Bermuda-based AXIS Capital Holdings Ltd. announced its initial estimates of net losses related to Hurricane Katrina to be between $500 million and $650 million. The company also reiterated its earlier guidance that these net losses are estimated to be within …
Property Casualty Insurers Association of America is urging the Federal Emergency Management Agency to establish centralized locations in Louisiana to aid the recovery effort and serve as coordinating centers for the insurance industry, local, state and federal government agencies. “The …
Stating “this could be the big one we’ve avoided for years,” the Independent Insurance Agents of Texas announced it has developed a special Web page to report on storm activity and recovery plans, if those plans become necessary. This site …
More than 30 state insurance regulators working collaboratively through the National Association of Insurance Commissioners (NAIC) on Wednesday announced a multi-state regulatory settlement with the nation’s largest insurance broker, Marsh & McLennan Cos. Inc. (Marsh). The settlement agreement is designed …
Insurance Commissioner Sandy Praeger has deployed two members of the Kansas Insurance Department to assist at the National Association of Insurance Commissioners (NAIC) Call Center in Kansas City, Mo., which was established to assist with the high volume of property …
The Association of California Insurance Companies (ACIC) is asking Gov. Arnold Schwarzenegger to sign into law highway safety legislation that would target street racing and beginning teen drivers. The bills are AB 1325 by Assemblyman Juan Vargas (D-San Diego), and …
The Association of California Insurance Companies (ACIC) recently testified on proposed Department of Insurance regulations. According to Jeff Fuller, executive vice president and general counsel of ACIC, if passed, the regulations would increase the cost of insurance for Californians while …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has expanded its insurance products to offer additional coverage for companies doing business overseas. The International Advantage Express Policy offers streamlined coverage designed and priced to address …
RTW Inc. has received a Minnesota insurance license for its new Bloomington Compensation Insurance Co. subsidiary, the company said today. Bloomington, Minn.-based RTW said the new subsidiary will complement its existing insurance company, American Compensation Insurance Co. American Compensation generally …
Allstate Corp. has issued a direct challenge to the lawsuit filed last week by Mississippi Attorney General Jim Hood in which it refutes the charges made by the attorney general. On Sept. 16, Hood sued Allstate Property and Casualty Co., …
