Florida’s Chief Financial Officer Tom Gallagher praised the Senate Banking and Finance Committee’s passage of a bill that would provide stronger criminal penalties for operators of unlicensed insurance entities who sell their bogus products to Floridians. According to the Department …
The Austin Association of Insurance Professionals announced their 16th Annual Golf Tournament has been scheduled for April 28, 2003 at the Star Ranch Golf Course in Hutto, Texas. A shotgun start is scheduled for 1:00 p.m. Cost to participate in …
Legislation authored by Texas Senator Troy Fraser to speed insurance companies’ response to water damage claims, limit the amount insurers can charge homeowners for previous water damage claims, and require the licensing of public insurance adjusters was approved by the …
The American Insurance Association praised Arkansas Governor Huckabee for signing significant tort reform legislation passed through the state legislature. “The Arkansas Legislature has made great strides toward reducing frivolous lawsuits that clog the courts, ultimately costing jobs and impeding companies …
A.M. Best Co. announced that it has downgraded the financial strength ratings to B- (Fair) from B+ (Very Good) of Commercial Travelers Mutual Insurance Company and its wholly-owned subsidiary, Monitor Life Insurance Company, both headquartered in Utica, New York, and …
The Professional Insurance Agents of Connecticut Inc. has issued a statement urging the Connecticut General Assembly’s Insurance & Real Estate Committee to oppose Committee Bill No. 5490. The PIACT described the bill as seeking “to prohibit insurers from using credit …
Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance intermediary, announced today that the company’s board of directors has authorized the company to purchase up to $20 million of its common stock, replacing a more restrictive prior authorization. “The …
The National Association of Independent Insurers praised New Hampshire’s House of Representatives for passing H.B. 684, which it strongly supports, calling it “a bill that will make it easier for insurers and consumers to transact business in the state by …
Equitas, the specialty fund vehicle established by Lloyd’s to reinsure and run off the liabilities of London syndicates for 1992 and prior years, confirmed an announcement, originally made last December, that Michael Crall will retire as an executive of Equitas …
Swiss Re, the world’s second largest reinsurer, didn’t manage to dodge the bullet as successfully as its German rival (see previous article). The Group announced that it expects to post a net loss of SwF 91 million ($65.75 million) for …
