Monthly Archives: <span>March 2006</span>

Fla. ‘Fly-In’ Features ‘Issues Briefings,’ House Insurance Committee Chair

Legislative topics of major concern to Florida’s insurance industry from property insurance to joint and several repeal tort reform will be discussed by Skip Long, chairman of the Florida Independent Insurance Agents Legislative Council, during the opening session of the …

Barbados Bulletin Boosts Burgeoning Captive Business

A news release from the Barbados Investment and Development Corporation (BIDC) highlights the island’s growing “reputation with investors as a prime business location,” as indicated by its burgeoning captive insurance industry. In addition to being a popular tourist destination [except, …

Berler Joins XL as Global Business Development Leader for Energy

XL Capital Ltd.’s COO for global insurance operations, David Duclos, announced the appointment of Ronald Berler to its business development team. He will report to Dennis Kane, XL Insurance’s Chief Operating Officer for the Americas. Berler will be based in …

Best Takes Rating Actions on Kingsway

A.M. Best Co. announced that it has affirmed the issuer credit rating (ICR) “bbb-” of Canada’s Kingsway Financial Services Inc. (KFSI). Best also affirmed the debt rating of “bbb-” on KFSI’s C$78 million (US $66.4 million) 8.25 percent senior unsecured …

Lloyd’s Pleased with Firms 2005 Results Despite Hurricanes

Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following the recent publication of most companies 2005 preliminary earnings figures. He …

Gov. Sanford Says S.C. Must Heed Katrina Wake-Up Call

After the thousands of deaths and billions of dollars in damage from last year’s record hurricane season, emergency planners must “imagine the unimaginable” in preparing for a storms, South Carolina Gov. Mark Sanford warned this week. “We have been lulled …

Florida Approves Two New Underwriting Association Plans

Florida Insurance Commissioner Kevin McCarty and the Office of Insurance Regulation have reviewed and approved substantive amendments to the plans of operation for Florida Comprehensive Health Association and Florida Medical Malpractice Joint Underwriting Association. The two groups submitted amendments to …

Mass. May Toughen Teen Driving Laws, Raise Licensing Age

It’s considered by many teenagers a rite of passage to start driving when they turn 16. But some parents, police officers and lawmakers are beginning to question whether that’s too young to handle the responsibilities of the open road. With …

Kan. Commissioner Praeger Attends Planning Meeting for Insure U Program

Kansas Insurance Commissioner Sandy Praeger joined insurance commissioners from several other states in New York City to launch an ambitious national public education program on insurance issues under the banner of Insure U. Developed by the National Association of Insurance …

Sleep-Deprived Teens Drowsy at School, While Driving

America is raising a nation of sleep-deprived kids, with only 20 percent getting the recommended nine hours of shuteye on school nights and more than one in four reporting dozing off in class. Some 51 percent of adolescent drivers reported …