Bermuda-based Alterra Capital Holdings Limited has announced the appointment of Mark Abrahams as Property Insurance Underwriting Manager for Syndicate 1400 at Alterra at Lloyd’s Limited. He has more than 15 years of experience in Property insurance underwriting, most recently as …
The Markets Group of Alliant Insurance Services has compiled a comprehensive report – the 2011 Global Macro Risk Ratings – which examines the the insurable political and economic risks in 175 countries. Alliant noted that the report comprises “some 1,300 …
Swiss Re has released a preliminary estimate of its claims costs, net of retrocession and before tax, from the earthquake and the tsunami in Japan of $1.2 billion. The reinsurer cautioned that these “estimates are subject to a high degree …
This report is all about opportunities. If you see opportunity where others see failure, or feel hot where others feel cold, this list may be for you. IBISWorld identifies these as 10 dying industries: Wired Telecommunications Carriers Mills Newspaper Publishing …
Tsunami waves following Japan’s massive earthquake are estimated to have caused more than $50 million in damage in the Western United States, according to local officials. In Hawaii, Gov. Neil Abercrombie issued an emergency proclamation that will allow the state …
Taking a proactive stance against “crash taxes,” Utah legislators have approved a measure to restrict emergency response organizations such as fire and police from charging fees to motorist or insurers for accident response costs. The Emergency Responder Fees bill, SB …
Oregon will receive about $3.6 million as part of a multi-state settlement with the American International Group over misreporting of workers’ compensation insurance premiums. A two-year examination of AIG and its Chartis insurance companies found the companies misreported $2.12 billion …
Jennifer McPhillips was promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the association’s Democrat lobbyists on the group’s bipartisan Capitol Hill team. …
Insurers and reinsurers may have sufficient funds to absorb losses from Japan’s 9.1 magnitude earthquake, yet the impact of the quake and resulting tsunami and fires are a stark reminder that it’s important to adequately prepare for the quake, as …
IBM wasted no time in parlaying the winning performance of its artificially intelligent Watson on the TV game show “Jeopardy!” into real business. The company recently announced a deal to commercialize Watson’s capabilities by developing a system to help doctors …
