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Sal Pollaro Jr. has been hired by Markel Corp. to develop a new directors and officers product line for the company. Most recently an executive vice president of the management solutions group with Zurich in New York, Pollaro is now in a newly created position at Markel as its managing director for the D&O line, said company spokeswoman Jen Blackwell.

Dec. 22–State Farm Fire & Casualty Co. recently paid a couple $179,100.31 for Katrina damage, but their attorney said the check came too late to save Henry and June Kuehn’s Cove Place home. Attorney Earl Denham said the two-story house further deteriorated as the Kuehns awaited settlement of their insurance claim.

Marsh & McLennan Agency, a subsidiary of insurance broker Marsh, has acquired The NIA Group, and its New York City office Kornreich-NIA. Marsh & McLennan said that the transaction is part of a series of strategic acquisitions as the agency builds a national business to serve the needs of mid-sized companies across the US.

American International Group Inc. is asking a federal judge to throw out what the company calls a “lottery ticket” lawsuit filed by Brookfield Asset Management Inc., which alleges “certain bankruptcy events of default have been triggered under the parties’ standard-form swap agreement” about 20 years ago, according to court papers.

This, despite fewer accidents. Ascend, the aerospace consultants, are warning that aviation insurers’ premium income will fall far short of covering the estimated US$2.4 billion losses incurred this year. Paul Hayes, Ascend’s safety director, says, “This is the most expensive year on record for aviation insurance payouts, after the 2002 insurance implications of the 9/11 tragedies in 2001.

Dwindling Pay, Stunted Credit, Declining Asset Prices, Chronically High Unemployment Will Mark the “New Abnormal” Those who talk about the economy of the 2010s as the “new normal,” with little change other than GDP growing at a slightly slower pace, may be “dangerously unprepared for what lies ahead,” warns economist David Levy in the just-published December Levy Forecast.

<div class=”xn-content”><p><span class=”xn-location”>AUSTIN, Texas</span>, <span class=”xn-chron”>Dec. 22</span> /PRNewswire/ –<b></b>Combined Agents of America, LLC (CAA) is proud to announce Central Insurance Companies, Texas Mutual Insurance Company, Travelers Insurance, and The <span class=”xn-location”>Hartford</span> have been named the 2009 “Top Four Company Partners” at its quarterly board meeting <span class=”xn-chron”>December 9-10</span><span class=”xn-location”>Bastrop, Texas</span>.

Dec 22, 2009 (Datamonitor via COMTEX) — US-based United Insurance Holdings has appointed Joseph Peiso as its new CFO, effective…