In the hours leading up to the opening of a special legislative session in Tallahassee aimed at slowing Florida’s rising insurance costs, lobbyists, elected officials and citizens weighed in on ways to resolve the crisis. The session began at 1 …
The UK’s Financial Services Authority (FSA) has issued a warning to insurance firms to stop using savings claims which could mislead consumers in their advertising or face regulatory action. The FSA said the “warning from the financial watchdog follows a …
Hannover Re has increased its underwriting capacity for catastrophe risks through a $106 million capital market securitization, which “boosted the volume of last year’s “K5″ risk securitization to $520 million,” said the announcement. “The transaction was placed with institutional investors …
Despite claims by business and medical lobbying interests, there is no medical malpractice lawsuit crisis in America, according to analysis released by Ralph Nader’s national group, Public Citizen. But there is a problem with a small group of doctors who …
The Insurance Industry Charitable Foundation has named Haleh Nazeri as executive director of its newly launched New York Division. Nazeri is the first executive director of the New York Division. In this full-time position she will guide the development and …
Senator John Ensign, R-Nev., has introduced the Medical Care Access Protection (MCAP) Act of 2007, which would set a cap on non-economic damages in medcial mapractice lawsuits. “Medical liability reform works, and it’s turning the tide against frivolous lawsuits and …
There was no sprinkler system in the five-story apartment building where fire killed at least seven people, including a child, fire officials said. “I think they would have made a huge difference,” Fire Chief Greg Fuller told reporters. While sprinklers …
QualCorp, Inc. announces that they have just released a reporting tool that makes the on-going chore of mining data out of the industry’s most widely used agency management systems straight forward and simple. By using a simple 6-step query/filter process …
Clem Booth, a member of the management board of Allianz, SE, has been designated the 2007 chair of ACORD’s board of directors. John Kellington, chief technology officer and senior vice president of Ohio Casualty Group, has been selected as the …
Former State Representative Scott Hummel of DeWitt, Mich. has been named vice president of Governmental Affairs for the Michigan Association of Insurance Agents. Hummel was first elected to the 93rd District of the House of Representatives in a special election …
