The current state of the financial services industries and the role of the federal government in regulating these industries, including the insurance sector, continues to be a matter of debate in Congress. To help assess the current status of insurance …
Wells Fargo Insurance Services of Minnesota Inc. named Gina Samland managing director for its Nebraska, Iowa, and Kansas City, Kan. operations. She is based in the Omaha, Neb., office. In her new role, Samland is responsible for operations, carrier relationships, …
North Carolina Governor Bev Perdue has signed into law legislation to shore-up the state’s backup coastal insurer and reduce the liability of private insurers should a major catastrophe strike the state. House Bill 1305 also sets limits on the coverage …
Zurich in North America named Marcus Cooper as senior vice president for national sales and strategic relationships, effective immediately. Cooper replaces Mike Vaught, who is retiring. Cooper will continue serving as South Central regional executive until a replacement is hired. …
A worker is dead after a construction accident on New York City’s Throgs Neck Bridge. Police say 48-year-old William Barnes was struck by the boom of a small crane mounted on the back of a truck. The cable snapped, pinning …
Kentucky workers’ compensation costs are continuing to drop, with latest figures showing an average reduction of 6.4 percent. Insurance Commissioner Sharon P. Clark has approved the industry’s loss cost reduction for the 598 industrial classes used in Kentucky effective Oct. …
New York-based AmTrust Financial Services, Inc. has agreed to acquire CyberComp, the workers’ compensation business unit of Swiss Re, in a renewal rights transaction. Serving the workers’ compensation needs of small to medium-sized employers in 26 states, CyberComp distributes through …
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the Adriatic. “People criticize me for being …
AIG to Hank: All is forgiven, we need your help! That is the message from Robert Benmosche, the new CEO of American International Group Inc., to Maurice “Hank” Greenberg — the man who built the company into what was the …
The U.S. National Hurricane Center said Tropical Storm Danny was located about 575 miles south-southeast of Cape Hatteras, North Carolina, as of 8 a.m. EDT (Noon GMT) Thursday and packing winds near 60 miles per hour. Danny was headed northwest …
