The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has submitted a filing with the California Department of Insurance (CDI) proposing changes to the approved pure premium rates that became effective Jan. 1, 2002. WCIRB’s filing recommends that pure premium …
NCCI Holdings, Inc. has announced its agenda for the 2002 Annual Issues Symposium (AIS), May 9-10 in Orlando, Fla. NCCI’s Annual Issues Symposium brings together experts in the workers’ compensation field for two days of detailed industry and economic analysis. …
Aon announced that its reinsurance services unit has assembled substantial capacity for clients that are exposed to potentially significant tornado/hail losses. The capacity is available on either an indemnity or index basis. Despite the fact that reinsurers paid significant losses …
The Independent Insurance Agents of America (IIAA) is endorsing a just-introduced House bill that would increase availability and affordability of homeowners insurance in disaster-prone areas, according to the group’s Senior Vice President of Federal Government Affairs Maria L. Berthoud. Rep. …
Accounting firm Andersen has announced that its insurance carrier, Bermuda-based Professional Services Insurance Co., has not given its approval to a trust payment of $217 million for a Baptist fund-raising group over allegations of accounting malpractice, according to a Reuters …
Sierra Software Technology Corporation, an Indianapolis, IN-based premium audit and loss control software provider, announced it was changing its name to InsuraTrek Corporation. In conjunction with its new moniker, the company launched a new Web site, www.insuratrek.com. The new site …
The Minnesota legislature has voted overwhelmingly to override Governor Jesse Ventura’s veto of legislation that bans glass dealers from offering rebates and give-away incentives. The bill (HB 2570) repeals the current Department of Commerce price survey mechanism in favor of …
A research study by the Allianz Center for Technology (ACT) has shown that in the first few minutes after a fire breaks out car occupants can be rescued, generally without danger for the rescuers, as long as the fire does …
Bermuda-based Trenwick Group Ltd. announced that it has delivered notice of exercise of its put option under a “Catastrophe Equity Securities Issuance Option Agreement” entered into with European Reinsurance Company of Zurich, a subsidiary of Swiss Re, “as a result …
Although UK insurers have so far weathered the losses from the Sept. 11 attacks, some may still face the threat of financial failure and ultimately liquidation, according to an article in London’s Financial Times. The FT interviewed two accountants from …
