Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast, and by 25 to 30 percent in the Mid-Atlantic and …
An appeal for independent insurance agencies to assist South Carolina’s law enforcement agencies to document and report information on insurance fraud was voiced by Attorney General Henry McMaster during the March 22-23 Spring Conference held in Columbia by the Independent …
Idaho is considering a law that would increase the monetary threshold for an automatic award of attorney’s fees from $25,000 to $50,000, with the exception of personal injury claims. Senate Bill 1357 is currently in the House Committee on Judiciary …
France’s SCOR Group announced positive results for 2005 with net income after tax increasing by 75 percent to €131 million ($158 million), compared to €75 million ($90.5 million) in 2004. Other earnings highlights were listed as follows: • Gross written …
Bermuda-based XL Capital Ltd. announced the appointment of Susan L. Cross as Global Chief Actuary. She is currently Chief Actuarial Officer of the Company’s reinsurance general operations, and will now “lead and oversee all major actuarial functions for the Company …
The U.K.’s Financial Services Authority and the Office of Fair Trading (OFT) jointly announced that they are working on producing “an action plan” covering payment protection policies, which they hope to publish by the end of April. The bulletin said …
Fitch Ratings announced that it has downgraded the class B and C variable-rate notes of Avalon Re Ltd. and placed all of the notes in classes A, B and C on Rating Watch Negative. “The class B variable-rate notes were …
Global insurance broker Willis Group Holdings Limited announced that Phillip Ellis has joined the Goroup as Global Energy Practice Leader. The bulletin characterized the move as a “significant senior appointment strengthening its global energy practice,” and one that would bring …
Guy Carpenter & Company, Inc., Marsh & McLennan’s global risk and reinsurance specialist, announced that Hugh Powell has assumed the role of CEO of its Latin America and Caribbean Region. He will manage Guy Carpenter’s operations in Argentina, Brazil, Chile, …
“Disease, kidnap and ransom, and terrorism risks pose the greatest threat to global filmmaking,” according to the 2006 Risks in Global Filmmaking Map published today by Aon/Albert G. Ruben. Aon’s bulletin said “the map, which measures crime and corruption, terrorism, …
