“What has happened with auto insurance rates in South Carolina should be the ‘gold standard’ for what can be accomplished with other types of insurance,” Elanor Kitzman, South Carolina Director of Insurance told members of the Independent Insurance Agents and …
Fitch Ratings announced that it has placed Fairfax Financial Holdings Limited, Odyssey Re Holdings Corp. and its insurance subsidiaries, and TIG Holdings Inc. on Rating Watch Negative. “The rating action on TIG reflects the alignment of TIG’s and Fairfax’s debt …
Bermuda-based RenaissanceRe Holdings Ltd. announced that Ross Curtis has been promoted to Senior Vice President of the Company’s Catastrophe Reinsurance unit. The bulletin notes that Curtis, 33, “is responsible for underwriting international property catastrophe reinsurance business for the Company’s largest …
Research and Markets has announced the addition of Irish IT Trends – Insurance Industry to their offering. The bulletin notes: “The insurance sector in Ireland is one sector heavily dependent on IT infrastructure due to its security and risk management …
In a speech at the “Forces of Nature” conference in London Julian James, Lloyd’s Director of Worldwide Markets, said that the time has come for the insurance industry to rethink how it handles catastrophic risks. In a summary, posted on …
A research report compiled by the National Center for Atmospheric Research (NCAR) and the University of Arizona, has concluded that there is significant evidence that the “Arctic summers by 2100 may be as warm as they were nearly 130,000 years …
Crawford & Company announced that its Australia operation has activated its catastrophe plan in the wake of Cyclone Larry, the category five cyclone that struck Australia on Monday morning (See IJ Website March 20). Crawford said its “claims professionals from …
The Florida Senate Banking and Insurance Committee has approved legislation that, if signed into law, will help ensure the viability of long-term care insurance in Florida. Senate Bill 2290 provides protections to seniors who have made the financial decisions and …
The Property Casualty Insurers Association of America expressed disappointment with Kansas Gov. Kathleen Sebelius’ decision to veto comprehensive workers’ compensation reform legislation. “SB 461 made needed changes in the Kansas workers’ compensation system to improve the business climate and restore …
A coalition of insurance organizations, bankers, realtors and home builders are petitioning state lawmakers to support SB 98/HB 279 an effort by Sen. J. D. Alexander and Rep. Kim Berfield to protect Florida’s Hurricane Catastrophe fund with a constitutional amendment. …
