Risk Management Solutions announced the addition of Japan earthquake to its existing suite of parametric industry loss indices covering U.S. hurricane, U.S. earthquake, and Europe windstorm. RMS said: “Paradex Japan Earthquake – the first parametric index for this peril region …
Europe’s $1 trillion economic rescue signals a recognition of the threat to the euro currency and a commitment to defending it, former Federal Reserve Chairman Paul Volcker said Tuesday. Volcker, a special adviser to U.S. President Barack Obama, said in …
Flagstone Reinsurance Holdings, S.A. announced that it has completed the previously announced change in the company’s corporate domicile from Bermuda to Luxembourg [See IJ web site – https://www.insurancejournal.com/news/international/2010/05/07/109632.htm ]. “The re-domestication became official following the completion of legal formalities in …
“Lloyd’s China has been granted a license by the China Insurance Regulatory Commission (CIRC) to write direct insurance in addition to their existing reinsurance license,” said a bulletin on its web site (www.lloyds.com). Lloyd’s Chairman Lord Levene announced the licensing …
Lloyd’s CEO Richard Ward issued a warning to insurance chiefs to prepare for a tough year ahead with the fall-out from large scale catastrophes, such as the Chilean earthquake and Transocean oil spill, likely to be felt for months to …
The California Assembly has passed a bill that would allow video recorders to be installed on vehicles’ dashboards. State law currently prohibits dashboard devices that may obstruct a driver’s view. The bill is supported by companies that hire teams of …
A temporary-worker magnate has been charged with scamming the New York State Insurance Fund out of $25 million in payments he owed for workers’ compensation insurance. Eric Goldstein pleaded not guilty Monday to charges including insurance fraud. Manhattan prosecutors say …
Final insurance damage estimates for Colorado’s 2009 summer storm season has been tallied at $1.4 billion, making it the most expensive in state history, according to the Rocky Mountain Insurance Information Association. According to the association’s figures, one July storm …
Freedom Specialty Insurance Co. has named Teresa Black as commercial D&O vice president. She has more than a decade of experience underwriting D&O liability insurance for Reliance National, The Hartford and most recently ACE USA. __ Source: Freedom Specialty
The Insurance Women of North San Diego County announced that its co-president Carola S. Erb was honored with the San Diego Insurance Woman of the Year award at the Greater San Diego I-Day. Erb started her insurance career in 1985 …
