Yearly Archives: <span>2014</span>

Carter Named President of Berkley Program Specialists, Succeeding Diem

W. R. Berkley Corp. has named Wayne H. Carter, III as president of Berkley Program Specialists. Carter succeeds John Diem, who is retiring. Based in Naperville, Illinois, Berkley Program Specialists is a program management company offering both admitted and non-admitted …

Everest Re Posts $293.9 Million Q1 Net Income

The Bermuda-based Everest Re Group, Ltd. reported net income of $293.9 million, or $6.21 per diluted common share, for the first quarter of 2014, compared to net income of $384.3 million, or $7.50 per diluted common share, for the first …

Customers Switching Auto Insurers Unhappy with New Prices: J.D. Power

Customers who switch auto insurance carriers due to poor service often end up sorry they did because they end up paying more with their new insurer, according to the latest J.D. Power 2014 U.S. Insurance Shopping Study. While a poor …

Aspen Reports $120.4 Million Q1 2014 Net Income

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $120.4 million, or $1.66 diluted net income per share, for the quarter ended March 31, 2014. Operating highlights for the quarter ended March 31, 2014 were listed as follows: …

Allied World Posts $177 Million Q1 Net Income; Underwriting, Investment Gains

Allied World Assurance Company Holdings, AG reported net income of $177.0 million, or $5.23 per diluted share, for the first quarter of 2014 compared to net income of $159.0 million, or $4.49 per diluted share, for the first quarter of …

Florida Ban on Gun Ownership in Insurance Underwriting Goes to Governor

A Florida bill that would forbid insurance companies from refusing to serve or charging higher rates to applicants based on their ownership of a firearm has been sent to Gov. Rick Scott to sign. The measure passed the House 74-44 …

Port Authority Wrestles with World Trade Center Financing

The Port Authority of New York and New Jersey’s failure to agree to a loan guarantee for World Trade Center site developer Larry Silverstein shows agency leaders are wrestling over its direction as they seek to fix the dysfunction exposed …

University of Kentucky Turns to Cameras, ID Cards to Fight Crime

Campus police at the University of Kentucky say new surveillance cameras are helping them fight crime. UK Police Chief Joe Monroe told WKYT-TV that the school has 400 cameras installed so far and another 1,600 are planned. He says security …

Why Not Renewing TRIA Could Cost Government More Than Renewing It

Ending the federal terrorism risk insurance program could end up costing the federal government more than if the program, TRIA, is allowed to continue, according to a RAND Corp. study. The analysis finds that in a terrorist attack with losses …

Hackers Target Global Tanker, Container Shipping Fleet

The next hacker playground: the open seas – and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age, as more devices are hooked up online, so they become …