George F. Hutchings has joined the OIL Group of Companies in Bermuda as senior vice president and chief operating officer of Oil Casualty Insurance Ltd. His professional career has taken him from corporate finance to venture capital and then on …
Standard & Poor’s Ratings Services has revised its outlook on W.R. Berkley Corp. and BER’s operating companies (collectively referred to as Berkley) to stable from negative. Standard & Poor’s also said that it assigned its ‘BBB-‘ rating to BER’s proposed …
Burns & Wilcox has announced the appointment of Susan Johnson as an assistant underwriter of transportation/inland marine for its Morehead City, N.C. office; and James Goodman has been named a personal lines underwriter for the firm’s exclusive national condominium program. …
Farmers Insurance Group Inc. was ordered to pay $9.9 million to two women for failing to defend them against a neighbor who sued for an injury at their condominium complex. A Superior Court jury awarded the money to retirees Linda …
ISU International announced that the latest addition to the network is C.H. Edwards Agency of Farmingdale, N.Y. The newest ISU agency was first opened in 1925. Since that time, the agency has established a clientele which spans all across the …
In a combined effort to combat fraud and protect workers from serious injury and death, the Washington Department of Labor and Industries (L&I) has cited a Tacoma roofing contractor for workers’ compensation fraud and multiple safety violations. An industrial insurance …
Sandy, Utah-based Prime Holdings Insurance Services Inc. announced that its property and casualty insurance subsidiary, The Prime Insurance Syndicate Inc. (“Prime”), was notified that as of July 15, 2005, Prime received an increased Best’s Rating of “B” with a stable …
HCC Insurance Holdings Inc. announced that David J. Evans has joined its underwriting agency subsidiary ASU International Inc. as managing director of their London-based operations. ASU is headquartered in Wakefield, Mass., with offices in Los Angeles, New York City and …
Texas Capital Bank announced it has created a new line of business, BankDirect Capital Finance, to provide premium finance and other financial services to insurance agencies and their customers on a nationwide basis. BankDirect Capital Finance was formed through the …
As Hurricane Emily approached the U.S.-Mexico border, Texas Attorney General Greg Abbott issued an alert to residents and business owners in South Texas to be on the lookout for unscrupulous repair contractors and retailers who may use the effects of …
