Forced asset sales that have frozen major markets in the credit crisis have caused barely a ripple in the $22 billion catastrophe bond market this year and instead only enhanced its liquidity. Goldman Sachs estimates secondary trading volumes are up …
Oregon’s Department of Consumer and Business Services Insurance Division has published the 2007 Annual Complaint Statistics, ranking major insurers based on their complaint records in six common lines of insurance: personal auto, health, homeowner, life, annuities, and long-term care. This …
A congressional report found two out of three work-related illnesses and injuries may be going unreported, and called into question federal regulators’ claims that workplace problems are declining. The House Committee on Education and Labor, which released the report in …
California Insurance Commissioner Steve Poizner deployed Department of Insurance (CDI) consumer information experts to help Butte County fire survivors with recovery efforts. Governor Schwarzenegger announced the creation of one-stop local assistance centers in Butte County this week. Commissioner Poizner has …
Hundreds of wildfires sparked by lightning have flared across the heart of wine country and remote forests in Northern California, the latest batch of destructive blazes in the bone-dry state. As of Monday, June 23, 2008, there were more than …
Conover Insurance of Kirkland, Wash., named C. Ned Anderton an account executive in the Employee Benefits Division. He will reduce the complexity of employee benefit programs for his clients and to provide creative solutions to rising costs and client education. …
There are 152 Super Regional Property/Casualty Insurers™ in the country, with American Family Mutual Insurance Co. at the top of the list. This year marks the second year that the actuarial services firm Demotech Inc., as Insurance Journal’s official research …
Poms & Associates Insurance Brokers Inc. of Woodland Hills, Calif., named Seth Ford Gilman and Bryce W. Eddy vice presidents, to work out of the company’s headquarters. Gilman is responsible for new business development and managing client relationships in the …
Buffalo, New York-based insurance wholesaler Russell Bond & Co. has opened a new branch office in Hamilton, New Jersey. Called the Financial Institutions Underwriting Office, the new branch holds binding authorities on behalf of underwriters at Lloyd’s London for mortgage …
The U.S. medical device industry’s worst short-term fear may be actor Dennis Quaid. Quaid last month urged Congress to preserve patients’ rights to sue drug and device makers in state courts, after his twin newborns nearly died after accidentally overdosing …
