National News

Fireman’s Fund Enhances Prestige Home Premier Product

Fireman’s Fund has unveiled new coverages and enhancements to its Prestige Home Premier product, now available in six states and filing nationwide through 2016. Homeowners in Arizona, Colorado, Connecticut, Illinois, Missouri, and Oregon are now eligible for the new product, …

The Problem with Domestic Excess & Surplus Lines Insurers

It has been more than five years since states, beginning with Illinois, began to enact laws permitting the formation and licensing of domestic excess and surplus lines insurers. To date, these initiatives have gotten very little traction in the insurance …

AIG Names Fasano to New Chief Information Officer Post

American International Group Inc. has named Philip Fasano to the newly-created role of executive vice president and chief information officer. Fasano will be responsible for oversight of the company’s global information technology, including reviewing and updating technology systems and platforms, …

Advisen’s Ruggieri Replaces Hooper as North America CEO for Cooper Gay Swett Crawford

Global wholesale and reinsurance broker Cooper, Gay, Swett & Crawford said that Thomas P. Ruggieri will join the company as chief executive officer and president of the North American operations effective Oct. 10. Ruggieri, CEO at Advisen Ltd., replaces Shaun …

ASCnet Changes Name to Applied Client Network

ASCnet (Applied Systems Client Network) has changed its name to Applied Client Network. Based in Des Plaines, Ill., the association represents insurance agencies and brokerages that use Applied software worldwide. In conjunction with the name change, the association introduced a …

NFL’s Concussion Claims Could Reach $950 Million

The National Football League will have to pay about $950 million to resolve players’ head-injury claims, based on estimates that fewer than one in five will seek compensation for injuries eligible for cash awards, according to a newly released report. …

Demand for Liability Insurance to Rise Again: Swiss Re

Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Cyber risk, hydrofracking and autonomous cars will likely be among the …

How Cybercriminals Attack Small Businesses — and 10 Ways to Stop Them

At a recent “Hacker Lab” event, “white hat” hackers revealed how cybercriminals work — and what businesses can do to protect themselves. The multimedia presentation used a simulated small business system to demonstrate how hackers choose their targets, how they …

XL Group, Munich Re, New Energy Risk Provide Insurance for Fuel Cell Project

XL Group’s Complex Accounts unit, Munich Re’s Green Tech Solutions team, and consultants New Energy Risk (NER), have teamed up to deliver a performance insurance policy for a portfolio of fuel cell servers installed across the U.S. The insurance cover …

Guy Carpenter’s Bufkin Joins Hamilton USA

Hamilton Insurance Group today announced that Barbara C. Bufkin will be joining its U.S. operations, Hamilton USA, as executive vice president, Business Development. Reporting to Hamilton USA CEO Conan Ward, Bufkin will be responsible for distribution, marketing and sales strategies, …

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