Mitigation efforts to reduce property damage, death, injuries and economic loss from the next Hurricane Andrew have been effective where applied, but their use has been spotty and in some cases their benefit diminished by unwise land use policies, according …
Houston-based Connective Technologies, Inc., an eCommerce solution provider to the insurance industry, has entered into a contract with Mutual Benefit Insurance Group to provide TEAM-UP upload for the Personal Auto and Homeowners lines of business. TEAM-UP is a robust, web …
John Garamendi, Democratic candidate for California Insurance Commissioner, succeeded this week in forcing Green Party candidate David Sheidlower to delete a portion of his ballot statement in the state voters’ pamphlet. The portion of Sheidlower’s candidate statement in question states, …
The California Department of Industrial Relations (DIR) and its Office of Self Insurance Plans (SIP) is reportedly opposing the bankrupt Henry Mayo Hospital’s reported attempt to force injured workers to resolve unpaid workers’ compensation claims in U.S. bankruptcy court rather …
In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings, Inc. At year-end 2001, eight carriers commanded 83.3 percent of …
Washington State Insurance Commissioner Mike Kreidler has begun the process of adopting a regulation to implement the new law restricting insurers’ use of credit-based insurance scores. He hopes to adopt a final rule by Aug. 21. National Association of Independent …
Standard & Poor’s says it is too early to assess the impact of the current floods on the Czech insurance market, but that the lessons of the last great floods five years ago might not have been learnt. Reports suggest …
Swiss Re has established a U.S. Advisory Board to provide advisory and consultative services to Swiss Re America Holding Corporation and its US subsidiaries. The establishment of this Advisory Board reflects Swiss Re’s long- standing commitment to and continuing expansion …
Standard & Poor’s Ratings Services said that its ratings and outlook on Belgium- based insurer ACE Insurance S.A.—N.V. will not be affected at this time by the company’s reported negative net income of $90.4 million for the year ended Dec. …
A.M. Best Co. has assigned an “a-” rating to Bermuda-based XL Capital Ltd.’s pending issue of 8,000,000 of 8.0 percent Series A preference ordinary shares, which may be increased by 1,200,000 if the over allotment feature is exercised. Additionally, the …
