For the first time, homeowners rates that include a severe thunderstorm component based on sophisticated catastrophe modeling have been included as part of a rating plan subject to approval by state regulators. Florida Farm Bureau’s 2003 Homeowners rate filing included …
New Mexico is ready for step two in its effort to increase the number of insured vehicles on its roads: suspending the registration of nearly 300,000 uninsured vehicles. The suspensions, which will begin next week, are part of a continuing …
Marking the start of National Arson Awareness Week (May 2-8), Georgia Insurance and Safety Fire Commissioner John Oxendine is reminding Georgians that they can get personally involved in the fight against the crime of arson. “Juvenile Firesetting: The Preventable Arson,” …
Risk Management Solutions Inc. (RMS), a provider of products and services for catastrophe risk management, released the findings of an in-depth study that provides workers’ compensation, life, and health insurers with key benchmarks for the potential risk of human casualties …
The St. Paul Travelers Companies, Inc. reported that net income for the first quarter ended March 31, 2004 increased 73 percent to $587.2 million, or $1.34 per share diluted ($1.35 per share basic) compared to the prior year quarter. The …
The AIG Companies announced the introduction of BusPlus(SM), described as “a new umbrella liability insurance package that offers excess auto liability insurance coverage, sexual misconduct liability coverage and terrorism protection under one policy for schools, municipalities and private bus companies …
Independent reinsurance intermediary Benfield announced that the U.S. Treasury Department has selected its subsidiary, Paragon Strategic Solutions Inc., a provider of reinsurance administration and asset recovery services, as the Administrator and Statistical Agent for the Terrorism Risk Insurance Program (TRIP) …
Global insurance broker Willis Group Holdings Limited has reported record results for the quarter ended March 31, 2004. Net income was $148 million, or $0.87 per diluted share, compared with $117 million, or $0.69 per diluted share in the same …
Standard & Poor’s Ratings Services announced that it has assigned its “AA-” counterparty credit and financial strength ratings to RGA International Reinsurance Co. Ltd. with a stable outlook. “The ratings are based on RGA International’s position as a core member …
Assurex Global Partners from all corners of the globe have gathered in London, this week, April 27 – 30, for a gala celebration commemorating “50 years of independence and growth.” The worldwide grouping of independent brokers now collects combined annual …
