News

Humana Inc., has named Tim Love president of its Florida commercial operations. He is Humana's senior commercial executive for the company's Florida markets, which include South Florida, Central Florida and North Florida.

The continuing soft market is weakening the credit quality of property and casualty insurers, making their future "problematic," according to an analysis released by Moody's Rating Service.

New York-based reinsurance company Transatlantic Holdings Inc. said its second-quarter drop in net income was primarily the result of catastrophe losses, the bulk of which was related to the Deepwater Horizon oil rig incident.

British Petroleum announced that Tony Hayward, the company's chief executive officer, will step down effective Oct. 1.

In this month's contents conundrum, an adjuster finds himself in the challenging position of having to assess the value of a stolen item: a much-coveted animal tranquilizer gun.

New York-based insurance broker Marsh said it has named Elizabeth Francy Demaret to the new position of managing director and multinational client service director.