Chubb Corp. has taken the opportunity afforded by the latest thefts of high profile paintings, to offer some new coverage and advice on how to cope with potential ownership disputes involving art works. Chubb, an important player in the field, …
Research and Markets announced the addition of “Snapshots Czech Republic Non-Life Insurance 2008” to their offering, as part of the research firms ‘Snapdata’ series. The report “provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data …
The Bermuda-based Catlin Group Limited has purchased a collateralized US$150 million annual aggregate reinsurance contract to protect the Group’s portfolio of property treaty reinsurance against accumulated losses from specific perils. The bulletin described the transaction as “unusual, as it provides …
The National Association of Mutual Insurance Companies (NAMIC) recently testififed before members of a Kansas Senate panel urging passage of rate modernization legislation. Senate Bill 560 would establish a flex rating system that allows property/casualty insurers to increase or decrease …
A Beaumont, Texas man pleaded guilty to making a false statement to FEMA in seeking disaster relief after Hurricane Rita. Wilyum Henderson, 50, entered the plea in federal court in Beaumont. The U.S. Attorney’s Office said Henderson filed a fake …
Lockton Companies added Mary Guzman to its Atlanta brokerage team as senior vice president and producer for all property and casualty lines. The addition of Guzman expands Lockton’s Atlanta-based professional liability, errors & omissions and cyber-liability, and e-business risk capabilities. …
The Mescalero Apache Tribe in Santa Fe, N.M., contends it overpaid millions of dollars for insurance, alleging the state let an insurance agent operate after the agent was accused of submitting fraudulent documents to sell policies. The tribe has sued …
The U.S. Treasury Department is optimistic that problems in bond insurance will be worked out and progress is being made, a senior Treasury official said Thursday. Treasury Undersecretary for Domestic Finance Robert Steel told the Reuters Housing Summit he was …
The Federal Emergency Management Agency’s plans to designate Sacramento’s fast-growing Natomas sector, north of the Sacramento and American rivers, as a Special Flood Hazard Area AE Zone in December is stirring up widespread concern that the new requirements could amount …
Risk Management Solutions (RMS) and ImageCat, Inc., issued a joint research report Wednesday on the 2007 U.S. wildfire season. With a potential $2.5 billion in insured losses in California alone, last year ranks as one of the costliest wildfire seasons …
