Texas Lieutenant Governor David Dewhurst and Speaker Tom Craddick recently released the names of Senate and House of Representatives appointees to the Joint Select Committee on Windstorm Coverage. The Joint Select Committee is composed of six senators appointed by the …
Global insurance broker Willis Group Holdings announced the appointment of Eric Dinallo as General Counsel. He will also join Willis’ Partners Group, the company’s top management committee. Dinallo will be responsible for the Group’s legal and regulatory affairs globally, reporting …
Rating organization A.M. Best has reaffirmed its A- (Excellent) rating of medical malpractice insurer ProMutual Group for 2006. A.M. Best said its rating is based on its independent opinion of the company’s strong financial underpinnings, overall capitalization, conservative reserve practices …
Insurance Australia Group Limited announced that its Thai investment holding company, NHCT Limited, has successfully completed its tender offer for shares in Thailand’s Safety Insurance Public Company Limited. NHCT has now acquired approximately 98 percent of Safety Insurance. It has …
In his keynote address to the delegates at Aon’s 9th Energy Insurance Conference in Cancun, Mexico, Rolf Tolle, Lloyd’s Franchise Performance Director, told his audience that the Lloyd’s market is “ready, willing and able to meet the needs of Latin …
The Association of British Insurers’ new report “The Regulation of General Insurance: One Year On” has found that “many customers feel the regulated sales process is too long and contains unnecessary information. In consequence they are deterred from shopping around.” …
A global survey study conducted by Marsh Mac’s Mercer Human Resource Consulting has determined that while “evidence of the global spread of avian flu increases, there is a striking gap between companies’ concern about the impact of a human pandemic …
The Property Casualty Insurers Association of America is urging the Illinois House to reject an attempt by the trial bar to enable plaintiffs to receive compensatory damage awards based on the amount of medical expenses billed, rather than the charges …
Summit Insurance Company has signed a definitive agreement to sell its health insurance business to Medical Mutual of Ohio, it announced this week. The agreement, to take effect May 1, 2006, means the transfer of Summit’s approximately 900 groups representing …
Western National Insurance Group, based in Edina, Minn., will form an affiliation with Farmers Home Group of Bloomington, Minn. The Boards of Directors of the respective companies approved the transaction at meetings this week. It is anticipated that the Farmers …
