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California Commissioner Hopeful: Assemblyman Dave Jones

On November 2, Californians will select a new insurance commissioner, charged with regulating the fourth-largest insurance market in the world at about $160 billion. Assemblyman and Democrat Dave Jones recently shared why he has the experience to tackle such topics …

Aon Reports UK Law Firms Seek Early Renewal for Prof. Indemnity

Aon has reported that UK law firms have recognized the need to start the renewal process for their professional indemnity (PI) insurance early. Aon said it has “received nearly four times the number of proposals at the beginning of August …

Travelers Reports Increase in Net Income, Drop in Operating Income for Q3

The Travelers Companies Inc. has reported net income of $1.005 billion, or $2.11 per diluted share, for the quarter ended Sept. 30, 2010, compared to $935 million, or $1.65 per diluted share, for the same quarter in 2009. Operating income …

Crump Expands Professional Lines Team

Crump expanded its team on both the east and west coasts with new additions. Crump promoted John Lanni to vice president, broker, and team lead and hired Juan Borda as assistant vice president, broker, to expand the firm’s east coast …

Willis Consolidates, US, UK Group Mining Practice

Willis Group Holdings announced that it has incorporated its US, UK and International hubs of mining expertise into one worldwide group practice, which will report to Steve Hearn, London-based Chairman of Global Markets International (GMI). The new group will bring …

Delaware Sees 30% Drop in Teen Crashes

A new study has found that crashes involving 16-year-olds in Delaware have dropped 30 percent since the graduated driver’s license law took effect in 1999. The University of Delaware study attributes the drop to more parental supervision and night-driving restrictions. …

Industry Worries As Regulators Decide on Critical Loss Ratio

A seven-month-long process for determining how much U.S. health insurers must spend on medical care comes to a head Thursday, amid fresh concerns that the rules will lead companies to desert some small-group and other niche markets. A key group …

Specialty Products Manufacturing: Multiple Opportunities for Injury

In 2007 there were over 10 million consumer-product related injuries treated in hospital emergency departments, according to the National Safety Council. While the statistics reveal injuries from seemingly innocuous objects — 532,061 injuries associated with beds, for example — the …

Chubb Announces Management Changes Following Degnan Retirement

In anticipation of the previously announced retirement of Chief Operating Officer John J. Degnan on Dec. 31, 2010, John D. Finnegan, chairman, president and chief executive officer of The Chubb Corp. announced several management appointments, effective Jan. 1, 2011: Paul …

Employers Names Betts VP of IT Infrastructure and Operations

Reno, Nev.-based Employers has named Craig D. Betts vice president of IT infrastructure and operations. With a career spanning over 20 years, Betts joins the company from Nevada Energy, where he provided critical IT management and leadership oversight in various …

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