The Annual Reinsurance Rendezvous in Monte Carlo convened this weekend amid concerns over the ongoing credit crisis, the softening of the market and the onslaught of storms in the Caribbean. The current climate for the reinsurance industry is decidedly mixed. …
A 2008 filing most insurance carriers will use to develop rates for workers’ compensation coverage shows the third straight decrease in loss costs, Department of Insurance Commissioner Sharon P. Clark announced. The loss cost figures show an average reduction of …
U.S. prosecutors said a scheme to manipulate the financial statements of the world’s largest insurance company, American International Group Inc., resulted in a loss of more than $1 billion to investors. Four former executives of General Re Corp. and a …
A disaster recovery center has opened for Florida residents and business owners in Seminole County who were affected by Tropical Storm Fay. Crews from the Federal Emergency Management Agency and the State Emergency Response Team will help staff the center …
A West Tennessee prosecutor will not say whether he intends to press charges in the case of an Oakland police dog whose death may have been faked to collect a $5,000 insurance benefit. The Tennessee Bureau of Investigation announced Aug. …
McAuley Woods and Associates recently announced that it has completed negotiations with Adrian Smith, CEO of Geneva Risk Services, to open McAuley Woods of the Midwest. Adrian’s current team of producers and account managers will join him to begin operations …
Michigan-based Meadowbrook Insurance Group, Inc. recently announced today that its founder and chairman, Merton J. Segal, will retire as an employee of the company effective Sept. 30, 2008. Segal, 79 years old, founded Meadowbrook in 1955 as Meadowbrook Insurance Agency. …
Tropical Storm Hanna blew ashore over tourist beaches on the North-South Carolina border early on Sept. 6 at the start of a projected dash up the Eastern Seaboard. The National Hurricane Center in Miami said Hanna’s center came on land …
In what has developed into a proactive preparedness pattern, Florida Gov. Charlie Crist announced another in a series of emergency declarations in the face of oncoming hurricanes and tropical storms — this time in anticipation of Hurricane Ike. As Ike …
Darker economic clouds are gathering over the world’s reinsurers as they travel to the Mediterranean coast this weekend to kick-off crucial pricing discussions with their insurance clients in Monte Carlo. Reinsurers should fly down to the south of France in …
