The Coalition to Insure Against Terrorism (CIAT) announced its support with Tuesday’s signing by President George W. Bush of the Terrorism Risk Protection Act of 2002. Spokesperson Martin DePoy, vice president for government relations at the National Association of Real …
Richard Hull, chairman and CEO of Hull & Company Inc., and Howard Stone, president of Gray-Stone & Company, recently announced the sale of Gray-Stone’s Stockton, Calif. office to Hull & Company. “The sale of the Stockton operation to Hull & …
President George W. Bush signed into law, H.R. 3210, the Terrorism Risk Insurance Act of 2002, Tuesday. “Since its introduction, the Terrorism Risk Insurance Act, has gone over a lot of tough hurdles. Had it not been for President Bush’s …
Lee Covington has formally announced his intention to resign his position as Director of the Ohio Department of Insurance before December 10 “to pursue career options in the private sector.” “This was a difficult decision to make, but it is …
Moody’s Investors Service announced that it has downgraded to A2, from A1, the insurance financial strength rating (IFSR) of Converium AG and its U.S. and German subsidiaries-Converium Reinsurance (North America) Inc. and Converium Ruckversicherung (Deutschland) AG. It also confirmed the …
AIR Worldwide Corporation (AIR), one of the leading providers in catastrophe modeling and weather risk management, announced the release of new typhoon and earthquake models for the Asia-Pacific region. “The new typhoon models include Taiwan, Hong Kong and the Philippines. …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on American Re-Insurance Co. and American Alternative Insurance Corp. (together American Re) to ‘AA-‘ from ‘AAA.’ S&P also lowered its counterparty credit and …
Acceptance Insurance Companies Inc. announced that Rain and Hail, L.L.C and others have discontinued efforts to purchase its crop insurance assets, mainly its American Growers Insurance Company (AGIC) subsidiary, following the refusal of the U.S. Department of Agriculture’s Risk Management …
The Chinese government announced on Monday that it was extending insurance coverage of war and terrorist risks for the country’s airlines for an additional month, until December 24, 2002. The coverage was first made available to the airlines following the …
The Louisiana Insurance Rating Commission granted Allstate Insurance Co. a $21.9 million auto policy rate increase. The rate hike is the second the company has received in the past nine months. According to the New Orleans Times-Picayune, Allstate is Louisiana’s …
