Latest News in Home Insurance – July 19, 2010
Liberty Mutual Creates New Distribution, Service Unit
Liberty Mutual Group reorganized its commercial property, casualty and specialty lines insurance units as well as claims and loss control services for the insurer's national accounts and mid-sized …
Texas Verification Program: Number of Uninsured Vehicles Declines
Since the launch of the TexasSure auto insurance verification program two years ago, the number of uninsured vehicles on Texas roads shows signs of decline, the Texas Department of Insurance …
Iowa: Certificate of Insurance Forms Must Be Approved Beginning Sept. 1
The Iowa Insurance Division (IID) recently issued a reminder insurance companies and insurance producers that effective Sept. 1, 2010, certificate of insurance forms must be approved before such …
James J. Almy has been promoted to underwriting manager of the Utica National Insurance Group's Errors & Omissions division.
Almy began his career with Utica National in 1994 as a Commercial …
Quake Monitor Installation Nears Completion in North Dakota
Installation is nearly complete on a network of earthquake-detecting instruments being placed across North Dakota as part of a national project, officials say.
Fred Anderson, a geologist with the …
Former North Dakota Work Comp Director’s Appeal Denied
North Dakota's Supreme Court has upheld the felony conviction of former state workers' compensation director Sandy Blunt, though the decision was not unanimous.
Blunt appealed his December 2008 …
Rescuers Find Baltimore Contractor Dead in Hole
Baltimore fire and rescue officials say a contractor performing work on an underground sewer line who fell into an eight- to 10-foot hole is dead.
Fire department spokesman Kevin Cartwright says …
AIG to Pay $725M to Settle Securities Fraud Lawsuit
American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action …
R-T Specialty Acquires Chartwell Independent Insurance Brokers
R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC based in Chicago, has acquired Los Angeles-based Chartwell Independent Insurance Brokers LLC.
Chartwell, founded in …
Minor Earthquake Shakes Up U.S. Capital
Earthquakes are so rare in the Washington area that even a geology student wasn't quite sure what was going on when a minor one hit early Friday. Was it a truck passing by? A low-flying …
HCC Names Hervy, Vezio to Manage Global International Operations
HCC Insurance Holdings has announced the appointment of Thibaud Hervy and Philippe Vezio as joint CEO's of HCC Global's international operations, replacing R. Matthew Fairfield.
The bulletin noted …
Aon Benfield Launches First Pan-Asian Typhoon Model
Impact Forecasting, Aon Benfield's catastrophe model development center, has launched the first fully functional Asian typhoon model to span the continent.
"The new model will help insurers …
Ex-Prudential (UK) CEO Tucker Named to Head AIA before IPO
Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the …
Canada Trade Minister Urges Action on Big Doha Issues
WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada's trade minister said Friday.
In an interview with Reuters, …
Moody’s Downgrades Ireland’s Sovereign Debt Ratings; Outlook Stable
Moody's downgraded Ireland's sovereign bond rating by one notch to Aa2 on Monday, citing weaker growth prospects and the high costs of rebuilding the country's crisis-hit banking system.
The …
