Fitch Ratings has revised its outlook to stable from negative, reflecting expectations that insurers’ profit and capital adequacy will be resilient amid the Italian recession. The outlook also reflects reduced credit risk on certain Italian insurers’ balance sheets, following the …
XL Group announced that it is addressing “businesses’ growing interest in Trade Receivables Insurance (TRI),” with the addition of “underwriting resources with the appointments of Jennifer Papadimitriou in London; Paul C. Haigley III and Aaron Rutstein in Baltimore and Agatha …
When coal-cleaning chemicals seeped into West Virginia’s biggest water supply in January, the city of Cincinnati had a decision to make 200 miles downstream. As the city feared, a sheet of contaminants cruised down the Elk River, into the Kanawha …
Aurora Barrera, 33, of Downey was arrested on charges related to her allegedly submitting a fraudulent workers’ compensation claim for treatment of post-traumatic stress disorder associated with a robbery, she assisted in staging – at a bank where she worked …
Maryland Insurance Commissioner Therese M. Goldsmith announced the appointment of Michele T. Oshman as the state’s associate deputy insurance commissioner and Victoria August as associate commissioner for compliance and enforcement at the Maryland Insurance Administration (MIA). As associate deputy commissioner, …
Coverys, a Boston-based medical professional liability insurer, announced it has finalized an agreement to acquire ELM Exchange Inc. in Rockville, Maryland. ELM provides customized online educational programs that are designed to help healthcare providers minimize clinical risk and maximize patient …
Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster. Even though some experts are outraged by the extent of U.S. Internet …
Trinity Underwriting ManagersInc. (TUMI), a Georgia-based program administrator, announced the hiring of Don Oxidine as senior underwriter responsible for managing the company’s fleet intermodal trucking portfolio. He has 25 years of experience within the industry and has served on the …
First American Property and Casualty Insurance Group has named James J. Court president of the company. Court is based in the company’s office in Santa Ana, Calif. Dirk McNamee assumes the role of vice chairman. Court has served as senior …
Rachel Dai of Milton, Ga., and Keenan Huskey of Greenville, S.C., won the girls and boys divisions, respectively, at the recent 46nd Annual Trusted Choice Big “I” National Championship in Bridgeport, W.V. The tournament featured 160 players from 40 states …
