When Michigan officials recently reinterpreted state law to stop nonresidents from getting driver’s licenses, critics said it had an unintended consequence. The crackdown, intended to target illegal immigrants, also affected legal immigrants who are not permanent residents, including employees from …
France’s SCOR Group said it has reached its objective for “successfully consolidating two strong independent reinsurance groups into one leading franchise at this year’s January renewals.” 78 percent of the Group’s combined non-life reinsurance treaties were successfully renewed. SCOR listed …
A.M. Best Co. announced that it is issuing “Takaful (Shari’a Compliant) Insurance Companies”, a rating methodology which outlines the application of Best’s core financial strength rating methodology to takaful insurance companies. Best explained that takaful insurance, which complies with Islamic …
Risk Management Solutions (RMS) announced the launch of “the first parametric index for assessing insured industry losses from windstorms in Europe.” The new model -” Paradex Europe Windstorm” – combines “wind speed measurements in specific locations with industry exposure data, …
Marsh’s London office announced the appointment of Gordon Springett as Leader of its Power and Utility Practice for Europe, Middle East and Africa (EMEA). He takes over from Mark Pollard, who was recently appointed Head of Industry, EMEA. Marsh noted …
The Association of British Insurers (ABI) warned that government plans to construct new homes on flood plains have not given sufficient consideration of the hazards involved. Justin Jacobs, the ABI’s Assistant Director of Property, speaking at the Architects Journal Conference, …
North Dakota Insurance Commissioner Adam Hamm says he’ll be running for his first full term in the job. Gov. John Hoeven appointed Hamm last October. He replaced former Commissioner Jim Poolman, who resigned to become an insurance industry consultant. Hamm …
CDS Business Mapping LLC, added Maryland and Virginia to its RiskMeter Online storm surge report. By adding these states, RiskMeter Online now offers real-time, storm surge reports for the entire Atlantic and Gulf coasts, as well as Hawaii and Puerto …
Physicians Insurance A Mutual Company has named Dennis Olson as vice president, risk management. Olson has relocated from Oregon, where he was director of corporate compliance and workers’ compensation at Health Future LLC, and corporate compliance and risk officer at …
A.M. Best Co. has placed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of the domestic life and retirement services subsidiaries of American International Group (AIG) under review with negative implications. In addition, …
