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Daily NewsFlash : May 30, 2012


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Wednesday, May 30, 2012

A.M. Best: P&C Net Income Plummets

The U.S. property/casualty industry suffered twice the losses in 2011 as the year prior, due to weather-related and catastr... Read More

Pilots at United Airlines File Discrimination Suit

airlineTwo dozen black pilots alleged in a lawsuit on Tuesday that United Continental Holdings, the parent of United Airlines, passed them over for management promotions because of race.

The world's biggest carrier denied the allegations and said it would fight them in court.

The veteran aviators a... Read More

Insurance Magnate "Mickey" Segal Released from Jail After '04 Fraud Conviction

One-time political player and insurance magnate Michael "Mickey" Segal was freed Tuesday from prison a few months early after a federal judge resentenced him for his 2004 conviction for fraud, rack... Read More

CA Commissioner Approves 8.25% Workers Comp Advisory Pure Premium Rate Hike

California Insurance Commissioner Dave Jones approved a 8.25% workers compensation advisory pure premium rate hike amounting for new policies and those renewing on or after July 1, 2012.

T... Read More

Joe Torre, Mark Teixeira to Speak At IICF NY/Northeast Benefit

IICFThe Insurance Industry Charitable Foundation (IICF) New York/Northeast division announced that Joe Torre of Major League Baseball and Mark Teixeira of the New York Yankees will serve as special presenters at the organization's 2012 benefit dinner on Wednesday December 12, 2012 at the Waldorf-Astoria Hotel in New York City. Read More

World's Biggest Trade Credit Insurer Will Stop Covering Exports to Greece

Euler Hermes, the world’s biggest trade credit insurer, has stopped covering exporters shipping to Greece because of the mounting risk of not getting paid in the event the debt-laden nation i... Read More

Willis Ireland Acquires Attain Consulting

Willis Risk Services (Ireland) Limited (‘Willis Ireland’), part of Willis Group Holdings, the global insurance broker, today confirmed its commitment to growing and further developing i... Read More



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