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

New Zealand Quake Toll Rises as Hope Fades for Survivors

Rescuers extended their search on Friday to shattered houses close to the epicenter of Christchurch’s deadly earthquake, but rain and cold dimmed hopes of finding more survivors of New Zealand’s worst disaster in decades. The arrival of teams from Britain …

Goss Re Changes Name to Advocate Reinsurance Partners LLC

Goss Reinsurance Brokers LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, Texas, announced it has changed the company name to Advocate Reinsurance Partners LLC. The name change was brought about because the partners believe Advocate Reinsurance Partners LLC …

Massey Agrees to Medical Monitoring in West Virginia Slurry Case

Massey Energy will set up a medical monitoring fund for southern West Virginia residents who claim the company poisoned their wells with coal slurry. General Counsel Shane Harvey said a second mediation attempt failed to settle every issue in a …

MJ Insurance Forms Human Resource Consulting Division

Indianapolis, Ind.-based property/casualty and employee benefit agency MJ Insurance announced it has formed a Human Resource Consulting Division. Citing federal health care reform, understaffed and overwhelmed HR managers in a broad array of industry sectors, MJ Insurance CEO Mike Bill …

Duke University, Insurer End Dispute Over Lacrosse Settlement

American International Group has resolved its lawsuit with Duke University over expenses and legal fees in a case that has its origins in a 2006 incident when a woman alleged that three Duke lacrosse players had sexually assaulted her. The …

Chartis 4Q Loss Tied to Reserve Strengthening

American International Group Inc. reported net income of $11.2 billion for the quarter ended Dec. 31, 2010, and $7.8 billion for the full year 2010. Included in the 2010 fourth quarter results is a previously announced $4.2 billion net charge …

Verisk Appoints Stephenson As President, Promotes Others

Verisk Analytics has appoointed Scott G. Stephenson, chief operating officer, to the additional role of president. The company also announced the promotion of Mark V. Anquillare, chief financial officer, to executive vice president, and Kenneth E. Thompson, general counsel, to …

Architects, Engineers Liability Rates to Go Up: Report

Rates for architects and engineers professional liability insurance, which have been stable, are expected to go up this year, a new study reports. A number of leading insurance companies offering this coverage expect to raise premium rates in 2011 up …

R-T Specialty Names Booth Inside Broker

R-T Specialty LLC announced it has hired Michele Booth as an inside broker for the company’s La Jolla, Calif., office. Booth will work directly with Eileen Jolly on professional and executive liability placements. She brings more than 10 years of …

RISC Opens Energy, Construction Programs to Wholesale Brokers

RISC, Inc.’s exclusive nationwide programs for energy and construction are now open for access by other wholesale brokers. RISC offers these specialty programs through “A” rated carriers on an admitted and non-admitted. RISC, Inc is a Wholesale Broker and Program …