The Baldacci administration and board chairman of the Dirigo Health Agency that the Maine governor has championed recently urged a legislative panel to expand the authority of the agency board. A bill brought before the Legislature’s Insurance and Financial Services …
A New York judge has granted American International Group a restraining order against its former chief executive officer, Maurice Greenberg, and his agency, Starr Technical Risk Agency, that bars Starr from placing its AIG business with other insurers. The order …
Pennsylvania Gov. Ed Rendell this week ordered follow-up inspections of the state’s active underground mines in the next 30 days, citing the deaths of 16 mine workers in West Virginia since early January. He also asked mine operators to observe …
The National Association of Mutual Insurance Companies (NAMIC) questions the trend by the National Association of Insurance Commissioner (NAIC) to create new insurance industry databases. “The proliferation of NAIC databases undertaken without regard to cost, duplication, or confidentiality is a …
Willis Group Holdings Ltd. reported results for the quarter and year ended Dec. 31, 2005. Separately, the Board of Directors approved a 9 percent increase in the regular quarterly cash dividend on the company’s common stock to $0.235 per share, …
The nation’s largest two-day conference focusing on farm and agribusiness insurance risks will be held March 15-16, 2006 in Sacramento, CA at the beautiful Radisson Resort Hotel. This 19th Annual Agribusiness Conference allows participants to receive continuing education (CE) credits …
Risk managers of multinational corporations would do well to follow closely the escalating protests over Danish cartoons satirizing the Prophet Muhammad in Europe and the Middle East, according to Aon Trade Credit Managing Director Bryan Squibb. President Bush has called …
Canada-based Kingsway Financial Services Inc. reported financial results for the fourth quarter and year ended Dec. 31, 2005 (Cdn dollars except where indicated). Net income for the quarter increased 16% to $42.1 million compared to $36.3 million in the fourth …
Automatic all risk coverage with comprehensive extensions for international shipments is now available through Cargo Elite, a new Ocean Cargo policy introduced by St. Paul Travelers, a U.S. provider of Ocean Marine insurance. Automatic all risk coverage differs from traditional …
Insurance scams, especially hurricane-related complaints, ranked third in a list of top categories of fraud complaints received by Attorney General Charlie Crist’s office in 2005. The top categories on the list, released to kick off the Feb. 5 to 11 …
