Compensation Risk Managers (CRM) in Poughkeepsie, N.Y. has formed an affiliation with Snashall Associates, a consulting firm led by former N.Y. State Workers’ Compensation Board Chairman Robert R. Snashall that provides highly specialized expertise and advice in the area of …
A Guyanese immigrant has been charged in the killings of two men whom prosecutors call the victims of a murder-for-profit and insurance fraud scheme that may have claimed the lives of at least 10 other people. Ronald Mallay has been …
A remedy to hold down the escalating costs of medical malpractice insurance has received final approval from New Jersey lawmakers, two years after they first stated working on it. The bill would create a $78 million fund to help physicians …
A.M. Best Co. announced that the 2004 E-Fusion Insurance & Technology Awards have been expanded to six categories. “Interest in our awards program has snowballed, so we need to better reflect the widespread business and technology innovation that’s taking place …
Allstate Insurance Company announced that a study it conducted in 2003 identified more than 750,000 homes in coastal hurricane states that may not have flood insurance. The study looked at current Allstate homeowners insurance customers living in or near “Special …
The Union Pacific Corporation announced that a settlement agreement has been reached in a class action lawsuit related to the May 27, 2000 train derailment near Eunice, Louisiana. Terms of the settlement, which is subject to court approval, provide for …
Arch Insurance Group, a division of Bermuda-based Arch Capital Group Ltd., announced its entrance into the railroad arena with up to $25 million in new capacity, which it said will provide “an additional market for a wide assortment of rail-related …
Munich Re announced excellent first quarter results, posting a profit of 534 million euros ($641.3 million) and a combined ration of 96.3 percent. The brief announcement was made prior to the company’s 117th Annual General Meeting, which will take place …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Bermuda-based Montpelier Reinsurance Ltd. and its debt rating of “bbb” on $250 million 6.125 percent senior unsecured notes due 2013 for Montpelier Re Holdings …
Arch Capital (UK) Ltd., a subsidiary of Arch Insurance Group (U.S.), announced that it has expanded into construction and engineering insurance with the appointment of Anthony Reilly as Construction All Risks/Erection All Risks (CAR/EAR) Underwriting Manager beginning Tuesday, May 4. …
