Insurance News
R.I.-based Affiliated Insurance Managers Appoints Marketing Manager
Wed, 22 Feb 2012
Warwick, R.I.-based agency Affiliated Insurance Managers is expanding its commercial insurance division and appointed industry veteran Heidi Forte to the new position of commercial insurance marketing manager. With over 25 years of experience in the commercial insurance industry, Forte will …
Pennsylvania Christian College Sues Over Birth Control Regs
Wed, 22 Feb 2012
A Christian college in western Pennsylvania has sued the federal government saying regulations that require employers to offer birth control coverage that includes drugs that abort fertilized embryos are “directly at odds with the religious message it wishes to convey,” …
AIA’s Snyder Describes Korea Trade Pact as ‘Excellent Model’
Wed, 22 Feb 2012
The long-awaited implementation of the Free Trade Pact between the Republic of Korea, or South Korea, and the U.S. (KORUS) is scheduled to go into effect on March 15. The date will see the conclusion of negotiations that began in 2006, …
The Hartford Hires Chartis U.S. Underwriting Chief Tucker
Wed, 22 Feb 2012
Hartford Financial Services Group announced three senior management appointments, including Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He will start his post at The Hartford on February 27. He will report to Doug …
EU Seeks Legal Opinion on Global Copyright Pact
Wed, 22 Feb 2012
The European Union’s executive said on Wednesday it would refer a disputed global agreement to tackle online piracy to the bloc’s highest court to check whether it complies with EU fundamental rights. The Anti-Counterfeiting Trade Agreement, which also aims to …
Anti-Piracy Group SOS SaveOurSeafarers Welcomes UK Gov’t. Support
Wed, 22 Feb 2012
SOS SaveOurSeafarers has issued the following statement following a conference in London on Somali piracy, organized by the UK’s Foreign & Commonwealth Office, held at the London headquarters of the International Maritime Organization (IMO). Giles Heimann, Chairman of the Group …
Belgian Gov’t. Names Former FERMA President Dequae to Dexia Board
Wed, 22 Feb 2012
The Government of Belgium has appointed Marie Gemma Dequae, currently a scientific advisor to the Federation of European Risk Management Associations (FERMA) and a past president of the federation, as an independent director of Dexia Bank Belgium and its subsidiary …
Best Assigns ‘A-’ Ratings to Assurances Mutuelles de France
Wed, 22 Feb 2012
A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A-’ (Excellent) and issuer credit rating of “a-” to Assurances Mutuelles de France (AM), both with stable outlooks. AM is a mutual reinsurer member of Covéa, …
OneBeacon Completes Sale of AutoOne Business to New York’s Interboro
Wed, 22 Feb 2012
OneBeacon Insurance Group said today it completed the sale of its AutoOne business to Interboro Holdings Inc. of of New York. The transaction, which was announced on Aug. 31, 2011, included AutoOne Insurance Company and AutoOne Select Insurance Company, along …
2 Virginia Localities Declared Primary Disaster Areas
Wed, 22 Feb 2012
Isle of Wight County and the city of Suffolk in Virginia have been declared as primary disaster areas because of damage caused by excessive heat, storms and excessive rainfall in 2011. The Virginia Department of Agriculture and Consumer Services said …
Louisiana Rig Worker Settles with BP Over Explosion
Wed, 22 Feb 2012
A Louisiana woman who was a cook on the BP PLC-leased drilling rig that was rocked by a deadly explosion in 2010 has settled her personal-injury claims against the oil giant and other companies involved in the disaster. Oleander Benton’s …
N.Y.-based USI Insurance Services Acquires The Pinnacle Group
Wed, 22 Feb 2012
USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., acquired most of the assets of The Pinnacle Group. Based in Virginia Beach, Va., Pinnacle is a full-service employee benefits consulting firm specializing in middle-market business …