Changes in Florida’s legislation during the spring session and new administrative changes requiring agency licensure or registration were detailed by Hazel Muhammad, bureau chief of Agent and Agency Licensing with Florida’s Department of Financial Services, Division of Insurance Agents and …
In the wake of Hurricanes Katrina and Rita, leaders from the public and private sectors from throughout the nation will take part in the National Symposium on Terrorism Risk Insurance in the Cannon House Office Building on Friday, Oct. 7, …
Fireman’s Fund Insurance Company said it will treat homeowners’ property damage from Hurricanes Katrina and Rita as one event for purposes of calculating the amount of hurricane deductible on losses. As a result, Fireman’s Fund homeowner policyholders who suffered damage …
The horrific wake of two hurricanes on the Gulf Coast includes near-universal mold damage, a side effect that, while troublesome to home and business owners, may have its largest consequences on real estate lenders. With insurance coverage for mold damage …
The Alabama Independent Insurance Agents has announced its schedules for five upcoming fall seminars in Mobile, Birmingham and Huntsville. Oct. 19, Small and Rural Agents Conference, two topics, “Agency Ethics and E&O Risk Management” and “Am I Covered When I …
The importance of professional education was stressed by John Oxendine, Georgia’s Insurance Commissioner, during the Professional Insurance Agents of Georgia’s ninth annual Education Expo held on Tuesday in Atlanta. Oxendine, the luncheon keynote speaker, told more than 500 agents attending …
A.M. Best Co. lost no time in placing the financial strength and debt ratings of the operating subsidiaries of Bermuda’s RenaissanceRe Holdings Ltd. under review with negative implications. These include Renaissance Reinsurance Ltd., Glencoe Insurance Ltd., Lantana Insurance Ltd., Stonington …
If you’re one of the diminishing number of people who don’t believe the world is getting warmer, that headline could be spun to read: “Northwest Passage Finally Found.” That would rank right up there with other facetious headlines, such as: …
Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to negative from stable. The news appears in a report, published today, entitled “Near-Term Strains On Reinsurers’ Financial Strength After Katrina Lead To …
Zurich-based reinsurer Converium has issued a statement indicating that increased industry loss estimates from Katrina have resulted in a new estimate of its potential exposure to between $20 and $40 million. It had previously announced preliminary estimates of between $10 …
