A new report from Standard & Poor’s Ratings Services – “Non-Life Insurance Industry Risk Analysis: Denmark {Kingdom of}” – concludes that economic and industry risk are moderately low in the Danish non-life insurance market. “Sustained earnings growth and improved capitalization …
Recommendations about the expansion of windborne debris regions in Florida’s Panhandle and requirements for storm shutters and missile-resistant glass will be discussed July 11 during a special Florida Building Commission hearing in Hollywood, Fla. The commission will consider how to …
Insurance Australia Group Limited announced that negotiations for the acquisition of a 24.9 percent stake in China Pacific Property Insurance Co., Ltd. (CPPI) have “progressed to the stage that draft transaction agreements have been confirmed for the purposes of lodgement …
The U.K.’s largest broker, Jardine Lloyd Thompson Group, announced that George Stuart-Clarke will stand down as Finance Director and be replaced by Jim Rush, immediately following publication of the firm’s 2006 interim results. Rush, 45, is an Australian Chartered Accountant. …
France’s SCOR Group announced that its Board of Directors has adopted plans to transform the Company into a Societas Europaea, or SE. SCOR SA – its current status – will become the first French listed company to do so. SCOR …
Chicago-based Hub International Limited has acquired AssurConseil, S.E.N.C., a Montreal-based insurance broker with both general lines and trucking expertise. “The 39-employee organization will add approximately CDN$5.5 million (US$4.9 million) to Hub International’s revenue base and will become part of Hub …
The West Virginia Insurance Commission is cracking down on the estimated 2,000 employers in the state that do not have workers’ compensation insurance, which is required by law. When an employee of an uninsured employer gets injured, he or she …
Insurance adjusters can barely begin to estimate the damage to The Menninger clock tower, a Topeka landmark for more than seven decades. Already declared unsafe, investigators continue to try to find the vandals who caused extensive damage to the historic …
While storms such as Hurricane Katrina grab the headlines, a string of smaller storms over the past few years has been taking a toll on insurance companies, industry officials said. Storm claim losses have been running significantly ahead of projections …
A Leon County Circuit Court Judge has ordered Florida Select Insurance Company into rehabilitation according to Tom Gallagher, Florida’s CFO. Under the order, the company’s 70,000 homeowners policies are not cancelled at this time and the company may continue to …
