Pirates preying on shipping were more violent than ever in 2004 and murdered a total of 30 crew members, compared with 21 in 2003, the ICC International Maritime Bureau reported in its annual piracy report for 2004. The number of …
The Prime Insurance Syndicate Inc. (www.primeis.com) has received approval to write surplus lines insurance business in Florida effective as of Feb. 9. Prime, which offers solutions for hard-to-place risks, will offer lines in Florida including assisted living centers, nursing homes, …
Copart, Inc. a large provider of vehicle salvage disposition services in the United States, has opened its seventh salvage yard in Ocala, Fla. its 19th in the Southeastern region. The 21-acre Greenfield facility will add needed capacity in the northern …
The Alliance of Specialty Medicine testified Thursday about the devastating effects the medical liability crisis is having on patient access to specialty healthcare and urged the Congress to pass medical liability reform this year. Since the House Energy and Commerce …
HCC Insurance Holdings Inc. announced that James Donovan has joined its underwriting agency subsidiary Professional Indemnity Agency (PIA), based in Mount Kisco, New York. Donovan will be senior vice president responsible for all errors & omissions underwriting at PIA in …
State Insurance Commissioner Kevin McCarthy has asked property insurance companies to delay filing for rate increases until after the upcoming legislative session ends in early May. In addition to postponing new filings McCarty asked insurers to place pending filings “in …
Fitch Ratings has placed several ratings of XL Capital Ltd (XL) on Rating Watch Negative, including XL’s ‘A’ long term issuer rating, and the ‘AA’ insurer financial strength rating of lead (re)insurance companies XL Insurance (Bermuda) Ltd. and XL Re …
Woodland Hills, Calif.-based Zenith National Insurance Corp. declared a regular quarterly cash dividend of $0.33 per share on its outstanding shares, an increase from $0.28 per share paid quarterly since the first quarter of 2004. The dividend is payable May …
Insurance can provide unique and important benefits to a society, but those benefits cannot be realized unless markets are liberalized, said David Snyder, vice president and assistant general counsel for the American Insurance Association (AIA), Thursday at the World Trade …
A parade of Republican lawmakers in Washington told insurance brokers some but not all of what they wanted to hear today, promising that class action reform will soon pass and, they hope, create momentum for Congress to also address other …
