Rhode Island Gov. Don Carcieri has vetoed a bill that would have given Rhode Island drivers 24 hours to produce proof of insurance after they are stopped by a police officer or involved in an accident. The legislation was among …
The U.K.’s Financial Services Authority (FSA) announced that it is consulting on rules to be introduced in the country to cover, “a new fit-for-purpose regime for Insurance Special Purpose Vehicles (ISPVs). The proposals form part of a wider consultation on …
Global insurance broker Willis Group Holdings has released a new political risk pricing paper, which is aimed at encouraging the injection of capacity into the political risk reinsurance market. The study, entitled “Political Risk Reinsurance Pricing – A Capital Market …
Swiss Re’s economists held their “Mid-year Economic and Insurance Industry” teleconference yesterday, June 27, covering concerns on inflation, interest rates, high oil prices and the outlook for the insurance industry. Thomas Holzheu indicated that inflation concerns would cause the Fed …
Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Group, announced that Gary Venter, FCAS, MAAA, Managing Director in the firm’s Instrat(R) unit, has been named the recipient of the International Actuarial Association’s …
The NASDAQ Stock Market has released the names of approximately 1200 companies who will be included in its new “NASDAQ Global Select Market” tier, which will become effective July 3. The new tier “has the highest listing standards in the …
The Arkansas Insurance Department announced that a public hearing has been scheduled for Sept. 14, 2006, on whether Insurance Commissioner Julie Benafield Bowman should adopt Emergency Rule 50, “Producers Continuing Education,” as a permanent Rule. The hearing will take place …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during April. The actions include four license revocations, three license denials and fines and restitution totaling $174,600. Copies of Geeslin’s orders may be obtained …
Independent agents that sell travel insurance will be interested in the outcome of Florida’s Freedom to Travel Bill, HB299, but the Travel Assist Network, asked for clarity in a debate about the differences between life insurance and travel insurance and …
Citizens Property Insurance Inc. successfully completed a $3.05 billion bond sale Tuesday, boosting company reserves for damage claim payment if a storm strikes, a company official said. “We had a very successful pricing today,” said Terri Slack, CFO of the …
