Latest News in Home Insurance – July 26, 2010
Wilson Joins Business Risk Partners National Sales Director
Connecticut-based managing general agent Business Risk Partners as director of national sales.
Wilson served as the agency director of broker relations from 2002 to 2006, overseeing marketing for …
Alabama Beach Furniture Stores, Designers Among BP Oil Victims
In 2006, Worldwide Interiors, a Canal Road furniture importer, had a banner year with sales of $520,000, including $90,000 that June.
Last year, amid south Baldwin County's deflated real estate …
Huntsville Becomes 6th Alabama City to Ban Texting While Driving
Huntsville has become the sixth Alabama city to ban sending text messages while driving.
Beginning Sept. 20, it will be illegal to send text messages or check e-mail while driving in the …
Claims Fund Chief Says BP Stalling on Payments to Oil Disaster Victims
British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said Saturday.
"I have a …
Mine Safety Officials Rebut Massey On Ventilation Claims
Mine safety officials are painting a portrait of ineptitude and confusion by officials at Massey Energy Co. in the months before an explosion at the company's West Virginia mine killed 29 men.
The …
NFL Study Says Helmets Pass Safety Test
The results of an independent study commissioned by the NFL and the players' union show modern helmets meet all national safety standards, though it stressed that no helmet can prevent concussions …
New York Reopens Probe of AIG’s Cassano
New York State Attorney General Andrew Cuomo reopened his investigation into former American International Group Inc. executive Joseph Cassano after U.S. authorities ended their own probes, …
Report Forecasts Rough Sailing for Canadian Insurers’ Results
Investors hoping for improved results from Canada's insurers may want to brace for disappointment, with weak stock markets and lower bond yields seen taking take a bite out of quarterly …
Lloyd's Chairman Lord Levene, speaking at a recent Lloyd's seminar in Rio de Janeiro, gave high marks to the successful establishment the Lloyd's market has made in Brazil, describing it as …
UK Insurers Hit with over 2,300 Fraudulent Claims Every Week
The UK's insurers are detecting more fraudulent insurance claims than ever according to figures released by the Association of British Insurers. The ABI said that insurers had received over 2,000 …
JLT Expands International Network with 3 New Agreements
UK-based broker Jardine Lloyd Thompson announced a major expansion of its JLT International Network in Continental Europe and the CIS countries. "Three of Europe's leading independent insurance …
19 Killed in Mass Panic at Germany’s Love Parade
Crowds of people streaming into a techno music festival surged through an already jammed entry tunnel on Saturday, setting off a panic that killed 19 people and injured 80 [later reports indicate …
Munich Re to Further Align Specialty Primary Insurance Platform
Munich Re plans to further align its U.S.-based specialty primary insurance operations to create a more robust specialty insurance platform under the leadership of Doug Elliot, president and chief …
BP Claims Could Exceed $20 Billion, Says Fund Chief Feinberg
The $20 billion fund set up to help compensate victims of BP Plc's devastating Gulf of Mexico spill does not prevent future lawsuits against the company that exceed that amount, the fund's …
Louisiana Citizens Enacts Binding Restrictions in Advance of TS Bonnie
The Louisiana Citizens Property Insurance Corp. has announced that as a result of Tropical Storm Bonnie, personal lines binding restrictions are in effect for following parishes: Acadia, …
