Monthly Archives: <span>July 2009</span>

Florida Signs Insurance Regulation Pact with United Kingdom

The Florida Office of Insurance Regulation (OIR) and the United Kingdom Financial Services Authority (FSA) have agreed to work together on issues that affect insurance consumers in the U.K. and the U.S. Florida Insurance Commissioner Kevin McCarty said the OIR …

North Carolina Bill Allows Consumers to Freeze Credit Reports for Free

North Carolina consumers could soon be able to place a security freeze on their credit reports for free in legislation awaiting Gov. Beverly Perdue’s signature. The Senate gave final legislative approval to expand the state’s 2005 anti-identity theft protection law. …

Report: Federal Safety Agency Withheld Data on Dangers of Distracted Driving

The National Highway Traffic Safety Administration gathered hundreds of pages of research and warnings about the hazards of drivers using cell phones, but withheld the information from the public in 2003 in part out of fear of angering Congress, The …

UK’s Miller Launches Facultative Reinsurance Capability in Singapore

The UK-based broker Miller Insurance Services Limited announced that it will now be offering facultative reinsurance capability out of its Singapore office following the additions of Nigel Cross and Adam Fuller. Cross joins Miller Singapore as Head of Asia Facultative …

Int’l. Chamber of Commerce Lauds Recent G8 Steps on Climate Change

The International Chamber of Commerce (ICC) has published a bulletin welcoming the steps taken by G8 leaders at the recent summit in L’Aquila, Italy “to develop an effective response to climate change that meets economic, social and energy needs, most …

Validus Opens European Office

Bermuda-based Validus Holdings, Ltd. has opened a European reinsurance representative office located in Hamburg, Germany. The new office will represent Validus Reinsurance, Ltd. (Validus Re), the Group’s Bermuda-based reinsurance operating subsidiary, which focuses on short-tail classes of business, including property, …

Report Finds People the ‘Weak Link’ in Cybersecurity

The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released Wednesday. About half of all companies block some or all …

National Specialty Underwriters Named a ‘Best Company to Work For’ in Washington

Bellevue, Wash.-based National Specialty Underwriters Inc. (NSU) was named one of Washington’s “2009 Best Companies to Work For” by Seattle Business Magazine. The publication chose 100 finalists in its search. More than 10,000 employees from nominated companies completed anonymous surveys …

Securities Class Actions Decline; More Foreign Firms Targeted

Federal securities class action activity declined in the first half of 2009, with a particularly significant decline in the second quarter. According to Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research, a total of 87 federal securities class …

The Hartford Rolls Out AARP Auto Product Through Independent Agents

The Hartford Financial Services Group Inc. is now offering AARP-branded auto insurance through select, authorized independent agents. Previously, the insurance was only available directly from The Hartford by phone, Internet or mail. The decision to expand through the agent channel …