The good, bad and the ugly on owner compensation

Oct 8 2007 // Let’s put all the cards on the table right now. The amount of money one makes is directly proportional to the perceived importance or success of the person taking the money home. Sure, we all know better and there...

Lloyd’s CEO Wants Faster, Better Claims Handling; CII Responds

Oct 5 2007 // Lloyd’s CEO Richard Ward is a man in a hurry. He wants fundamental changes in the way Lloyd’s does business and he’s not prepared to wait. In a speech sponsored by the Insurance Institute of London...

Nonfarm Job Growth Continues in La. as Unemployment Declines

Sep 26 2007 // Seasonally adjusted nonfarm jobs in Louisiana added 56,300 workers between August 2006 and August 2007, bringing the total number of jobs in the state to 1,926,000, according to the Louisiana Department of...

Washington Casualty Adds New Managing Director

Sep 25 2007 // Medical professional liability insurer Washington Casualty Co. (WCC), today announced it has named Mike Rutz to the newly created position of managing director. WCC is a wholly owned subsidiary of Lansing, Mich.-based...

Countrywide announces more job cuts to come

Sep 24 2007 // Calabasa, Calif.-based Countrywide Financial Corp. has announced plans to address changing market conditions, in part due to the subprime mortgage meltdown. As part of the plan, the company said it would be reducing its...

Countrywide announces more job cuts to come

Sep 24 2007 // Calabasa, Calif.-based Countrywide Financial Corp. has announced plans to address changing market conditions, in part due to the subprime mortgage meltdown. As part of the plan, the company said it would be reducing its...

S.C. Rejects 23.7% Increase in Workers’ Compensation Rates

Sep 20 2007 // The South Carolina Department of Insurance disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent.NCCI State Relations Executive, Amy Quinn, said SCDOI...

Guaranteed Cost Workers Compensation Program for Security Guard & Investigation Agencies

Sep 20 2007 // Now Available from The Mechanic GroupSeptember 20, 2007 – Guaranteed Cost Workers Compensation Program for Security Guard and Investigative Agencies is now available from The Mechanic Group. The Mechanic Group will...

Kentucky’s Workers’ Compensation Rates Drop

Sep 19 2007 // A filing most Kentucky insurance carriers will use to develop rates for workers’ compensation coverage shows another decrease in loss costs for 2007, according to Gov. Ernie Fletcher.The state Office of Insurance...

Countrywide Announces More Job Cuts to Come

Sep 14 2007 // Calabasa, Calif.-based Countrywide Financial Corp. has announced plans to address changing market conditions, largely due to the subprime mortgage meltdown. As part of the plan, the company said it would be reducing its...

Aon Construction Adds New Managing Director, National Property Solutions

Sep 10 2007 // Aon Construction Services Group, the construction risk management arm of Aon Corporation recently appointed Vincent Zegers as managing director, National Property Solutions. In his new position Zegers will be responsible...

First American Home Cuts 1,300 Jobs

Sep 6 2007 // Shares of First American Corp. dipped Wednesday after the seller of home title insurance said it would eliminate 1,300 full-time jobs and cut some executive perks to trim costs during the ongoing housing slump.Shares fell...

Guy Carp Names Lumbis Managing Director, Corporate Finance-Europe

Sep 4 2007 // Guy Carpenter & Company has appointed Paul Lumbis as Managing Director of Corporate Finance, Europe. He will be responsible for leading the firm’s European corporate finance business, with a particular emphasis...