Monthly Archives: <span>January 2011</span>

Association of California Insurance Companies Names Sektnan President

The Association of California Insurance Companies (ACIC) and Property Casualty Insurers Association of America (PCIAA) announced that Mark Sektnan has been promoted to ACIC president. Following a distinguished career in the property/casualty industry Sam Sorich has announced his retirement. Sektnan …

Corps Study Shows Higher Flows on Des Moines River

The Des Moines River in Iowa is rising higher and more often, which means floods like those that swamped the city in 1993 and 2008 are more likely to occur again than experts had previously estimated, according to a study …

Wisconsin Legislature Passes Lawsuit Reform Bill

The Wisconsin Legislature has passed a bill that would make it more difficult to sue companies and collect damages. The Assembly passed the bill on a partisan 57-36 on Jan. 20, two days after it cleared the Senate also with …

Some in Illinois GOP Want to Link Work Comp Reform, State Borrowing

Illinois lawmakers left two big pieces of unfinished business when they went home after voting to raise income taxes. One piece would make Illinois a less expensive place to do business, and the other would get billions of dollars into …

Great American Names Liguzinski to Lead Specialty Human Services Division

Great American Insurance Group, headquartered in Cincinnati, Ohio, announced that Michael G. “Mike” Liguzinski will succeed John W. Sullivan as divisional president, Specialty Human Services Division, upon Sullivan’s retirement in April 2011. Liguzinski joined Great American’s Specialty Human Services Division …

35 Dead, over 150 Injured by Suicide Bomber Attack on Moscow Airport

A suicide bomber killed at least 35 people at Russia’s busiest airport on Monday, state TV said, in an attack on the capital that bore the hallmarks of militants fighting for an Islamist state in the North Caucasus region. President …

Guernsey Statement: ‘No Plans’ to Seek Equivalence under Solvency II

The Commerce and Employment Department of the States of Guernsey (the Guernsey Government) and the financial regulator, the Guernsey Financial Services Commission (GFSC) have released a joint statement, which affirms that “there are no plans for the Island to seek …

Alarming Array of Risks Faces World Leaders in Davos

World leaders and top executives have plenty of crises to discuss this year. Ballooning European government debt, rising inflation, fears of trade and currency wars, spiraling food prices and lingering problems in the world financial system provide a sobering array …

Zurich Study Focuses on Insurance, Technology for Emerging Consumers

“The technology landscape in developing countries is changing rapidly – sometimes outpacing industrialized markets,” according to a new study from Zurich Financial Services. “These changes are driving innovations and providing access to new markets in ways that were unimaginable just …

XL Insurance Appoints Wullimann General Manager – Nordic Region

XL Insurance, the global insurance operations of the XL Group, announced the appointment of Peter Wullimann as General Manager, Nordic Region. He has nearly 20 years of experience in the commercial insurance market, and joins XL from Chartis, where his …