The Oklahoma State Senate approved House Bill 2661 and sent the measure to a House-Senate Conference Committee. According to the Senate Communications Divisions, 23 members of a special House-Senate committee on tort reform will begin hearing testimony on the bill …
The National Flood Insurance Program (NFIP) is offering new Preferred Risk Policy (PRP) products for both the commercial market and renters markets. NFIP says these policies were created in response to consumer demand for lower-cost flood insurance options, and should …
Risk Management Solutions (RMS), a provider of products and services for catastrophe risk management, has issued a set of instructions and tools to assist Lloyd’s syndicates in completing the 2004 Lloyd’s Realistic Disaster Scenarios (RDS). The RDS analysis can be …
SCOR has appointed Marcel Kahn as group chief financial officer. Kahn spent several years as an external auditor and chartered accountant before joining the AXA group in 1988 as group controller. From 1991 to 2001, he was successively chief financial …
A New Jersey Appeals Court has ruled that a waiver signed by participants in high risk sports activities does not prevent relatives from pursuing a wrongful death suit when the sports enthusiast is killed. It is common for instructional facilities …
Fitch Ratings has affirmed the ‘A+’ senior debt rating and ‘F1’ short-term rating of Marsh & McLennan Companies Inc. (MMC). The senior debt rating has been removed from Rating Watch Negative and the Rating Outlook is now Stable. The action …
Accidents in highway construction zones kill more than 1,000 people each year, and most of them are drivers, according to Federal Highway Administrator Mary Peters. “We’re asking drivers to remember that for thousands of men and women, their workplace is …
Bank of Smithtown in New York has reached an agreement to purchase the Seigerman-Mulvey Co. insurance agency of East Setauket, N.Y. Seigerman-Mulvey Co. is a 30 year-old independent agency which places policies with more than 30 insurance carriers. The agency …
G.J. Sullivan Co. (http://www.gjs.com/e&s), a Southern Calif.-based program manager and wholesaler, announced a new market for auto dismantlers and repossessors that will provide admitted paper with A.M. Bests “A” rating. Chief Executive Officer William Buckley commented, “We have provided this …
A woman, arrested a month ago on charges of stealing more than $100,000 from the Florida Insurance Guaranty Association, has been arrested a second time on charges that she stole more than $310,000 from another insurance company, according to Florida’s …
