Yearly Archives: <span>2010</span>

Swiss Re Obtains $150 Million Cat Bond Cover for Calif. Quakes

Swiss Re has entered into a transaction with Redwood Capital XI Ltd., a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million in the event of a California earthquake in the covered …

Heritage General Agency Renamed Worldwide Facilities Inc.

Los Angeles-based Heritage General Agency, a managing general agent and operating division of Worldwide Facilities Inc., has changed its trade name to Worldwide Facilities Inc. There will be no change in staff, offices or contact information other than the Worldwide …

Paula Cobbett Joins Sullivan Brokers

Los Angeles, CA, January 5, 2010 – Sullivan Brokers Wholesale Insurance Solutions, Inc. is pleased to announce that on Monday, January 4, 2010, Paula Cobbett, CPCU, ARM joined the firm in the Northern California office in the position of Senior …

Chemical Firm Cited in Deadly South Carolina Ammonia Leak

A chemical company committed seven serious violations and was fined more than $23,000 after a ruptured hose caused an ammonia leak that killed a passing motorist in July, South Carolina workplace safety officials announced. Southampton, Pa.-based Tanner Industries didn’t have …

Traffic Deaths Decline in South Carolina

South Carolina authorities say 2009 has been the safest year on the state’s roads in 14 years. Preliminary reports say 881 people died on the state’s roads last year, compared to 921 deaths in 2008. The State of Columbia reports …

Obama Labor Chief Taking Aggressive Approach to Workplace Safety

Soon after she became the nation’s labor secretary, Hilda Solis warned corporate America there was “a new sheriff in town.” Less than a year into her tenure, that figurative badge of authority is unmistakable. Her aggressive moves to boost enforcement …

Come Along for the Ride

Talking to so many great insurance professionals from around the country on how to get more young people involved in our industry Insurance Journal and I decided to get together and start a blog concentrating on issues, questions, concerns that …

Foremost Insurance Expands Fire Program in New Mexico, Wyoming

Foremost Insurance Group of Caledonia, Mich., is expanding its Dwelling Fire program in New Mexico and Wyoming, to accept more landlord and rental property customers, and offer lower rates and new, larger discounts. Typically known as the solution for hard-to-place …

USHT Offering Texas Homeowners Deductible Buy-Back Coverage

USHT Inc., a managing general agent and surplus lines agency based in Dallas, is now offering a homeowners deductible buy-back policy in Texas. The Texas Homeowners Deductible Buy-Back Policy is a separate policy that is written on a following-form basis …

Oregon Man Files Lawsuit Over Defective Baby Hammock

A Gresham, Ore., man has filed a lawsuit against baby product maker Amby Baby Motion following the death of his five-month-old boy in August. The death was the second linked by the U.S. Consumer Product Safety Commission (CPSC) to a …