Some South Florida officials say it’s becoming too costly to use automatic cameras to ticket drivers who run red lights. They had hoped their cities would collect millions of dollars in fines, thanks to the images captured by a network …
Bermuda-based PartnerRe Ltd. Has announced leadership changes in its Catastrophe business unit, effective April 1, 2011. Brian Secrett, currently Chief Underwriting Officer and Deputy Head, Catastrophe, has been appointed Head of Catastrophe. He will be responsible for PartnerRe’s worldwide catastrophe …
Worsening weather and better forecasting methods could push the mining sector to change force majeure provisions in supply contracts and sharpen how blame is allotted when storms or floods disrupt regular business. Climate scientists predict global warming will trigger greater …
Arthur J. Gallagher & Co. announced that it has signed a definitive agreement to acquire the business and certain assets of London-based Woodbrook Underwriting Agencies, Ltd. The transaction is expected to close during the first quarter 2011. Terms of the …
North Dakota Insurance Commissioner Adam Hamm reported that the North Dakota Insurance Department helped recover or save more than $5.5 million for North Dakota citizens in 2010. This number represents money recovered on behalf of North Dakotans through the insurance …
Great American Insurance Group’s Environmental Division has added made another staff addition to its division as it continues to expand its San Francisco office. Pauline Saint-Pierre (formerly Lowe) joins Great American from Woodruff-Sawyer & Co., where she held the title …
The agricultural insurance market is facing rising demand along with pressures to adapt to changes in farming and to become more efficient in delivering products. Increasing world demand for food is driving up commodity prices for corn, soybeans, wheat and …
The Oklahoma Senate has approved a bill to limit pain and suffering awards to $250,000, despite concerns from members that the decision should be made by juries. The Senate voted 29-18 for the bill by Sen. Anthony Sykes, R-Moore. The …
A year after New Hampshire established permanent speed limits on its largest lake, lawmakers are considering repealing them. The Senate is considering a bill that replaces a daytime speed limit on Lake Winnipesaukee of 45 mph and the nighttime limit …
Citgo Petroleum Corp was fined $303,294 for a July 2009 explosion and fire at its 163,000 barrel per day (bpd) Corpus Christi, Texas, refinery that injured one worker and nearly spread toxic hydrogen fluoride over Corpus Christi. The Texas Commission …
