The National Association of Independent Insurers has issued a statement that a regulation proposed by the State of Missouri’s Insurance Department requiring insurers to enter into contracts with all third party vendors “possibly exceeds the department’s authority and could jeopardize …
Republican California Insurance Commissioner candidate Gary Mendoza addressed several dozen members of the San Diego Chapter of CPCU Sept. 18, telling them that they are an effective voice, and that while they may disagree with some decisions he makes if …
The California Department of Insurance (CDI) is now administering its qualifying license examinations in a computer-based format. Previously, individuals seeking licensure endured a written examination and waited much longer to learn of their exam results. The Sacramento examination site was …
Robert Bailey characterizes himself as an “unemployed senior citizen” with some notions about leadership and effective management. The retired CEO of State Auto Insurance Cos., Columbus, Ohio, passed along some homespun and deceptively simple basics of leadership during NAMIC’s General …
AXA Has No Plans to Raise Additional Capital France’s Axa Group issued a statement that its financial structure was very strong, and that it has no plans to raise additional capital. “In spite of the drop in equity prices, the …
Willis Group Holdings, Limited announced the appointment of former U.S. Senator and basketball great Bill Bradley to its Board of Directors. Bradley, 59, is currently a Managing Director of Allen & Company and Chief outside advisor to McKinsey & Company’s …
Bermuda’s ACE Limited announced today that an accumulation of losses resulting principally from the recent floods in Eastern Europe will impact operating income in the third quarter of 2002, by “approximately $90 million after tax, or $0.33 per share.” The …
The International Commission on Holocaust Era Insurance Claims (ICHEC) announced that it has reached an agreement for payments totaling around $275 million to be made to Holocaust survivors and their families in compensation for unpaid life and property insurance claims …
A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength rating of the U.K.’s Hiscox Insurance Company Limited (Hisco) with a stable outlook. The London-based insurer, a wholly owned subsidiary of Lloyd’s insurer Hiscox plc, provides coverage …
Risk Management Solutions (RMS), has launched its U.S. Terrorism Risk model, a model designed to assist property, workers’ compensation, and life insurers and reinsurers in quantifying the risk from catastrophic terrorist attacks. The model was developed with input from and …
