Capping coastal home insurance coverage at $1 million and providing grants for home fortification against hurricanes are among suggestions proposed for Citizens Insurance, Florida’s property insurer of last resort. A task force that met Monday and Tuesday also recommended requiring …
The Chubb Corp. reported that net income in the fourth quarter of 2005 was $614 million or $2.92 per share, compared to $468 million or $2.39 per share in the fourth quarter of 2004. Operating income, which the company defines …
The Hanover Insurance Group Inc., based in Worcester, Mass., reported a big increase in net income for the fourth quarter of $114.5 million, or $2.11 per share, compared to net income of $63.1 million, or $1.18 per share in the …
The ACE Group of Companies reported the appointment of new senior managers in South Africa and New Zealand. Scott Pickering, country manager and managing director of ACE New Zealand, has been appointed chief executive officer for ACE’s new South Africa …
Guy Carpenter & Company Inc. reported the publication of Property Specialty Update – 1 January 2006 Renewal Season Overview, an in-depth report on the Jan. 1, 2006 property renewal season. The study, which significantly expands on the property findings of …
Five legislators have each accepted a “Seat Belt Champion Award” from the Nashville-based Meharry-State Farm Alliance, that applauds their success at inserting a primary enforcement amendment into the state’s existing seat belt statute that became law in South Carolina. The …
New York-based Integro Ltd. has announced that Thomas M. Biggio and Allison Ast have joined the Chicago office as principals. Thomas Biggio has nearly three decades of casualty and property brokerage experience, most recently serving as director of marketing for …
Three dozen insurance industry representatives walked Delaware’s Legislative Hall of the state capitol last week to meet with state legislators and discuss pending bills on the use of credit history, workers’ compensation reform, and cancellation and non-renewal of homeowners insurance. …
Atlanta-based Beecher Carlson, an insurance brokerage and risk management consulting company, has announced it has entered into a strategic business relationship with Tony Rodolakis, a risk management veteran with extensive expertise and specialization in the hospitality industry. The relationship expands …
Specialty Global Insurance has launched its nationwide miscellaneous E&O program with Everest Indemnity Insurance Company, a member of the Everest Re Group Ltd. As Everest’s underwriting and claims manager for the program, Specialty Global will target a full spectrum of …
