Liberty Int’l., Liberty Syndicates Combine for Mideast Terror Risks
Liberty International Underwriters (LIU) and Liberty Syndicates have launched a joint initiative to provide war and terrorism insurance capacity for Middle Eastern risks. “LIU will distribute its product through Middle Eastern brokers and provide customer service from its regional office …
FERMA Elects New Board Members
The Federation of European Risk Management Associations (FERMA) has elected three new board members who will serve from now until June 2014. They are: Helle Friberg of the Danish association DARIM Igor Mikhaylov from the Russian association RUSRISK Arnout van …
LulzSec Hackers Say Disbanding After Last Data Dump
The Lulz Security group of rogue hackers announced it was disbanding Saturday with one last data dump, which included internal AOL Inc. and AT&T documents. LulzSec, which gained wide recognition for breaching the websites of Sony Corp, the CIA and …
United Valley Insurance Services Forms New Operating Division
United Valley Insurance Services, Inc. has formed a new operating division named United Valley Risk Management Solutions. United Valley RMS will provide risk management services for larger and more complex accounts. The managing director of the new unit will be …
Missouri Governor Extends Order Protecting Insurance Policyholders in Joplin
Missouri Gov. Jay Nixon has extended his executive order providing emergency protections for the insurance coverage of Joplin-area residents. Executive Order 11-20 ensures that residents and business owners in Jasper and Newton counties will keep their home and commercial property …
Calif. Returns Workers’ Comp to ‘Bad Ole Days’
When the Fifth District Court of Appeal (DCA) in California refused to review the Workers’ Compensation Appeals Board’s (WCAB) en banc decision in State Compensation Insurance Fund (SCIF) v. WCAB (Almaraz) on June 16, the Schwarzenegger administration’s efforts to return …
The Aftershocks of Vulnerable Supply Chains
The massive earthquake and tsunami that hit Japan in March has led to supply chain disruptions around the world, sending a wakeup call to companies that do not have viable business continuity plans in place for themselves and their suppliers. …
Delays, Financing Risks More Common for Today’s Construction Projects
While brokers on construction projects have historically focused primarily on owners and contractors, economic uncertainty has created a new focus area — financing entities. In addition to the usual construction risks, financing has emerged as a major concern, with more …
Arkansas Court Affirms Insurance Ruling in Bus Crash
The Arkansas Supreme Court has upheld a ruling by a lower-court judge that an insurance company is liable for twice the amount it had expected in connection with a fatal Craighead County bus crash. The court ruled on June 23 …