Category: World Insurance
Insurance Industry Charitable Foundation’s Boston Chapter Launches Grants Program
The Insurance Industry Charitable Foundation (IICF) Boston chapter launched its grants program by hosting its first-ever grant fundraising consequence April 11 in Boston. The newly come Boston chapter is part of the IICF Northeast difference, which makes its grants in the point of concentration areas of education, children at hazard, disaster preparedness, and the environment. [...]
2012 Indianapolis Flooding Becomes Costly for City
The city of Indianapolis faces possibly paying hundreds of thousands of dollars in favor of a restaurant badly damaged by flooding for the period of a downpour a year ago. City officials set up that inspectors failed to properly activate every electronic locking system on a couple of White River floodgates which a trespasser had [...]
Livermore Lab Jury Awards $2.7 Million For Wrongful Termination
A jury has awarded in addition than $2.7 million to five quondam Lawrence Livermore National Laboratory workers in an ongoing wrongful-termination case. The San Francisco Chronicle reported jurors awarded the workers repayment for their lost wages after finding that the lab had violated a contractual ground to terminate them only for “rational cause.” Individual damages [...]
California Exchange Granted Secrecy
The California means overseeing national health care reforms was granted sweeping authority to conceal spending on contractors that pleasure perform most of its functions. The order of secrecy the Legislature gave Covered California appears unmatched among states attempting to establish their have health insurance exchanges under President Barack Obama’s health law. Lawmakers gave the state [...]
New Homeowners Insurance Program Available to Coastal Residents in Alabama
Frontline Homeowners Insurance, a coastal-focused insurer, is now offering wind and deluge coverage to Alabama residents with coastal properties in Mobile and Baldwin Counties. Frontline Homeowners Insurance offers a contractors aid program as part of its coverage, that manages the entire restoration of a property, from claim to effecting. Frontline Homeowners Insurance program for individual [...]
Earthquake Kills 207 People Injures 11,500 in China’s Sichuan Province
China’s put down earthquake in three years on Saturday killed at least 207 people and injured 11,500, 960 of them seriously, according to the latest figures to be availed of from China’s Ministry of Civil Affairs. The importance 6.6 quake hit a remote mountainous area of southwestern China’s Sichuan calling at 8:02 a.m. (0002 GMT), [...]
McCann to Succeed Plumeri as Willis Chairman; Director Candidates Listed
Willis Group Holdings announced that, at its uniform meeting this week, the Board of Directors determined that the following individuals be disposed be nominated for election as directors at the 2013 Annual General Meeting of Shareholders: Dominic J. Casserley, Anna C. Catalano, Sir Roy Gardner, Sir Jeremy Hanley, Robyn S. Kravit, Wendy E. Lane, James [...]
Bliss & Glennon Launches Nutraceutical, Nutrition, Lifestyle Program
Redondo Beach, CA-based Bliss & Glennon, Inc.’s Complex Casualty difference of has launched a new specialty program because the nutraceutical/health/nutrition/natural products assiduity. The product is supported by a general AM Best “A+” rated insurance assemblage with claims servicing expertise in the efforts. Clients will be accepted from all 50 states. Examples of targeted accounts are [...]
AXIS Capital Posts $303 Million Q1 Net Income; $227 Million Operating
Bermuda-based AXIS Capital Holdings Limited reported clear income available to common shareholders with respect to the first quarter of 2013 of $303 million, or $2.55 per diluted vulgar share, compared with $122 million, or $0.96 for diluted common share, for the primeval quarter of 2012. Operating income, that excludes capital gains/losses and engage, for the [...]
S&P: Bermuda Outlook Revision ‘No Impact’ on Bermuda Reinsurer Ratings
Standard & Poor’s Ratings Services in a relation titled “The Recent Outlook Revision On Bermuda Does Not Affect Bermudian (Re)Insurers“, said that “despite the recent outlook review on the sovereign credit rating forward Bermuda to negative from stable, our counterparty credit and fiscal strength ratings on Bermuda-based (re)assurance companies remain unchanged.” S&P explained that it [...]
