Across the United States, chances are roughly one in seven that a driver is uninsured. The estimated percentage of uninsured motorists stood at 13.8 percent in 2009, according to a new study from the Insurance Research Council (IRC). The group …
Christopher P. Taft, president and CEO of Preferred Mutual Ins. Co., New Berlin, N.Y., has been elected chairman of the American Association of Insurance Services (AAIS). Taft succeeds Jack M. Rader, executive vice president and COO of Farmers Alliance Companies, …
W. R. Berkley Corp. in Greenwich, Conn. has appointed Peter L. Kamford, senior vice president, to a newly created position. Kamford’s new responsibility will be to co-head the placement of the company’s ceded reinsurance programs along with senior vice president …
A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials Wednesday declared the hard-hit region reborn. It is still too early to know the long-term damage to the Gulf’s rich and complex …
On the one-year anniversary of the Gulf oil spill, BP Plc is facing challenges to its effort to contain another kind of disaster: mass litigation. The oil giant last June established a $20 billion compensation fund for victims such as …
BP Plc filed a lawsuit for more than $42 billion against Halliburton, which cemented the blown-out well which caused the Gulf of Mexico oil spill, after claiming a similar sum from rig owner Transocean. Analysts said BP had little chance …
The Property Casualty Insurers Association of America (PCI) has named Michael Bell senior counsel, financial policy in the policy development and research department. Bell, based in Washington, D.C., spent over 20 years in private legal practice, providing counsel on complex …
Pasadena, Calif.-based Bolton & Co. has named Jeffrey F. Lang as senior vice president property & casualty sales and marketing. He will lead producers to drive sales while maintaining focus on creating and deepening strong insurance carrier and client relationships. …
On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean , seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig. London-based BP also sued Cameron International …
The latest edition of the Aon Benfield Aggregate (ABA) report, which analyses the year end 2010 financial position of the world’s leading reinsurers and examines how 2011 catastrophe losses may affect their capital positions, estimates that “total Global Reinsurer Capital …
