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Daily NewsFlash : August 22, 2011


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Monday, August 22, 2011

Transatlantic to Hold Special Shareholder Meeting to Vote on Proposed Allied World Merger

Transatlantic Holdings Inc. said Friday it will hold a special meeting of stockholders Sept. 20 to vote on a proposed merger with Allied World Assurance Co.

The announcement comes as Berksh... Read More

More Homeowners Purchasing Flood Insurance, Particularly in NY

Driven by changing flood maps, cautious banks and a series of high-profile storms that have homeowners worried, the number of New Yorkers buying flood insurance has shot up in the past decade.

...
Read More

Survey: Majority of Large Employers Revamping Health Benefit Programs for 2012

With the cost of employee health care benefits expected to increase next year at more than twice the rate of inflation, large U.S. employers are planning to have workers share more of the cost next... Read More

Former Marsh Exec Sues Eliot Spitzer for $60 Million Over Comment on Slate.com

Former New York Governor Eliot Spitzer was hit with a $60 million libel lawsuit by a former Marsh & McLennan Cos executive over a column posted on Slate.com concerning an insurance bid-rigging ... Read More

IIABNY Offers Its Members Preferred Access to WAHVE Staffing Services

The Independent Insurance Agents and Brokers of New York (IIABNY) is now offering its 1,750 agent-broker members preferred access to staffing services through an agreement with Work At Home Vintage... Read More

Hurricane Irene Kicks Off Season

Irene strengthened into the first hurricane of 2011 early Monday, dumping heavy rain on Puerto Rico as it moved towards the Dominican Republic and Haiti, with Florida a distant potential target. Read More

Aon Hewitt Highlights Unintended Consequence of Auto-Enrollment Regulations

Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation, has drawn attention to an unintended consequence of the existing auto-enrolment legislation and is call... Read More

Legal Experts Claim Indiana's $5 Million Liability Cap Too Low for Deadly Stage Collapse

The Indianapolis Business Journal reported that Indiana law limits individual damage claims against the state to $700,000 and overall claims to $5 million per event. Personal injury attorneys say t... Read More

Greenlight Capital Re Appoints Bart Hedges as CEO Successor

Greenlight Capital Re, Ltd., a specialist property and casualty reinsurance company headquartered in the Cayman Islands, today announced that Bart Hedges has been appointed Chief Executive Officer.... Read More

UPIC Receives Approval of Homeowners' Rates and Forms in Georgia

Universal Insurance Holdings, Inc. announced that the Georgia department of insurance approved the homeowners' rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insu... Read More



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