Insurance Journal

S&P Changes Willis Group Outlook to Positive; Affirms Ratings - Published on September 02, 2011
Standard & Poor’s Ratings Services has revised its outlook on Ireland-domiciled Willis Group Holdings PLC to positive from stable, and has affirmed its ‘BBB-’ long-term counterparty credit rating on Willis and related ratings on debt

Many Rhode Islanders Still Lack Power as State Assesses Irene’s Toll - Published on September 02, 2011
Pawtucket insurance agent Melanie Loiselle-Mongeon’s phone began ringing early Monday morning, the day after Tropical Storm Irene blew through the Ocean State. And it hasn’t stopped ringing. “The majority of the claims are trees down,

Neighbors Help Neighbors in Flood-scoured New York Town - Published on September 02, 2011
Friends, family, and total strangers are grabbing shovels, mops and buckets to help shopkeepers clear debris left by flooding and salvage whatever they can in mountain villages ravaged by Irene’s deluge in upstate New York. In the Catskill Mountain

IIABNY, CIBGNY File Appeal of Producer Compensation Disclosure Regulation - Published on September 02, 2011
The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York have filed a formal appeal of a trial court ruling that upheld a controversial state regulation. Attorneys from the law firm …

Willis Develops New Coverage for Nuclear Exclusion Risk - Published on September 02, 2011
Willis Group Holdings plc announced from its London office that it has developed a new insurance product “to cover business interruption costs for companies with key locations, suppliers or customers situated in the vicinity of a nuclear power stati

China Orders ConocoPhillips to Halt Output at Bohai Bay Oilfield - Published on September 02, 2011
China’s State Oceanic Administration (SOA) has ordered a subsidiary of ConocoPhillips to halt all operations at the Penglai 19-3 oilfield in northern China’s Bohai Bay, saying the company has failed to seal a leak that has lasted more than two

AXIS Re Appoints Krenboeck Marketing Director for Latin America - Published on September 02, 2011
Bermuda-based AXIS Capital Holdings Limited announced that Bruno Krenboeck has joined AXIS Re as Marketing Director for Latin America. He has over 17 years experience in the international insurance industry with specific expertise in marketing and underwr

Kelley to Lead National Association of Professional Surplus Lines Offices; Bouhan to Retire - Published on September 02, 2011
Brady R. Kelley has been named the executive director of the the National Association of Professional Surplus Lines Offices (NAPSLO) effective Sept. 12. Kelley will replace Richard M. Bouhan who will be retiring from the organization after 30 years of

Update: Irene State by State Estimates - Published on September 02, 2011
Catastrophe modeling company Eqecat, whose software is used by insurers to predict exposure to disasters, estimated the economic losses in the United States from Hurricane Irene at more than $10 billion. Irene was the 10th weather-related disaster resulti

Exercise Programs Lead to Better Work Productivity, Study Finds - Published on September 02, 2011
Taking time out of the work week for an employee exercise program may lead to increased productivity — despite the reduction in work hours, reports a new study. The new study, published in the August Journal of Occupational and Environmental …