By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in Oct. 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas-based HM Capital has a controlling interest …
From Nov. 2005 to Nov. 2006, the number of federal flood policies jumped more than 13 percent, far more than normal. Remapping California flood zones might spur wave of policy sales Homeowners who witnessed the devastation wrought by Hurricane Katrina …
Insurance emergency “During this state of emergency, I want to ensure that our farming communities avoid the red tape and get paid quickly so they can get back to the business of farming” — California Commissioner Steve Poizner, on proclaiming …
Lloyd’s of London announced that Julian James, director-worldwide markets, will be leaving at the end of April to join Lockton International. He has been responsible for all Lloyd’s commercial activities outside the United Kingdom, including managing the company’s 72 trading …
Calif. reaches resolution with insurers over legal fees The California Department of Insurance has reached a resolution of its obligation to pay attorneys’ fees to two of the insurance companies that challenged the constitutionality of the landmark Holocaust Victims Insurance …
Biggest U.S. property cat losses in 2006 were away from coasts Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the …
More than 100 spots around Hawaii, from Oahu’s Sunset Beach to Kihei Commercial Center on Maui, lack emergency sires needed to warn people about tsunami and other natural disasters. A state Civil Defense Agency list obtained by the Honolulu Star-Bulletin …
To some outsiders, insurance agents are threatened with obsolescence. Commoditized products, the information available online and the decreasing value placed on personal relationships could lead insureds to devalue the role of agents and, instead, make decisions on their own. A …
Calif. Insurance Commissioner Poizner sworn in Steve Poizner took his oath of office on Jan. 8, becoming California’s new Insurance Commissioner. During his remarks, Poizner vowed to make the office bi-partisan, to lower insurance rates by combating fraud and to …
Additional Insureds Alpha Holdings Ltd. v. Travelers Indemnity (California Court of Appeals, Second District, July 13, 2006) Ruling: This case involved a declaratory judgment action on insurance coverage under a vendor’s endorsement purporting to provide protection against product liability litigation. …
