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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
