Risk Management Solutions (RMS) nnounced the release of the RMS Israel Earthquake model. This model is the first to offer both high resolution and aggregate analysis capabilities for insurance and reinsurance risk management. The model combines comprehensive information on earthquake …
Arch Capital Group Ltd. announced that Constantine (Dinos) Iordanou will become president and CEO of Arch Capital Group Ltd., effective August 1, 2003. Iordanou will succeed Peter Appel, one of Arch Capital’s founders, who will remain on Arch Capital’s Board …
Tropical Storm Claudette is heading toward the coast of Texas and could hit ground as early as Tuesday night or Wednesday morning as a “minimal hurricane,” according to the Weather Channel. Warnings of the hurricane have been issued for the …
Workers’ compensation costs per claim in Florida for all paid claims were higher than most states analyzed in a national study and growing at a double-digit rate, according to a new study by the Workers Compensation Research Institute (WCRI). The …
The Independent Insurance Agents and Brokers of America released a statement saying it is concerned about an unexpected bill introduced in the Senate last week by Sen. Fritz Hollings (D-S.C.) that is the first legislative proposal in the 108th Congress …
This year has been the busiest for enactment of state civil justice reform legislation since 1995, according to the American Tort Reform Association (ATRA). At mid-year, 20 states already have enacted laws; 19 laws were enacted by the conclusion of …
Wachovia Insurance Services announced today that it has hired Stewart McDowell as chief operating officer, responsible for managing the Property & Casualty and Benefits agencies. McDowell joins Wachovia from a 15-year career at Willis Group Holdings, the world’s third-largest insurance …
Chicago-based brokerage giant Aon Corp. has acquired the rights to an Orlando, Fla.-based aggression consulting company, according to the Chicago Tribune. The Center for Aggression Management aims to reduce violence and aggression in the workplace. Aon views the purchase as …
Cincinnati Financial Corp. has announced that it expects strong second-quarter 2003 results as momentum carries over from 2002 and the first quarter of 2003. Based on preliminary data, management expects second quarter 2003 property casualty net written premiums will increase …
Anthony “Tony” Warren of West Bend Mutual Insurance Company and Robert Williams, Jr. of Progressive Insurance Group were recently elected to the National Association of Independent Insurers’ (NAII) Board of Governors. Warren, president and CEO of West Bend Mutual Insurance …
