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Zurich Backs Global Trade Finance Program Expansion

Zurich’s North American Credit and Political Risk group has joined eight other insurers to underwrite a trade credit policy that will allow the International Finance Corporation (IFC) to expand its emerging market trade transactions by more than $500 million. The …

Chubb Adds New Coverages to Private Company Program

The Chubb Group of Insurance Companies has added protection for cyber breaches and other crimes to its ForeFront Portfolio 3.0 program for private companies. The new cyber security insurance will allow U.S. companies to choose from nine management and professional …

Massachusetts Utility Regulators Probe October Storm Response

Massachusetts regulators are preparing to hold public hearings in Springfield and East Longmeadow as they investigate how utility companies responded to the October snowstorm that knocked out power to thousands for days. The Department of Public Utilities hearings are scheduled …

Rate of Virginia Workplace Injuries Up in 2010

The rate of workplace injuries increased in 2010 in Virginia, but still remains below the national rate. The Virginian-Pilot of Norfolk said a state Department of Labor and Industry report released last Thursday shows that there were 3.3 nonfatal injuries …

AIPSO Central Region Closing East Wacker Drive Office in Chicago

AIPSO, a management organization and service provider for various insurance industry groups responsible for administering the residual market, announced that the central region is closing its East Wacker Drive office in Chicago, Ill., effective immediately. The central region comprises the …

Third of Illinois Workers’ Comp Awards in 12 Facilities

Workers filing on-the-job injury claims at just a dozen state institutions clustered in southern Illinois collected nearly one-third of the total $127 million awarded in recent years for permanent impairment under Illinois’ troubled workers’ compensation system, the Associated Press has …

Iowa Man Won’t Get $10.6M Malpractice Award

An Iowa man who had been awarded $10.6 million in malpractice case won’t see any of that money. The Des Moines Register reports that court precedent set while the case was awaiting its second trial prevents Dennis Cawthorn from citing …

Louisiana Commissioner Urges Policyholders to Claim Citizens Rebate

Louisiana Insurance Commissioner Jim Donelon and Department of Revenue Deputy Assistant Secretary Gary Matherne are urging those who have had a property and casualty insurance policy on their property during the last four years to claim the rebate for the …

Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe

Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine, Casualty, Financial Lines and General Property business, effective January 1, …

Haigood to Head Texas Fire and Casualty Insurer Association

Lyndell Haigood, regional vice president of State Auto Insurance Co., has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Haigood was elected during AFACT’s annual meeting in Dallas Nov. 10. Haigood, whose term as …

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