Thousands of doormen, elevator operators and building cleaners in New York City who had threatened to walk off the job on New Year’s Day resolved their contract dispute Saturday by agreeing to a new four-year contract. The $6.8 billion deal …
Bermuda’s XL Capital Ltd. announced that Michael P. Esposito, Chairman of XL, has resigned from its Board of Directors. However, the bulletin also noted that he “will continue as Chairman of the Board of Security Capital Assurance Ltd., XL’s 46 …
Flagstone Reinsurance Holdings Limited announced that Miguel Barrales has been appointed CEO of Flagstone Underwriters Latin America Ltd. A.I. He joins Flagstone from Swiss Re where he was Vice President, Client Management for P/C and Life & Health Reinsurance business, …
A.M. Best Co. has affirmed the financial strength rating of ‘A’- (Excellent) and the issuer credit rating of “a-” of Singapore-based Asia Capital Reinsurance Group Pte. Ltd. (ACR) with stable outlooks. “The ratings reflect ACR’s strong capitalization, experienced management team, …
A state lawmaker is proposing legislation that would impose new regulations on for-profit private water parks, including the need for at least $1 million in liability insurance. The move comes after a Joplin boy drowned this summer at a local …
From storms that flooded the Midwest destroying homes and business in the summer to a court ruling that could have a significantly negative impact on the medical malpractice insurance market in the state of Illinois, 2007 was a year to …
Thirty-four people have died in fires in Baltimore this year, making 2007 the city’s deadliest year of fires since 1998. Baltimore City Fire Marshal Bob Doedderlein says the victims didn’t have working smoke detectors in 10 of the 24 fires. …
High heat, changing winds put reputations on the line. 1. Florida’s gamble “It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in January passed controversial legislation they hoped would lower Floridians’ skyrocketing property insurance …
New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most …
Berkshire Hathaway will have its municipal bond insurance company licensed in New York much quicker than normally, the New York State Insurance Dept. said Friday afternoon. Superintendent of Insurance Eric R. Dinallo said his department will complete licensing by Monday …
