Monthly Archives: <span>February 2008</span>

Lloyd’s is a UK Leading Business Brand

Lloyd’s announced that it has been selected as “one of the UK’s strongest business brands…and the highest rated insurance organization – in the Business Superbrands 2008 list.” Lloyd’s described the selection process as “robust.” It polled “the views of an …

Aon Review Sees Harder Aviation Market

Aon’s “Airline Insurance Market Review of 2007” cites the “high level of hull and liability claims, at US$1.7 billion, coupled with the lowest amount of lead hull and liability premium since 2000 (US$1.5 billion),” as the reason the “airline insurance …

China’s Ping An May Scale Back Massive Share Offer

China life insurer Ping An Insurance, under pressure from regulators, indicated it might scale back or postpone a massive $17 billion share issue, sending its shares sharply higher on Tuesday. The China Securities Regulatory Commission (CSRC), in a fresh bid …

Sky Is Falling: What’s the Chance of Space Debris Hitting Earthlings?

Giant chunks of manmade space junk — like the dead satellite that the U.S. government recently shot down — regularly fall to Earth. Yet no one has ever been reported hurt by them. Chunks of debris weighing two tons or …

States Stretch Family Health Policies to Cover Young Adults

Thomas Mahoney came out of a seizure last December surrounded by paramedics ready to take him to the hospital by ambulance. Mindful of the cost, he asked his mom and girlfriend to drive him instead, slipping in and out of …

Former Zurich Senior Executive Joins Mystic Capital

New York (Feb. 27, 2008) – Mystic Capital Advisors Group, LLC is thrilled to announce the addition of insurance industry dynamo Barry J. Gilway to its investment banking group. The former Zurich executive brings more than 37 years of insurance …

Industry Groups Call Calif. Auto Repair Bill “Anti-Consumer”

The Association of California Insurance Companies, the American Insurance Association and the Personal Insurance Federation of California have announced their opposition to California Senate Bill 1167, a bill that the groups say would deny consumers vital information about longer guarantees …

Ratings Roundup: Sun Hung Kai, Zurich

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Sun Hung Kai Properties Insurance Limited (SHKPI) with a stable outlook. “The ratings reflect the company’s consistent positive operating …

Ala. Gov. Appeals FEMA Decision on Jackson County Storm Damages

Alabama Gov. Bob Riley said he will appeal a decision by the Federal Emergency Management Agency to deny federal disaster assistance to tornado victims in Jackson County. “I’ve discussed this issue with local leaders in Jackson County as well as …

Lexington Insurance Co. Adds New Product LexElite Eco-Homeownersm

Lexington Insurance Co., an American International Group company, today announced LexElite Eco-Homeownersm, insurance for homeowners generating their own power using geothermal, solar or wind systems. LexElite Eco-Homeowner also provides industry-leading coverage for eco-landscaping, plantings used to provide shade or influence …