In light of new information, the Property Casualty Insurers Association of America (PCI) has reportedly retracted its original position on admitting Georgia captive insurers to the state’s guaranty fund and will be formally reassessing the situation pending further developments. “We …
Although many complex issues need to be resolved to solve Florida’s nursing home crisis, tighter litigation reforms are reportedly key to solving these problems. “The passage in 2001 of S.B. 1202 provided only incremental reform to address nursing home litigation …
In his State of the Union Address Tuesday evening, President Bush addressed issues vital to the nation and the business community, including new initiatives to strengthen economic growth, reform the legal system, enhance education and job training, and contain the …
Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda Watters has launched the first phase of her investigation into rising home and auto rates in Michigan. Watters issued a letter of inquiry to insurance companies writing home insurance policies …
A recent study analyzing the driving records of more than 1 million Americans revealed students had far and away the most reported traffic accidents and speeding citations of any occupation. According to the Insurance Council of Texas, medical doctors, attorneys, …
Zurich Global Energy announced that Mel Causer was named senior vice president of Exploration & Production. In this position, Causer will be based in Houston, Texas, and will be responsible for exploration and production activities on a global basis. His …
Philadelphia-based PMA Capital announced that it has filed a Form 8-K with the Securities and Exchange Commission describing certain voluntary agreements between its wholly owned subsidiary, PMA Capital Insurance Company (PMA Re) and the Pennsylvania Insurance Department. PMA Re previously …
American Re-Insurance Company announced from its headquarters in Princeton, N.J. that Douglas Boyce has joined the company as vice president responsible for day-to-day oversight of the company’s insurance company operations. He has held various executive, claims, marketing, and underwriting positions …
The Professional Insurance Agents of New Jersey Inc. said in a comment to the state’s Department of Banking and Insurance, that it supports attempts to remedy confusion about rules for effecting coverage for auto insurance. It also offered some alternative …
Vermont’s Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) Commissioner John Crowley issued a bulletin aimed at helping investors cope with the “increasingly complex and confusing arena of investment frauds.” Crowley released the North American Securities Administrators Association’s …
