Aon, Euler Hermes Launch Insurance Credit Service for SME's
A bulletin from Aon's London office notes that "with insolvencies set to increase in 2009, some 20 percent more of SMEs have turned to credit insurance this year to protect their balance sheet ......

Fireman's Fund Insures Payment Card Security Breach for Retail Stores
Fireman's Fund Insurance Co. is introducing the first coverage for retailers that experience a breach of their payment card security system. According to the insurer, a single breach of a ......

Victoria Insurance Co. Changes Name to Cranbrook Insurance
Victoria Insurance Co., a wholly-owned subsidiary of Michigan-based USF Insurance Co., has changed its name to Cranbrook Insurance Co., effective Jan. 1. Cranbrook is incorporated in Texas with ......

U.S. House Panel Postpones Hearing into Use of Bailout Funds
A U.S. congressional panel postponed a Wednesday hearing on the Treasury Department's use of a $700 billion financial bailout fund and priorities of president-elect Obama's administration, the ......

AIG's Lexington to Manage AIG Public Entity Casualty Insurance Accounts
AIG Commercial Insurance will service all casualty insurance coverage for the public sector through its Lexington Insurance Co., the insurer announced. Specifically, effective as of Jan. 1, ......

Johnston Named CEO of AIG Environmental; Hanna Named COO
AIG has named Russell Johnston as president and CEO of AIG Environmental, a unit of AIG Commercial Insurance. Johnston assumes management responsibility for AIG Environmental from Joseph Boren, ......

Lloyd's, FSA Approve New MGA for 'Sportscover' Syndicate
The Financial Services Authority and Lloyd's have given approval for a new managing agency to assume the management of the Sportscover syndicate, 3334 SCS. The new managing agency, Sportscover ......

AIG's Boren, O'Brien to Head New Ironshore Environmental Insurance Unit
Bermuda-based Ironshore Inc. announced that Joe Boren and John O'Brien have joined as CEO and president, respectively, of its newly established Environmental Insurance facility. The company ......

Family of Utah Mine Collapse Victim Awarded Money
A coal company has been ordered to pay full benefits to the family of one of the six miners killed in the 2007 collapse of the Crandall Canyon mine. An administrative judge for the Utah Labor ......

$2.5M Settlement Reached in Vermont Fatal Accident
A settlement has been reached in a fatal crash in Westmore that killed two teenagers five years ago and pitted the parents of the driver and the teens against each other. The settlement amount ......

Colorado Proposes Rate Filing Changes
Colorado's Division of Insurance is proposing to amend regulation 5-1-10, Rate and Rule Filing Submission Requirements for Property and Casualty Insurance, "to ensure that property and casualty ......

After Stormy 2008, P/C Industry Facing Uncertainty in New Year
Ask agents and executives in the insurance industry about the new year and they'll say they expect that the market will harden, at least slightly. In fact, 73 percent of agents predict prices will ......

2008: Top Stories of the Year
2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world's largest and most successful insurance company, AIG. The soft ......

Union General Insurance Offers Market for Developmentally Disabled Residential Care Facilities
Concord, Calif.-based Union General is offering a market for residential care facilities for the developmentally disabled. "A"-rated carriers are offering coveragefor the facilities for ambulatory ......

Monarch Insurance Purchases Bishop Insurance from American Savings
Monarch Insurance Services Inc., a 26 year-old Hawaii-based company, has purchased Bishop Insurance Agency, a division of American Savings Bank. The exact purchase price was not ......