The National Young Agents Committee (YAC) of the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) presented the second annual Young Agents State Liaison of the Year award to Steve Duff, Independent Insurance Agents of Indiana, …
ACE Global Markets (AGM) announced key appointments as part of a restructuring of its Marine team in London, as follows: Mike Reynolds has been promoted to Class Underwriter for the Marine Hull and Marine Liability Account. Mike was formerly Deputy …
Farmers Insurance Group is offering virtual crop insurance for 60 million monthly players in the virtual world of FarmVille. The Farmers in-game integration will use the likeness of its Farmers Insurance Airship, a 246-foot long Zeppelin. When players place the …
Accused swindler Allen Stanford may not use $100 million in a Lloyd’s of London directors and officers insurance policy to pay the lawyers defending him on charges of running a $7 billion fraud, a U.S. judge in Texas ruled Wednesday. …
Insurer Clements Europe has acquired the International Vehicle Risk Management (IVRM) business from broker Lockton. The IVRM business consists of overseas diplomats and International fleet business, complementing Clements Europe’s core business. Clements International sells insurance for expatriates and international organisations. …
Fairholme Capital Management LLC increased its stake in American International Group Inc. to 26.6 percent, deepening the fund’s role in the insurer as it prepares to emerge from U.S. government support. Fairholme Manager Bruce Berkowitz already held a 24 percent …
The co-founder and former CEO of Beazley Group, Andrew Beazley, has passed away at the age of 57. Beazley was co-founder of the company and its CEO for 22 years of its 24-year history. The company founded by Andrew Beazley …
State Insurance Department officials say they have begun a criminal investigation into the businesses of a Fayetteville man who killed himself in August. The Fayetteville Observer reported that a spokeswoman says the state Insurance Department has begun the investigation of …
A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. An agreement was reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall …
Agents, there’s just one more day to participate in Insurance Journal’s Agency E&O Survey. The deadline to take the survey is Friday, Oct. 15. Don’t miss your chance to find out what’s been going on with insurance agents’ errors and …
