Insurance agents will be required to notify the state if they have been disciplined by any non-governmental regulatory agency under a new law signed yesterday. The new law requires insurance producers licensed in New Jersey to report to the commissioner …
The struggling Irish economy heard some good news last week when XL announced that it is moving its place of incorporation to the Emerald Isle from the Cayman Islands, and will rename the company XL Group plc. Many of its …
A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK), Bermuda-based Aspen Insurance Limited (AIL), and Aspen Specialty Insurance Company (ASIC), which is based …
Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The transfer is retroactive to October 1, 2009. Swis …
Tom Considine has been nominated as New Jersey’s banking and insurance commissioner. Considine, a MetLife vice president, was named to the job by incoming Gov. Chris Christie. Christie praised Considine for his extensive government relations and financial services experience. The …
Somali pirates released a Greek supertanker and its crew of 28 on Monday after a rival pirate group attacked the pirates onboard in an unsuccessful attempt to steal the ransom, the spokesman for the European Union’s anti-piracy force said. Cmdr. …
The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and not renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder Insurance …
Insurance industry veteran and National Association of Professional Lines Offices (NAPSLO) founder A. Mason Blodgett died peacefully on Jan. 14, 2010, at age 94. Blodgett’s insurance career spanned more than seven decades. It began in Boston in 1932 with “little …
Although Oregon is among the states at highest risk for a major earthquake, only about 20 percent of Oregonians have earthquake insurance, according to a Department of Consumer and Business Services (DCBS) survey. “Consumers may want to think about their …
Union General Insurance Services of Concord, Calif., has a property market available to California agents. Property coverage is provided by an “A+” rated carrier for all types of small- and medium-sized commercial risks. Coverage is also available for vacant dwellings …
