Willis Re, the reinsurance operations of Willis Group Holdings, has released new research analyzing the risk to the underwriting portfolios of professional liability re/insurance Underwriters stemming from the sub-prime crisis and subsequent global credit crunch. Willis Re’s Professional Liability Practice …
Munich Re announced the establishment of a bond program amounting to $1.5 billion for the transfer of extreme mortality risk to the capital markets. The placement marks the first time that Munich Re has set up a cat bond program …
Germany’s Allianz SE has released its official earnings report for 2007, which shows some declines from the preliminary earnings announcement it released last month (See IJ web site – https://www.insurancejournal.com/news/international/2008/01/25/86706.htm). Net income for the fourth quarter of 2007 fell 51.5 …
Zurich’s North American division announced that it is providing political risk insurance (PRI) for carbon credit projects, as part of its expanding coverage of political risk and trade credit insurance in emerging markets. “This is the first time Zurich has …
Relatives of a man who died two weeks after eating oysters for his 60th birthday dinner are suing the state health department and a Denham Springs restaurant, claiming negligence. The family of James Sartwell, in its lawsuit, claims Don’s Seafood …
Portage Public Schools is reporting that hamburger from the largest beef recall ever in the United States had earlier been served to its students, and some other Michigan districts say they also got meat now involved in the recall. No …
Former Oklahoma Insurance Commissioner Carroll Fisher is waiving his right to a preliminary hearing on a felony charge of tax evasion. Fisher appeared in Tulsa County District Court on Tuesday on a charge alleging he filed a false state tax …
State and local agencies and some nonprofit organizations will get more than $3.2 million in federal aid after a severe winter storm last December. The Federal Emergency Management Agency and Iowa Homeland Security and Emergency Management Division announced the grants …
Individuals and business entities licensed to transact insurance business in West Virginia now have the capability of printing their new or renewed insurance licenses from the convenience of a personal computer, says Insurance Commissioner, Jane L. Cline. License cards will …
16 Years of Service February 21, 2008 – QualCorp, Inc has hit another milestone in celebrating 16 years of serving the insurance community by offering the most technically advanced software solutions. After starting as a third party administrator (T.P.A.) in …
