Yearly Archives: <span>2012</span>

Senate Favoring End to Direct Payouts to Farmers

A program that puts billions of dollars in the pockets of farmers whether or not they plant a crop may disappear with hardly a protest from farm groups and the politicians who look out for their interests. The Senate is …

Colorado Researchers Raise Atlantic Storm Forecast

Colorado State University researchers on Friday raised their forecast for the 2012 Atlantic hurricane season to 13 tropical storms, with five hurricanes and two major hurricanes. In April they forecast 10 tropical storms, with four strengthening into hurricanes and two …

W. R. Berkley Receives FSA, Lloyd’s Approval for Syndicate Management Change

W. R. Berkley Corporation announced that the U.K. Financial Services Authority (FSA) and Lloyd’s of London have approved W.R. Berkley Syndicate Management Limited’s assumption of the management of W.R. Berkley Syndicate 1967, effective June first. It replaces the “turnkey” syndicate …

Hagerty Classic Car Insurance Now Available to Canadian Brokers

Hagerty Insurance Agency, the specialist provider of collector vehicle insurance, announced that as of April 24, 2012 its subsidiary, Hagerty Canada, LLC, will make similar coverage available to all brokers in Canada. The policies will be underwritten by Aviva Canada …

Willis Global Launches New Platform for Sector Growth

Willis Global, the London headquartered reinsurance, specialties and wholesale arm of Willis Group Holdings, announced a series of what it described as “client-centric measures aimed at significantly growing the $40 billion in premiums Willis places annually through its three core …

Generali Directors Oust Group CEO Perissinotto; Zurich’s Greco to Take Post

The Board of Directors of Italy’s Assicurazioni Generali announced that they had decided “by a majority to revoke the powers conferred on Giovanni Perissinotto as Managing Director and Group CEO of the Company” at a specially called meeting on Saturday. …

Florida Agent Association Tops 2,000 Members

The Florida Association of Insurance Agents, which represents thousands of independent agents statewide, has topped more than 2,000 agencies for the first time in its history. FAIA’s growth comes despite Florida’s difficult insurance market and in a time when many …

Florida Cat Fund’s Financial Condition Triggers A.M. Best Review of Insurer Ratings

Insurers writing homeowners coverage in Florida could see a revision in their financial ratings after one of the nation’s top rating companies announced it will reconsider them in light of the financial problems faced by the state-back reinsurance facility. A.M. …

Crop Damage in Central California Tops $79M

San Joaquin Valley’s crop damage estimate from a hail storm in April has reached more than $79 million. The Fresno Bee reported that Kings County, among the hardest hit areas of the region, recently increased its damage estimate from $20 …

People – West

Irvine, Calif.-based SullivanCurtisMonroe named Shawn Kraatz as executive vice president in its Irvine office. His primary responsibilities at SCM will include commercial sales management and marketplace leadership. Kraatz joins SCM from Alliant, where he was first vice president. He has …