The Massachusetts state pension fund cannot and should not start a bond insurer, executive director Michael Travaglini said Monday. Travaglini, who oversees the $52 billion Pension Reserves Investment Management Board, said pension funds should not be in the business of …
Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the Chartered Property Casualty Underwriters Society Golden Gate All …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability with Assault and Battery Nuts & Bolts: United States Liability Insurance is writing …
Chartwell Independent Insurance Brokers Chartwell Independent Insurance Brokers LLC, a wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, added an Excess and Surplus (E&S) Casualty Division to its Scottsdale, Ariz., office. The Chartwell E&S Casualty Division will consist …
A growing body of evidence suggests California requiring adult drivers to use hands-free devices with their cell phones will do little to reduce crashes. Research shows being a distracted driver is not necessarily about having both hands on the wheel, …
California-based law firm Irell & Manella reports it has won a partial summary judgment on behalf of national gaming operator Pinnacle Entertainment Inc., in an insurance coverage case arising out of Hurricane Katrina. The case is pending before Judge Brian …
The need for agricultural insurance is growing like a weed. “This is the greatest time we’ve had in our business,” said Christopher Leliaert, vice president at Towers-Perrin Reinsurance, in his assessment of the state of the agricultural insurance market. Speaking …
Whether the nation is in a true recession may still be up for debate, but it’s difficult to ignore the signs of economic slowdown throughout the West — and its effect on the insurance industry. New home construction is grinding …
“Most insurance companies use the ‘yellow pad/gift of gab’ approach,” said John Keenan. “The agent sits down, flips open a yellow legal pad, and says, ‘Tell me about your business.’ That’s like a doctor telling a patient, ‘What side is …
Markel Insurance Co. today announced that it has acquired Specialized Insurance Inc., of Blair, Neb. Specialized Insurance provides admitted garage program coverage primarily in the western United States, with concentration in California, Oregon, Arizona, Washington, Nevada, and Colorado. The program …
