According to the most recent “Bermuda Quarterly Report” from global reinsurance broker Benfield’s Industry Analysis and Research team, Bermuda reinsurers have forecast that rates will continue to harden through the year and could even spread into other territories in 2007, …
Roger Ferguson, former Vice Chairman of the US Federal Reserve Board, will join Swiss Re as Chairman of Swiss Re America Holding Corporation and a member of the reinsuer’s Executive Board He succeeds Jacques Dubois who will retire by the …
Republican U.S. Senate candidate Mike McGavick collected more than $28 million upon leaving his post as an insurance executive earlier this year, financial disclosures show. Most of that 2006 compensation from Safeco Insurance Co. was stock and options, his campaign …
Insurance Skills Center is offering two new personal courses that deal with insuring issues wealthy clients face. High-Valued Homeowners & Zoom-Zoom, available for four continuing education credits, discusses the challenges in evaluating, identifying and underwriting the exposures related to the …
Venture Insurance Programs, a national program administrator announced that its Preferred Club Program has added a new workers’ compensation market in California through ICW Group. The ICW Group is rated “A-” IX by A.M. Best Co. The Preferred Club Program …
Insurance and building safety groups are calling for Florida to end the exemption granted communities in the Panhandle Gulf Coast area from stricter building codes that are being enforced elsewhere in the state. The Tallahassee, Fla.-based Florida Insurance Council has …
Mississippi Insurance Commissioner George Dale has approved Nationwide Mutual Fire Insurance Co.’s request to raise rates for homeowner insurance by an average 16.4 percent statewide. The rate increases, sought after Hurricane Katrina ripped Mississippi’s coastal counties and left damage well …
Despite promises that rising medical malpractice insurance rates would be suppressed under new state laws, many of Georgia’s insurers have hiked their premiums since the sweeping reforms took effect last year, according to an Associated Press analysis of state insurance …
The Florida Hurricane Catastrophe Fund has received approval to borrow $2.8 billion in case it has to back up insurers during the hurricane season. The fund was created after Hurricane Andrew and provides reinsurance, basically insurance for insurance companies. Gov. …
Cambridge General Agency has introduced a new crime coverage that can be added to home health care risks on a package basis, along with the general liability, property, inland marine and professional liability coverages the company offers. The new coverage …
