September 20, 2005
Insurance Commissioners of several large states will convene at a summit to develop a National Catastrophe Insurance Program. The summit is being organized by California Insurance Commissioner John Garamendi, Florida’s Commissioner of the Office of Insurance Regulation Kevin M. McCarty …
September 20, 2005
Aon has appointed Henry Van Dellen as a senior vice president and Minneapolis office Health & Welfare practice leader for Aon Consulting, effective immediately. Van Dellen joins Aon from Willis, where he most recently served as employee benefits practice leader. …
September 20, 2005
While risk managers, safety directors and senior financial executives cut the number of the most serious workplace injuries, those accidents continue to hit the bottom-line of employers hard, according to two Liberty Mutual studies announced at the National Safety Council’s …
September 20, 2005
While many repairs have been made from Tropical Storm Isabel two years ago, some Maryland residents have yet to fully recover. Although Isabel flooded communities all along the mid-Atlantic when it hit two years ago today, it was nowhere near …
September 20, 2005
Meadowbrook Insurance Group Inc. has raised approximately $20.0 million in Meadowbrook Capital Trust II, a wholly owned unconsolidated subsidiary of the holding company, in a trust preferred pooled transaction. The securities, which are classified as long-term debt, have a floating …
September 20, 2005
Two scenarios about how the federal government might help with insurance claims in the wake of Hurricane Katrina were suggested at a town hall meeting on Monday in D’Iberville, Miss. by U.S. Rep. Gene Taylor. If the insurance companies ask …
September 20, 2005
Joel Berg, the former owner of J.B. Williams & Company in Weston, Fla. and Seacoast Marine Insurance Inc. in Fort Lauderdale has been arrested for allegedly misappropriating more than $92,000 in insurance premiums from more than 50 customers. If convicted …
September 20, 2005
What was once a tropical storm hovering off the Florida coast has turned into Hurricane Rita, as she strengthened into a Category 2 hurricane on Tuesday, lashing the Florida Keys with heavy rain and strong wind. Winds were sustained at …
September 20, 2005
The Bermuda-based PXRE Group Ltd. has updated its estimates of potential losses from Hurricane Katrina to between $235 to $300 million, “after tax, reinsurance recoveries on its outwards reinsurance program and the impact of inwards and outwards reinstatement and additional …
September 20, 2005
The Bahrain-based Arab Insurance Group (ARIG) announced that it has taken the lead of a group of financial institutions in launching Takaful Re, which it describes as “the first major Islamic Reinsurance Company.” The announcement from the Dubai Financial Center …