Monthly Archives: <span>December 2006</span>

N.H.Tells Families Caring for Disabled to Install Sprinklers

A family who takes care of a physically and mentally disabled person in their home has been told by fire officials they need sprinklers installed. Joe Sousa said he and his family have cared for a disabled person in their …

New Report from Benfield Sees Lloyd’s ‘Venturing Forward’

A report from international broker Benfield’s Industry Analysis and Research team entitled “Venturing Forward,” notes that Lloyd’s focus “has turned firmly forward” following the announcement of the Equitas deal. according to Benfield’s latest ‘Lloyd’s Update’ report,t following the transfer of …

NCAR Study Foresees No Summer Arctic Ice by 2040

According to the latest study by a team of scientists from the National Center for Atmospheric Research (NCAR), the University of Washington, and McGill University, the Arctic ice pack is recovering less and less from summer melting. By 2040 the …

Best Affirms Endurance Ratings; Raises Outlook to Positive

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of Bermuda-based Endurance Specialty Insurance Ltd. and its operating affiliates. Best also affirmed the ICR of “bbb-” of Endurance …

Best Affirms RenRe Ltd., Europe FSR Ratings; Raises Debt Ratings to ‘a+’; Outlook Positive

A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and upgraded the issuer credit ratings (ICR) to “a+” from “a” of Renaissance Reinsurance Ltd. and Dublin-based Renaissance Reinsurance of Europe. Best also upgraded the ICR to …

Swiss Re Buys 26% Stake in Indian Health Care Provider

Swiss Re has signed an agreement with TTK Group and India Value Funds Advisors (IVF) to purchase a 26 percent stake in TTK Healthcare Services Pvt Ltd (TTKHCS), one of India’s leading health insurance third party administrators. “TTKHCS provides Indian …

Palm Beach Man Accused of Underreporting Workers’ Comp Payroll

Ronald Salvatore Mauro, 64, of South Palm Beach, was arrested last week following an investigation by the Florida Department of Financial Services, Division of Insurance Fraud, according to officials. Officials said the owner and operator of Ron Mor Drywall Inc. …

National Group Says W.Va. is Getting Less Healthy

More West Virginians without health insurance and longtime problems with smoking and obesity have led a national group to drop the Mountain State’s ranking to 43rd healthiest in the country. That’s a drop of two places from last year’s study …

Lost in translation

Global businesses need integrated insurance solutions to ensure adequate protection A U.S. company has purchased a manufacturing plant in China as part of a global expansion. Now, it needs property insurance for that facility, and it’s the insurance agent’s job …

It’s ‘haves’ vs. ‘have-nots’ in insurance technology race for survival

Spurred by intensifying competition, breakthroughs in analytics are transforming insurance markets, according to an industry leader. Sophisticated insurers able to harness large volumes of high-quality data to drive decision making can look forward to a long and prosperous future, said …