The House Appropriations Committee killed House Bill 1351 April 2, which would have given consumers the option of remaining under Colorado’s no-fault auto insurance system or returning to the tort system. “The committee’s rejection of the auto choice bill is …
“Submissions are coming in by the truckload. Renewals obviously are something that we’re very concerned about, said Derek Borisoff at this year’s Joint ‘I’ Day in Universal City, Calif. “One of the biggest problems is that we may not have …
The CPCU Society, the association for more than 28,000 CPCU-credentialed insurance industry professionals, announced the expansion of its 58th Annual Meeting and Seminars programming by more than doubling the technical education, career development, and career management seminars to 45. The …
The White House will again makes its case to get Congress to tackle problems created by a shortage of terrorism insurance since the 9/11 attacks, according to The Washington Post. President Bush is slated to meet with business leaders April …
A bill that would transfer money from Nebraska’s Compensation Court Cash Fund to the general operating budget is part of a trend of bad public policy that will ultimately hurt policyholders, according to the Alliance of American Insurers. If signed …
Bermuda’s PXRE Group Ltd. announced the successful completion of a $150 million equity investment by Capital Z Financial Services Fund II, L.P., Reservoir Capital Partners, LP, and Richard Rainwater. The new capital, issued in the form of convertible preferred stock …
Standard & Poor’s affirmed its single-‘A’ counterparty credit and insurer financial strength ratings on Trygg-Hansa Forsakrings AB, Publikt, but announced that it had revised its outlook on the Sweden-based non-life insurer to negative from stable, “following a deterioration in the …
ACE Chairman and CEO Brian Duperreault announced that, effective immediately, Vice Chairman Evan Greenberg has been appointed to head the international operations of the ACE Group of Companies. Greenberg, the younger son of AIG’s CEO Maurice “Hank” Greenberg, joined ACE …
Six of the world’s largest insurance companies announced that they intend to establish a joint venture in Luxembourg, named Special Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), to provide “limited coverage” for physical loss or damage to insured properties with …
The Professional Insurance Agents of New York announced that Albert J. Beer, president of strategic business units for American Re Corp., will keynote the Association’s Long Island “Regional Awareness Program” (RAP) luncheon to be held at Leonard’s of Great Neck …
