Motorhome Hire NewsDaredevil CEOs May Put Companies at Risk
The death of Micron Technology Inc. Chief Executive Steve Appleton in the crash of an experimental plane is raising fresh questions about what a company should disclose to investors when a senior executive has a high-risk hobby. There are plenty … AIG Reviewing Succession as Chairman Takes New Job
Bailed-out insurer American International Group will review its succession plans after its chairman accepted a job as the chief executive of an airplane maker, the company said on Tuesday. AIG CEO Bob Benmosche has been in treatment for cancer since … California’s Independent Contractor Law May Pose Liability to Agents and Brokers
A new California labor law designed to punish employers for misclassifying workers has broad legal language that can possibly impact insurance agents and brokers who knowingly advise clients on employee classifications to the tune of thousands of dollars per misclassified … Best Upgrades Fremont Ratings; Affirms Auto Club Group, P/C Members
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-’ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Michigan-based Fremont Insurance Company, and has also affirmed the FSR of ‘A’ (Excellent) and … Ratings Roundup: La Colonial, InterGlobal
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Dominican Republic’s La Colonial, S.A. Compania de Seguros, both with stable outlooks. The ratings reflect La Colonial’s “profitable net results … Xchanging Unveils Modernization Technology Initiative for London Market
Global business processor Xchanging has unveiled its vision for the Lloyd’s and London market in a presentation to 120 senior market executives. Xchanging highlighted the “business imperative for London to become easier to deal with in order to remain competitive … Willis UK N2 Broker Network Adds 10 New Members
Willis Group Holdings announced that ten new members have joined its network, Willis N2 – an alliance with local, independent insurance brokers in the UK. The ten new members, which take the total Willis N² membership to 34, were listed … Baucher Joins Argo’s Paris Team to Manage Casualty & Financial Lines
Argo Group International Holdings announced that Valerie Baucher has joined Argo Assurances, the Argo Group’s Paris-based underwriting platform for large specialty risks. She will lead a financial lines and casualty account with French brokers. “Valerie’s expertise in setting up and … OSHA Investigates Virginia School After Lead Found
Federal safety regulators are investigating a Roanoke school following the detection of lead in some paint chips. Roanoke City Public Schools deputy superintendent Curt Baker tells media outlets that the amount of lead detected at Highland Park Elementary School doesn’t … Insential Unveils Home Value and Involuntary Unemployment Protection
Insential Inc. has created a program designed for owners of newly built homes and condos. The program, called HOME VALUE PLUS+, will reimburse homeowners up to 20 percent of the diminished sales price of their home if it sells for … Vt. Fire Chief: Chimney Fires on the Rise Because of Warmer Weather
A Vermont fire chief says there’s been an increase in chimney fires because of the warmer weather. Townshend Fire Chief Doug Winot says two fires over the weekend were apparently caused by clogged chimneys. He tells the Brattleboro Reformer that … Selective Posts $16M Q4 Profit; Jan. Commercial Renewal Rates Up 4.5%
Selective Insurance Group, based in Branchville, New Jersey, reported $16.1 million for its 2011 fourth-quarter net income, down 32 percent from one year ago when the insurer posted $23.8 million profit. For the 2011 full year, Selective posted net income … | 
