Insurer
QBE sued for bad faith claims handling
QBE is being sued for over $500m in Miami for bad faith claims handling practices
QBE grows casualty team
Jon Hesketh joins insurer from AIG
Allianz launches protection products
Private motor and household products launched
Marsh the broker for Pennsylvania nuclear radiation leak, sources
Marsh are the broker for the Three Mile Island nuclear plant where a radiation leak is currently being investigated according to sources.
Torus adds to US and UK casualty teams
Torus appoints Charles Stauber VP and head of casualty claims. Alison Timson also appointed assistant vice president for US casualty.
Argo appoints new PA class underwriter
Lindsay Taylor joins from CNA Financial
Floods pose environmental threat
Questgates warns of wider environmental cost
QBE broker boss to retire
Director of broker relationships Peter O’Neill to step down
L&G joins One Answer Network
Insurer to provide buildings and home contents cover
Capita insurance services boss to join Xchanging
Former Hiscox ops boss Pell looked after the outsourcing giant's Lloyd's business.
New aggregator research published
80% of home insurance bought through aggregators
BT selects Aon to run captive
Isle of Man operation to manage insurance business
ABI expects Cumbria flood bill not to top £100m
Insurers have received 1000 claims so far.
Direct Line help with floods
Direct Line has sent property insurance advisers to help customers through the claims process at flood sites.
S&P, Moody’s and Fitch in Ohio lawsuit
Ohio’s attorney general has filed a suit against Standard & Poors, Moody’s and Fitch, claiming that the agencies provided misleading credit ratings that cost state funds hundreds of millions of dollars.
NAIC lends support to federal insurance regulator
The National Association of Insurance Commissioners supports changes to proposed legislation to create a Federal Insurance Office in the US.
What the papers say
Post editor Jonathan Swift joins Louise Meeson, news editor of Insurance Age and Martin Friel, editor of Insurance Age, to discuss this month's trade press.
Tower names new CFO
William Hitselberger will join the Tower Group on December 8th 2009 as senior vice president before becoming chief financial officer in March 2010.
Low interest rates could topple insurers, Baloise
Continued low interest rates could cause some insurers to collapse according to the chief executive of Baloise.
Energy rates to soften in 2010
More competition and capacity spells good news for energy firms
Tokio Marine joins forces with Edelweiss Capital
Tokio Marine to invest $117.6m in life insurance joint venture with Indian Edelweiss Capital
CNA appoints ex-RSA energy expert
Grahame Jones appointed senior underwriter
Flooding hits Cumbria
200 people rescued