Insurers this week testified in Trenton against a bill (A-1003) that would permit chiropractors in New Jersey to seek reimbursement for services at the same rate as licensed physicians and surgeons. The legislation would also place the same limitations or …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Bermuda-based PXRE Reinsurance Ltd. and U.S.-based PXRE Reinsurance Co. (collectively referred to as PXRE) to “BBB-” from “BBB+.” S&P had already lowered …
The issue of reinsurance collateral dominated the opening session of the World Insurance Forum in Bermuda as it has other gatherings where reinsurance is discussed. It was not the first time that Lloyd’s Chairman, Lord Peter Levene, has called for …
White Rock, the Aon-owned, Bermuda-based specialist in protected cell companies and rent-a-captives, has announced the addition of a segregated accounts company, White Rock Insurance (SAC) Bermuda Ltd (White Rock Bermuda), to its fast growing family. “White Rock Bermuda will provide …
XN Holdings, parent company of XN Risk Insurance Services (Canada) Inc., announced the launch of a Law Firm Management Liability Policy designed to meet the evolving needs of Canadian legal professional firms. XN said the Law Firm Management Liability Policy …
The U.S. Supreme Court ruled this week that Domino’s Pizza could not be sued for racial discrimination by a businessman whose company had a contract with the chain. The court, in an 8-0 decision, said that because the contract was …
The New York homeowners insurance market is stable, according to the Property Casualty Insurers Association of America. Kristina Baldwin, PCI’s regional manager, will testify to that effect Monday before a hearing of the New York Department of Insurance called to …
Hilb Rogal & Hobbs Company reported the signing of a definitive agreement under which HRH will buy the stock of Zutz Associates Inc., Delaware’s largest independently-owned insurance agency. Terms of the transaction, which is expected to be completed by March …
The Bush Administration on Thursday released its review of The Federal Response to Hurricane Katrina. In the 228-page report, the Bush Administration notes that there were major flaws in the response on the government’s part to the disaster. More than …
The Public Entity Risk Institute (PERI), a nonprofit risk management training and educational organization, reported the publication of a new resource for professionals responsible for disaster recovery. Holistic Disaster Recovery: Ideas for Building Local Sustainability after a Natural Disaster, features …
