Mississippi might join three dozen other states in requiring that cigarettes extinguish themselves if left unattended. The so-called “fire-safe cigarettes” are made with two or three bands of less-porous paper. The Coalition for Fire Safe Cigarettes is a national group …
The $173 billion government rescue of American International Group Inc. is stoking resentment among investors who see it as a backdoor taxpayer bailout of Goldman Sachs Group Inc. and other banks. Six months after the government stepped in save an …
The Bermuda-based Max Capital Group announced that the return on its alternative investments for the two months ended February 28, 2009 is expected to be approximately 2 percent, or an increase in value of approximately $18 million. Max said the …
A bulletin from the Chubb Corp. notes that “as pirates increasingly target cargo vessels in the Gulf of Aden, owners are struggling to pay escalating ransom demands—putting their crews at risk, an insurance executive told nearly 100 Korean ship owners …
Federal Reserve Chairman Ben Bernanke Tuesday said leaders from the Group of 20 rich and developing economies should agree early next month on principles to guide nations as they revamp financial rules to prevent future crises. Finance ministers from the …
London-based Oxygen Insurance Brokers has announced the creation of a Facilities broking team, headed up by Donald Alcorn and Jonathan Woods. The team “will place bespoke binding authorities for UK/European cover-holders into the Lloyd’s and company markets,” said the bulletin. …
The Bermuda-based Everest Re Group has appointed Mark Herman as President of its newly-created Everest Specialty Underwriters, effective immediately. The new division is based in New York and “will focus its attention on the professional lines markets, specifically directors and …
Getting into a bar in Utah is about to become a lot easier. Legislative leaders and Gov. Jon Huntsman agreed to eliminate the state’s much-criticized private club system. Utah is the only state in the country that requires someone to …
Target Markets Program Administrators Association, Wilmington, DE. With keynote speaker Ben Stein commenting on the current state of our economy, and John Amore (CEO General Insurance, Zurich Financial Services) providing an outlook on the state of the insurance industry, the …
The Insurance Marketing and Communications Association (IMCA) issued its Call for Entries for the 2009 IMCA Showcase Awards, which takes place during IMCA’s Annual Meeting in Seattle in late June. IMCA Showcase Awards recognize the best examples of insurance marketing …
