Thursday night, six months after Hurricane Jeanne hit the east coast, Tom Gallagher, Florida’s CFO, met for the sixth in a series of seven town hall meetings to discuss unpaid claims with 250 homeowners in Jupiter, Fla. Gallagher and his …
Workers’ compensation costs per claim in Massachusetts grew rapidly in the two most recent years, according to a new study by the Workers Compensation Research Institute (WCRI). The major factor driving these costs higher was rising medical costs per claim. …
The National Association of Insurance Commissioners has formed a working group to examine issues with the National Flood Insurance Program in light of Hurricane Isabel complaints and experiences with other recent storms by Maryland citizens. Maryland Insurance Commissioner Alfred W. …
The Securities and Exchange Commission said it has obtained a protective order against Maurice R. Greenberg, C.V. Starr & Company Inc. and American International Group Inc., in the United States District Court for the Southern District of New York, to …
Lloyd’s CEO Nick Prettejohn, speaking at the FSA insurance conference on Thursday, April, 7, outlined six “strategic challenges” facing the general insurance industry, which he also indicated was by no means a “comprehensive list.” Prettejohn listed them as follows: One …
The Hartford Financial Services Group, Inc. announced the launch of its new “Ocean Companion” endorsement, which attaches to the company’s Property Choice policy for medium-sized businesses. It” eliminates traditional reporting requirements for shipments, waives adjustments and deposits for cargo, and …
The Association of British Insurers’ (ABI) campaign to more effectively enforce sanctions against motorists driving illegally without insurance, is on the road to success. According to the ABI offenders “will face more effective on – the – road detection, and …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to Central Reinsurance Corporation (Central Re) (Taiwan). The outlook for both ratings is stable. “The rating reflects …
Burns & Wilcox, national specialty insurance wholesaler, underwriter and managing general agent, has opened a new service center in Modesto, Calif. The new Modesto, Calif., service center will operate in collaboration with Burns & Wilcox of Sacramento, Calif. Burns & …
Massachusetts Gov. Mitt Romney and Senate President Robert Travaglini rolled out competing health care plans this week, both of which aim to greatly reduce the numbers of uninsured residents. The Republican governor says his plan will provide insurance to virtually …
