Colorado Insurance Commissioner William Kirven III announced his resignation from the Division of Insurance effective August 9. “The governor asked for his resignation, and he will pursue other career options,” spokesperson and Public Affairs director Deborah Collette told Insurance Journal. …
Standard & Poor’s Ratings Services affirmed its “AAA” long-term counterparty credit and insurer financial strength ratings on state-owned French reinsurance company Caisse Centrale de Reassurance (CCR). The outlook is stable. The ratings reflect CCR’s status as a core element of …
GE Frankona Re announced it has formed a new London-based Aviation Unit, in a move aimed at enhancing service to the aviation market. The new unit will focus on providing re/insurance (hull and liability) to smaller airlines, minor aviation- product …
The Joint Hull Committee in London (JHC) announced it has produced a consultative draft of its revised Institute Hull Clauses. The draft has been sent to various associations of underwriters, ship owners, brokers and claims practitioners, who have been invited …
President Bush’s proposal for major legislative reforms to address the medical malpractice liability crisis was praised by the Alliance of American Insurers. “The Administration is clearly interested in making health care more affordable, more available and safer for patients,” Kenneth …
Myron Du Bain, a former chairman and CEO of San Francisco-based Fireman’s Fund insurance company, passed away July 18 at age 79, according to the San Francisco Chronicle. Du Bain died of cancer at the California-Pacific Medical Center in San …
Insurers are expected to pay $1.97 billion to homeowners and businesses for insured-property losses from 10 catastrophe events in the second quarter of this year, according to preliminary estimates by the Insurance Services Office Inc.’s (ISO) Property Claim Services (PCS) …
Florida-based Brown & Brown Inc. announced its board of directors has approved a re regular quarterly cash dividend of $.0475 per share. The dividend is payable on Aug. 21 to shareholders of record on Aug. 7, 2002.
The Alabama insurance commissioner will hold hearings at the state department of insurance, 201 Monroe Street, suite 1700, Montgomery, Alabama, on Aug. 14. Issues to be discussed include: • Revision of Regulation No. 106 [Chapter 482-1-106], which sets forth the …
The Texas Workers’ Compensation Commission’s Worker’s Health and Safety division will host a one-day seminar on general industrial safety from 8 a.m. to 5 p.m. Aug. 7 at the Victorian Condo Hotel & Conference Center, 6300 Seawall Blvd., Galveston, Texas. …
