Yearly Archives: <span>2011</span>

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 …

Measuring the Full Impact of Teen Driver Crashes

The impact of teen driver crashes extends far beyond teen drivers’ families and friends, according to a new report. In 2008, more than half a million (681,000) people were involved in crashes where a teen driver was behind the wheel. …

Eastern Shore Consulting Launches Claims Beat Podcast Series with ClaimsJournal.com

Hosted by Eastern Shore’s Bill Garvey, first podcast features Randall Day of FINEOS Chicago, IL – January 25, 2011 – Eastern Shore Consulting, a consulting firm specializing in insurance software selection services, today announced it has joined forces with Insurance …

South Carolina Court Says Insurer Off the Hook for Shoddy Construction

The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy. In a recent ruling, the high court found that a builder’s insurance company, the Pennsylvania-based …

Supreme Court: Worker’s Protection from Retaliation Extends to Fiancee

The Supreme Court ruled Monday that a federal law barring retaliation against a worker for complaints about on-the-job discrimination also protected the employee’s relative from unlawful dismissal. The high court unanimously ruled for Eric Thompson, who was fired from his …

S&P Could Downgrade Bond Insurers

Standard & Poor’s could downgrade bond insurers by a full category or more if new ratings standards for the sector are implemented and the companies do not raise more capital, the agency said Monday. Bond insurers’ shares fell sharply, as …