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IFG Companies Names Doyle Managing Director in California

IFG Cos. named Dennis P. Doyle as managing director in its property department. Doyle will be based in the Los Angeles, Calif. area and will participate in the opening of IFG’s new office in that region. He will help lead … Continue reading

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Boating, Rafting Operators at Tahoe Put out by Drought

After first putting a damper on skiing and snowboarding in the winter, the drought now is taking a toll on boating and rafting around Lake Tahoe. Larry Boerner, owner of the paddlewheeler Tahoe Gal, said he can offer sightseeing cruises … Continue reading

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Cost Of Fighting Washington Wildfires So Far: $50 Million

The cost of fighting this season’s wildfires in Washington, including the largest one in the state’s history, has crossed the $50 million mark. Bolstered by the nearly 400-square-mile wildfire in north-central Washington, this year’s wildfire season has been widespread, with … Continue reading

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Tornado Causes Extensive Damage in Coastal City of Revere, Mass.

A storm system that wreaked havoc across the eastern U.S. spawned a tornado just north of Boston on Monday, causing extensive damage in the coastal city of Revere, where roofs were ripped off buildings and dozens of large trees were … Continue reading

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XL Group Posts $279.3 Million Q2 Net Loss; $279.6 Operating Income

The XL Group announced that its operating net income for the second quarter of 2014 was $279.6 million, or $1.02 per share, which produced “a net loss attributable to ordinary shareholders of $279.3 million including the loss on sale of … Continue reading

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Montpelier Reports $37 Million Q2 Net Income; $36 Million Operating

Bermuda-based Montpelier Re Holdings Ltd. reported operating income for the second quarter of $36 million, or $0.76 per common share. Net income was $37 million, or $0.78 per common share, which “included $12 million of realized and unrealized investment gains … Continue reading

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Obesity Linked to Increased Fatigue in the Workplace

U.S. workplaces may need to consider innovative methods to prevent fatigue from developing in employees who are obese. Based on results from a study published in the Journal of Occupational and Environmental Hygiene (JOEH), workers who are obese may have … Continue reading

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Massachusetts Auto Insurance Rates Climbing Again

Auto insurance rates that fell sharply after deregulation in Massachusetts are climbing again. The Boston Globe reports that five years after Massachusetts began to allow insurers to set their own rates, the average premium was about the same as it … Continue reading

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A.I.M. Mutual in Massachusetts Names IT Director

The Associated Industries of Massachusetts Mutual Insurance Companies (A.I.M. Mutual), a workers’ compensation insurer based in Burlington, Mass., promoted Abi Troy to director of information technology. In this capacity, she is responsible for all systems design, programming and development, including … Continue reading

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Berkshire Specialty Enters Fiduciary Liability Segment, Hires Prussack as VP

Berkshire Hathaway Specialty Insurance (BHSI) has entered the fiduciary liability market and named Rhonda Prussack as vice president, Fiduciary Liability, to lead the effort. According to Dan Fortin, senior vice president, Executive and Professional Lines, BHSI, Prussack will work with … Continue reading

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