Monthly Archives: <span>February 2005</span>

PIA Creates Searchable Database from 10 Years of Experts’ Answers to Agents’ Questions

Since its inception 10 years ago, the Professional Insurance Agents of New York State, New Jersey, Connecticut and New Hampshire’s Industry Resource Center has handled thousands of member questions annually. Now, PIA has created “Ask PIA,” a member-exclusive online database …

HUD to Accept Demotech’s ‘A’ Rating or Higher on Professional Liability Insurance Providers

The United States Department of Housing and Urban Development, Office of Multifamily Development (HUD) has approved Demotech, Inc. to provide rating services to captives, risk retention groups, smaller licensed regional insurance carriers and other risk sharing entities effective Jan. 31, …

PartnerRe Notes Q4, Record Full Year 2004 Numbers

Bermuda-based PartnerRe Ltd. on Monday reported net income of $143.7 million, or $2.54 per share on a fully diluted basis, for the fourth quarter of 2004. This net income includes net after-tax realized gains on investments of $16.1 million or …

N.Y. Officials Vow to Exercise Caution in Regulation of Compensation Before Gathering of Big ‘I’ Agents

New York officials say they will take a “measured approach” in considering changes to how the state regulates the incentive fees insurance companies pay agents and brokers. Acting Superintendent of Insurance Howard Mills and Sen. James Seward (R-Oneonta), chairman of …

Regulator Panel Highlights April PCI Marketing and Underwriting Seminar in St. Petersburg

An interactive panel discussion featuring Kevin McCarty, commissioner of the Florida Office of Insurance Regulation, and John Oxendine, commissioner of the Georgia Insurance Department, will highlight the agenda of the Property Casualty Insurers Association of America (PCI) Marketing and Underwriting …

LIG Marine Managers London Office Approved

LIG Marine Managers of St. Petersburg, Fla. has been approved to open a branch office in London by the Financial Services Authority, which regulates the British insurance industry under the Financial Services and Markets Act of 2000. FSA issued the …

Insurance Journal Presents Second in the ‘How to Write Series’ on Feb. 10

Looking at the subject of cyber liability insurance, Insurance Journal will present the second of its “How to Write Series” on Thursday, Feb. 10, as Henry Lopez of Shand Morahan will spend 60 to 90 minutes discussing the ins and …

Palmberger Joins DLA’s Cologne Office

Herbert Palmberger has joined DLA Piper Rudnick Gray Cary as a partner at DLA’s Cologne office. Palmberger was previously a counsel at Cliffford Chance’s Düsseldorf office. Palmberger’s appointment marks a major emphasis by DLA on its German insurance market. Before …

Insurers to Pay $5.9M for Lost SoCal Airport Revenue

Los Angeles City officials said Friday they have reached a $5.9 million settlement with their insurers over revenue losses suffered when the Federal Aviation Administration ordered Los Angeles International and Ontario International airports closed immediately after the Sept. 11, 2001, …

Wyo. Lawmakers Trying to Stem Doctor Liability Costs

In the first half of the legislative session, the health care industry watched the demise of several measures meant to stem rising insurance costs for doctors. “The liability crisis is getting worse,” said Susie Pouliot of the Wyoming Medical Society. …