XL Insurance appoints Bermudan president
Posted on February 1st, 2010
XL Insurance has announced the appointment of Patrick Tannock as president of XL Insurance (Bermuda) Ltd, and as country manager.
Tannock’s appointment is effective from 22 February, and he will be directly responsible to XL Insurance International Property & Casualty Regional Operating Officer Donal Kelly.
He brings to the post more than two decades of experience of Bermuda, and the international insurance and reinsurance sectors.
Tannock spent a decade with Marsh & McLennan, and 16 years with ACE Bermuda.
Most recently he worked for ACE Bermuda’s subsidiary, Corporate Officers & Directors Assurance Ltd, as executive VP, director and chief underwriting officer.
In his new role Tannock will be responsible for the firm’s daily Bermudan insurance operations, and will be tasked with collaborating with underwriting managers to provide strategic direction.
XL Insurance Chief Executive Dave Duclos has expressed his delight at Tannock’s appointment, praising his diverse experience and strong leadership skills.
Tags: President, Xl Insurance
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Washington Workplace Violence-Related Deaths Climbed in 2009
Posted on February 1st, 2010
The slayings last year of six law enforcement officers, as well as several workplace suicides, caused deaths due to workplace violence to spike upward in Washington State, the Department of Labor & Industries (L&I) announced.
There were 13 on-the-job homicides and seven workplace suicides last year, nearly a third of the 62 total fatalities resulting from work-related injuries in 2009.
How to make your policy cheaper?
Posted on February 1st, 2010
Are you satisfied with the quality of coverage you get for the money you pay? Of course, most of us think that cheap means low-quality and tend to overpay just believing that this will give them better insurance or services. In fact, it is not so. Paying too much money for insurance often leads only to over-spending money and doesn’t increase the quality of coverage you get. So if money is vital to you and you want to lower your insurance costs, here are some simple tips how to do it:
Lower theft risk: The majority of new cars carry anti-theft features. And the more such features your car has the lower will be your insurance premiums. T
Post-accident to-do list
Posted on January 31st, 2010
The weather conditions should not affect anything. Of course, it is clear to everybody that in winter accidents are more frequent, but you also have to remember that avoiding an accident is much more valuable than knowing how to recover from it. But in case you did end up in an accident please know what to do. Let us try to explain everything you will require to understand while finding yourself a victim on the road. Here are a few very strong advices that will definitely help you to get through a difficult time of your life.
We would want you to read these points carefully and if you have an opportunity to print the information given below please do and make sure you keep it not to far away.
First of all it is important to take a deep breath and not to panic.
Cell Phone Use Is Not Significantly Responsible For Collisions, Study Says
Posted on January 30th, 2010
A nonprofit organization funded by the auto insurance has conducted a study that says that the introduction of laws which ban cell phone use while driving may not significantly lessen the risk of accidents on the road.
Highway Loss Data Institute, the organization responsible for the study which was published in late January, says that the problem may actually lie with ‘distracted drivers’ themselves.
Monthly collision claims take from four US states which bans cell phone use while driving were the focus for the research. Com
Tags: Cell Phone, Cell Phone Use, Phone Use, Says
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Chubb announces Q4 and 2009 results
Posted on January 29th, 2010
The Chubb Corporation has reported that it made net profits of $695m in the fourth quarter of 2009, equating to $2.03 per share.
This marks an increase of over 50% compared to Q4 2008, when the firm made $407m net profits, or $1.13 per share.
It was also a significant improvement on the Q3 2009 figures, when Chubb saw net profits hit $596m, equating to $1.69 per share.
Operating income was $569m, the same level as recorded in Q4 2008, although operating income per share rose by 5%.
For 2009 as a whole Chubb made $2.2bn net profits, or $6.18 per share, an improvement on the $1.8bn made in 2008, ($4.92 per share).
Chairman, President and Chief Executive Officer John D.
Tags: 2009, Q4 2009
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Average car insurance costs rise above £1,000
Posted on January 29th, 2010
Wintery weather has seen about 30% more claims than normal, the AA said. Photograph: Frank Baron
Drivers look set for a nasty shock when they renew their car insurance this year, after premiums recorded their biggest ever increase during the last three months of last year.
According to the latest AA British Insurance Premium Index published today, the average insurance quote for those shopping around for a renewal rose by a wallet-busting 11% between September and December.
Overall, the average quoted comprehensive premium rose by 7.2%, sending it through the £1,000 a year barrier for the first time.
The quarterly index shows that the average “shoparound” premium – based on the three lowest quotes for a customer, which most closely resembles what buyers actually pay – accelerated steadily over the year, adding more than 22% to the typical comprehensive quote over the past 12 months. It e
Tags: Car Insurance, Insurance
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