Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff announced this week. Recipients will have to …
A man paralyzed in a car crash after a night of underage drinking can sue the bars that served him alcohol, the state’s highest court has ruled. The Supreme Judicial Court rejected claims by Robert Nunez that two North Shore …
Pomp and circumstance ruled the day as Delaware lawmakers began a new session of the General Assembly on Tuesday, with only a smattering of legislative business. Families and friends packed into the House and Senate chambers as incumbent lawmakers who …
The Independent Agents Association of Delaware (IIAD) and the Insurance Agents & Brokers of Delaware (IA&B of DE) have agreed to merge their memberships. “Our members have clearly told us that they want a single organization to represent their interests …
Leaders of the property/casualty insurance industry expect Congress to extend the Terrorism Risk and Insurance Act in 2007, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 11th annual Property/Casualty Insurance Joint Industry Forum. Eighty-nine percent …
Mercator Risk Services, a wholesale insurance broker with offices in Atlanta, Chicago, New York and San Francisco, has opened an office in Boynton Beach, Florida. Industry veteran Al Colosimo, currently serving as a managing director at Mercator, will head the …
Swiss Re’s newly issued “Global Risks 2007” report highlights “a growing disconnect between the power of global risks to cause major systemic disruption, and our ability to mitigate them.” The report – published by the World Economic Forum in cooperation …
A.M. Best Co. has affirmed the financial strength rating of “A”- (Excellent) and the issuer credit rating (ICR) of “a-” for Hong Kong-based China International Reinsurance Company Limited (CIRe). The outlook on both ratings has been revised to stable from …
A.M. Best Co. announced that it has affirmed all of its applicable ratings on Hiscox and its separate operating entities, following the move of its corporate domicile to Bermuda from the UK. Best gave the following information on the ratings …
Insurance Australia Group Limited announced that it has completed the purchase of the UK auto underwriter and broker Equity Insurance Group (See IJ web site Dec. 6), as of Jan. 8, 2007. IAG noted that the total consideration was, as …
