Pending regulatory approvals, Lloyd’s 66th syndicate will start trading next month. Syndicate 1919, which has already received Lloyd’s approval, plans to begin underwriting on October 1st. The new syndicate, with a capacity of £50 million ($95 million) for 2007 will …
A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of the U.K.’s Royal & Sun Alliance Insurance Group plc and its rated subsidiaries under review with positive implications. …
Certified Risk Managers (CRM) announced from Austin that it has scheduled a course in risk management to be held in Monterey, Mexico Oct. 18-21 in Spanish. CRM called the course – “Principios de la Administración de Riesgos,” or “Principles of …
California’s Insurance Brokers and Agents of the West (IBA West) has launched a legal attack on what it is calling California Insurance Commissioner John Garamendi’s attempt to illegally redefine agent and broker definitions. The association filed a petition with the …
Hawaii may be a relatively small in size, but it hopes to reap big dividends using its geography, according to the state’s Insurance Commissioner J.P. Schmidt. Because of its location, the Aloha state is perfectly poised to attract business in …
The Professional Insurance Agents Association of Ohio, Inc. (PIA) presented awards this week to several of its members. The awards were announced at the 2006 PIA Agency Management and Profitability Conference. PIA of Ohio hosts the annual conference for insurance …
A city lead abatement program that has been recognized nationally might have to shut down because the U.S. Department of Housing and Urban Development has denied a request for a $3 million grant. “We were very surprised. All the indications …
District of Columbia, regional and federal officials this week introduced a state-of-the-art communications center that will serve as a command post in the event of a regional emergency. The 127,000 square-foot center, five miles east of the U.S Capitol, could …
Rep. Ed Royce (R-Calif.), a senior Member of the House Financial Services Committee, today introduced legislation that would create an optional federal charter regulatory regime for life and property/casualty insurance providers. The National Insurance Act of 2006, H.R. 6225, is …
The next time you go to church, you may notice security guards, controlled access, or a secure drop box for collections. These are just some of the innovative safety and security measures being implemented by churches across the country to …
