Swiss Re’s preliminary estimates of insured losses from Hurricane Katrina are significantly higher than Munich Re’s (see previous article). The world’s second largest reinsurer indicated that they could go as high as $26 billion, making the category 4 storm that …
Lloyd’s announced that Jardine Lloyd Thompson (JLT) has become the fourth major broker and 21st business to back Kinnect, its electronic data processing platform, designed to eventually do away with the paper-based system, which most Lloyd’s brokers and underwriters still …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Belgian reinsurer Secura N.V. to “A+” from “A-” with a stable outlook. “The upgrade reflects the provision of a strengthened …
Irvine, Calif.-based Compensation Risk Managers of California, LLC has announced that it has received final regulatory approval for the Vintners and Independent Producers Self Insurance Program of California, a new self-insurance group program that CRM has custom-designed to cover winery …
Combined Agents of America LLC, based in Austin, Texas, announced that member agency J.S. Edwards and Sherlock Insurance Agency was awarded the Blue Streak Circle of Achievement Award by Central Insurance Companies. Blue Streak is a personal lines service, recognition …
A general session focused on effective actuarial communications and the professional responsibility of the corporate reserving actuary headlines the program of the 2005 Casualty Loss Reserve Seminar, to be held Sept. 11-13 at Boston Park Plaza Hotel & Towers in …
The National Association of Insurance Commissioners (NAIC) decided on Wednesday to cancel their fall conference, scheduled for New Orleans from Sept. 10-13. Approximately 1,500 insurance regulators, industry representatives and interested parties had registered to attend the conference. The NAIC has …
A number of agenices have posted contact information in the wake of Hurricane Katrina, which left a swath of death and damages from Louisiana to Alabama in the last day. For more information, contact the following: Alabama Emergency Management Agency …
The Farmers Insurance Group of Companies announced a 10.5 percent reduction in workers’ compensation rates for its Oklahoma business customers reportedly due to an improving insurance marketplace. This 10.5 percent workers’ comp decrease applies to new customers, “in-force” or existing …
More than half of Minnesota employers offer paid medical insurance to full-time employees, according to the 2005 Minnesota Employee Benefits Survey. About 53 percent of firms offer paid medical insurance, while just 12 percent offer benefits to part-time employees, according …
