Yearly Archives: <span>2012</span>

Costner Downplays Baldwin’s Role in BP Deal

Kevin Costner has testified he never saw actor Stephen Baldwin contribute anything to their company’s efforts to sell oil cleanup devices to BP in the aftermath of the 2010 spill in the Gulf of Mexico. Baldwin and friend Spyridon Contogouris …

UK Insurers Face Floods Losses; May Raise Premiums

British insurers face big claims for flooding after the heavy rainfalls across the country this month, making it harder for them to hit profit targets and potentially forcing them to raise premium rates for consumers, analysts said on Tuesday. Hundreds …

Ranck Joins XL Group’s Excess Casualty Unit in Kansas City

The insurance operations of XL Group plc has expanded its excess casualty underwriting team in Kansas City, Mo. John J. (J.J.) Ranck joins XL Group as senior excess casualty underwriter, arriving from Travelers where he was responsible for managing the …

Insurance Associations: West Wildfire Season Could Be Among Worst

As the fire season begins in the West insurance professionals who’ve been around for a while are calling this potentially one of the worst in recent memory. The season is shaping up to be “one of the most dangerous and …

XL Group Adds Reece, Wyatt to Excess Casualty Team in Dallas

The insurance operations of XL Group plc has expanded its excess casualty underwriting team in Dallas. Barbara (Barby) Reece joins XL Group as excess casualty manager and Shannon Wyatt joins as senior underwriter. Reece brings more than 20 years of …

CNA Appoints Strakhov Vice President of Ohio Branch

Insurer CNA Financial Corp. has appointed Michael Strakhov as vice president of its Ohio branch, located in Columbus. Strakhov is responsible for synchronizing branch operations with CNA’s strategic goals for long-term success, including increasing local authority at the point of …

2011 Crash Leads to Costlier Insurance for South Indiana Boat Race

The group that organizes an Ohio River boat race and festival in southern Indiana has seen its insurance costs more than double after three rescue divers were hurt in a crash during last summer’s race. The Madison Regatta’s insurance bill …

Idaho Getting $790K In Drug Price Settlement

The Attorney General’s office says the state of Idaho will collect $790,000 as part of a legal settlement with Forest Laboratories Inc. over allegations the company overcharged for its drugs. The state has recovered more than $21 million in “average …

Motorcycle Deaths Declining In Idaho

A study by the Governors Highway Safety Association shows that the number of motorcycle deaths dropped in Idaho last year, but remained consistent nationwide. Idaho Transportation Department analyst Steve Rich told The Times-News that there were 17 motorcycle deaths in …

KF&B Names Whiteside Vice President of Operations

Glendale, Calif.-based insurance wholesaler KF&B Inc. named Eric Whiteside vice president of operations. He will be working out of the Glendale office, and will be responsible for the day to day, and will be working with the management group to …