Against Two Washington Insurance Agents

Two insurance agents, who misappropriated thousands of dollars from their clients, have been barred from doing business in Washington state. • Nancy M. Bishop, of Puyallup, has been barred from doing insurance business in Washington and ordered to repay consumers …

Raging Texas Wildfire Spurs Evacuation

Hundreds of square miles of rugged, wooded country along the Brazos River in West Texas remain evacuated as a complex of wildfires remain on a rampage about 70 miles west of Fort Worth. State and local firefighting forces battled the …

Allied World Forms New Inland Marine Division

Allied World U.S. has expanded its Property & Casualty(P&C) operations with the launch of a new Inland Marine division. The division will target all filed and non-filed classes of Inland Marine business in the United States, with a focus on …

CICs and CRMs Earn Update Credit at Entrepreneurial Insurance Symposium

Dallas, TX – April 20 2011 – The Entrepreneurial Insurance Symposium has been approved by The National Alliance for Education and Research as a qualified annual update for Certified Insurance Counselors (CIC) and Certified Risk Managers (CRM) certificate holders. According …

Iowa Residents Escape Blow Dryer Fire

Two people escaped a fire at their Cedar Rapids home unharmed after fire officials say a blow dryer ignited paint cleaner. The Gazette is reporting that one of the residents was painting the kitchen and was using a blow dryer …

Lockton Launches Enterprise Disruption Contingency Insurance

Lockton, a privately held insurance broker, is launching a package of risk management solutions called Enterprise Disruption Contingency Insurance designed to help companies cope with previously “uninsurable” risks. Lockton’s Enterprise Disruption Contingency Insurance offers an “umbrella solution” for such gray …

Massachusetts Family Overcome by Carbon Monoxide

Four members of a Cape Cod family are being treated for symptoms of carbon monoxide poisoning. Eastham Fire Captain Steve Burns says a husband and wife and their two sons were rushed from their home to Cape Cod Hospital shortly …

2 Mississippi Men Charged with Arson

Two Sumrall men have been arrested for allegedly setting several woods fires in Lamar County during December. Lamar County Sheriff Danny Rigel tells The Hattiesburg American that 29-year-old Brandon Grantham and 34-year-old Marcus Adrian Barnett were arrested last week after …