Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has completed a review of catastrophe securitizations that were placed in 2003. Considering publicly available sources, the firm estimated that approximately $1.8 billion of …
A number of scholarships are available to help young agents and brokers attend the Independent Insurance Agents & Brokers of America’s (IIABA) National Legislative Conference—taking place April 21-23 at The Capital Hilton in downtown Washington, D.C. First-time young agent attendees …
A bill aimed at reportedly making badly needed changes to the workers’ compensation laws in Vermont has some very positive components, according to the Property Casualty Insurers Association of America (PCI). “House 632 is a comprehensive measure that addresses many …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of California-based Zenith National Insurance Group (Zenith). The rating applies to three intercompany pool members and is based on the consolidated operating performance and financial condition of the …
Valley Oak Systems, Inc. (VOS), a national provider of claims management software, services and support, has completed development of a new data extraction tool that will streamline the submission of claims data to the Public Entity Risk Institute (PERI), a …
An Orlando, Florida insurance agent has pleaded no contest to organized fraud and unlawful sale of insurance for soliciting doctors to buy bogus medical malpractice coverage. Michael Rock, 34, was arrested on the charges in November 2002 by investigators with …
ACE Risk Management (ARM), a division of ACE USA, announced the appointment of Hale “Chip” Holden III as senior vice president to lead the Northwest region. Holden will have overall responsibility for overseeing the Northwest region of the country, serving …
Surplus lines brokers in California now have the opportunity to ensure timely and accurate payment of surplus line taxes without needing to reconcile data and prepare reports. Los Angeles-based E.L.M. Insurance Brokers Inc.’s automated California Surplus Lines Filing System©, eliminates …
The case pitting Swiss Re, Travelers and other insurers against Silverstein Properties, the World Trade Center master leaseholder, moved a step closer on Wednesday with the selection of five women and seven men as jurors. Opening arguments are expected to …
ACE USA, the U.S.-based retail operations of the ACE Group of Companies, announced the appointment of Brian Duffy as Senior Vice President, ACE Select Markets, based in Philadelphia. He will be “responsible for the development and management of new personal …
