United States News

Hiscox Appoints Walter as U.S. CEO; Head as Chief Underwriting Officer

Hiscox made a number of changes to its U.S. Management Team, appointing a new CEO and chief underwriting officer for Hiscox USA. Ben Walter, current chief operating officer of Hiscox USA has been promoted to CEO effective April 1, 2012. …

Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed

Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some infrastructure could take years to repair, authorities said on Friday. The floods have swamped mines in Queensland State, paralyzing operations …

Oklahoma Insurance Commissioner-Elect Names Staff Members

Incoming Oklahoma Insurance Commissioner John Doak has appointed 10 members of his staff to lead the Oklahoma Insurance Department. Joining the team are: Mike Rhoads as deputy commissioner of Health Insurance; Denise Engle as deputy commissioner of Workers’ Compensation; Former …

Marsh & McLennan Agency Acquires Minnesota-based RJF Agencies

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced it has RJF Agencies Inc., one of the largest independent insurance agencies in the upper Midwest. Terms of the transaction were not disclosed. Founded in 1986, …

Big Drop in Road Deaths Tied to Recession, Seat Belts

Air bags and the economic recession have contributed to the biggest drop in road deaths in the United States since World War II, U.S. researchers said Tuesday. Changes in driving patterns and safety features both contributed to a 22 percent …

Brown & Brown Buys Balcos, Mike Howard Insurance in Washington

J. Scott Penny, regional president of Brown & Brown Inc.; Mark S. Balcos and Scott N. Balcos, principals of Balcos Insurance, Inc.; and Michael P. Howard, principal of M C H, Inc. of Seattle, d/b/a Mike Howard Insurance, today announced …

Texas Insurance Commissioner Geeslin to Step Down

Texas Insurance Commissioner Mike Geeslin has announced that he will not seek another term as head of the Texas Department of Insurance. His term ends Feb. 1, 2011. Geeslin has been with TDI for eight years, and has served as …

Big Drop in Road Deaths Tied to Recession, Seat Belts

Air bags and the economic recession have contributed to the biggest drop in road deaths in the United States since World War II, U.S. researchers said Tuesday. Changes in driving patterns and safety features both contributed to a 22 percent …

Cunningham Lindsey Acquires Loss Adjusting Unit of GAB Robins NA

Cunningham Lindsey has acquired the U.S. loss adjusting business of GAB Robins North America Inc. The global loss adjusting and claims management services company said the addition of the GAB Robins loss adjusting business significantly expands Cunningham Lindsey’s operation in …

Florida Approves Lower Collateral for Renaissance Re

Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida’s property reinsurance marketplace with modified collateral requirements. In 2007, Florida lawmakers passed legislation that authorized the Office of Insurance Regulation to establish lower collateral requirements for non-United States based …