The National Association of Mutual Insurance Companieshas named a new group of Washington, D.C. insurance professionals to lead its federal affairs lobbying efforts in the nation’s capital. Last December, NAMIC Federal Affairs Senior Vice President David A. Winston was named …
A federal jury is expected to begin deliberations today in the case involving Swiss Re and 12 other insurers over the amount of recovery due to Silverstein Properties as compensation for the destruction of the World Trade Center. The central …
The rating Agencies A.M. Best Co. and Fitch both announced that they are not currently contemplating a change in the ratings of Swedish-based Sirius International Insurance Corporation and its U.S. subsidiary, Sirius America Insurance Company following the completion of their …
Allianz Group’s French subsidiary, AGF International, announced the new names of the Group’ insurance companies in Egypt – Allianz Insurance Company of Egypt and Allianz Life Insurance Company of Egypt. “The Allianz Group has been involved in the Egyptian market …
A report from the Straits Times in Singapore notes that Malaysia’s INCOME has launched a new insurance coverage plan for Sars, birdflu, and a type of soil disease called melioidosis. The report indicated that INCOME claims to be the first …
A proposed regulation (Chapter 56) to restrict the use of credit-based insurance scores could actually cause unintended consequences for Wyoming consumers, according to the American Insurance Association (AIA). “Restricting the use of credit information in the insurance rating and underwriting …
A New Mexico Supreme Court ruling last week to allow third party bad faith suits against insurers in auto liability cases will likely result in higher costs for policyholders, the American Insurance Association (AIA) said. “This case takes New Mexico …
Taking another step to ensure all Ohio employers pay their premiums, the Ohio Bureau of Workers’ Compensation (BWC) has recently completed a targeted sweep of 331 Cincinnati employers. BWC identified Cincinnati ZIP codes that reportedly had a high potential of …
A.M. Best Co. has affirmed the B+ (Very Good) financial strength rating of Tugu Insurance Company Limited (Hong Kong, China). The rating outlook is stable. The rating reflects the company’s prudent capitalization, diversified underwriting portfolio, strong liquidity and conservative investment …
Bradley Wilson, president of Florida-based North American Liability Group, announced that Harry MacGregor, CEO of Baird Macgregor Insurance Brokers Inc., has agreed to join the Board of Directors. MacGregor has extensive experience in implementing and managing infrastructure to manage self-insured …
