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11, 2015
If AIG Is Selling, Greenberg Is Listening, Says Lawyer
Maurice “Hank” Greenberg, who spent four decades at American International Group Inc., would consider investing in the insurer he helped build into the world’s largest before the financial crisis, his lawyer David Boies said. “If they’re selling, I think Hank …
20
11, 2015
California Worker Injury Rate Lowest in 13 Years
The California Department of Industrial Relations has posted the state’s 2014 occupational injury and illness data, which offers a look at employer-reported injuries involving days away from work. The data shows that the incidence of occupational injuries remained at its lowest …
20
11, 2015
Markel Names Gayner and Whitt as Co-CEOs; Crowley as President
Markel Corp. reported that, Thomas S. Gayner, 53, president and chief investment officer, and Richard R. Whitt, III, 51, president and co-chief operating officer, will serve as co-chief executive officers of the company starting in the new year. In addition, …
20
11, 2015
Florida’s Citizens Expanding Clearinghouse to Condo Unit Policies
Starting in December, Citizens will expand its Property Insurance Clearinghouse to condominium unit owners, many of whom will now have immediate access to multiple private alternatives, the company said in its November newsletter. Beginning December 14, new applications for condominium …
20
11, 2015
ACE Names Keogh as Executive Vice Chairman & Chief Operating Officer
ACE Ltd. announced that John Keogh, vice chairman and chief operating officer, has been appointed executive vice chairman of the company. Keogh will continue to serve as chief operating officer with responsibility for all property & casualty insurance operations of …
20
11, 2015
Brazil Mining Disaster to Bring Stricter Insurance Rules
Brazil’s worst mining accident will lead to stricter insurance standards under a revised version of an industry bill first introduced to Congress two years ago. The cost of damage to communities, loss of life and environmental consequences from the Nov. 5 dam failure …
20
11, 2015
Validus Announces Senior Executive Appointments at Talbot Underwriting
Validus Holdings announced a series of senior management appointments at Talbot Underwriting Ltd., its wholly owned subsidiary. Rupert Atkin will retire as chief executive officer of Talbot on Feb. 29, 2016. Peter Bilsby, currently managing director of Talbot, will succeed …
19
11, 2015
Insurance Industry Not Alone in Missing the Mark with Millennials
Could it be that the property/casualty insurance industry has company in not feeling the love of millennials? Yes, it could. The Hartford has released new research that shows key industries driving the U.S. economy, including retail, construction and manufacturing, are …
19
11, 2015
Heffernan Executive Named California Trucking Association Chair
Tanner Fornesi, assistant vice president at Heffernan Insurance Brokers, has been named vice chairman for the Sacramento chapter of the California Trucking Association. Fornesi’s new duties will include attending monthly steering and planning committee meetings to make budgeting decisions for …
19
11, 2015
California School Security Officer Arrested for Workers’ Comp Fraud
Valentino H. Douglas, 45, of Rialto, Calif., was arrested and booked into the West Valley Detention Center on multiple counts of felony insurance fraud after receiving more than $112,000 in workers’ compensation benefits for an alleged work injury that actually …