A decline in shares of Japanese non-life insurers including MS&AD Insurance Group [Mitsui Sumitomo] is expected to be temporary as the impact on their earnings of the earthquake and tsunami in northeast Japan should be limited, analysts said. The record …
The unexpected nature of this week’s earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top catastrophe risk modeling firms said Saturday. About $24 …
Shares in European insurers fell steeply on Monday after analysts estimated over the weekend that the Japanese earthquake could cost the industry nearly $35 billion, making it one of the most expensive disasters ever. The Stoxx 600 European Insurance Share …
Boston-based catastrophe modeling firm AIR Worldwide’s most recent statement, based on “currently available information, estimates that insured property losses from the Mw9.1 earthquake that struck Japan on Friday will range between 1.2 trillion JPY to 2.8 trillion JPY. Using today’s …
San Diego, CA, 3/14/11 – American Claims Management, Inc. (ACM) announced a new business relationship with SPARTA Insurance. Effective March 1, 2011, ACM began handling workers’ compensation claims for policies written through Arrowhead General Insurance Agency, Inc. ACM will be …
A U.S. Appeals Court agreed Friday to speed up the timetable for the Obama administration’s appeal of a federal judge’s ruling that struck down landmark healthcare overhaul law. The Court of Appeals for the 11th Circuit in Atlanta said it …
Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during January 2011 include seven license revocations, four license denials and fines and restitution totaling $373,523. Commissioner’s orders are subject to appeal to state district court. Final Disciplinary …
The full Oklahoma Senate has approved Senate Bill 878, a workers’ compensation bill authored by Sen. Patrick Anderson, R-Enid, and Sen. Anthony Sykes, R-Moore, the Senate announced. The bill was crafted in coordination with Governor Mary Fallin’s Workers’ Compensation Study …
The Federal Emergency Management Agency is offering a reprieve to property owners in southwestern Illinois and other areas guarded by aging levees that it had considered decertifying, staving off fears that some could have been forced to buy flood insurance. …
The state auditor general will be sent a resolution approved by the Illinois House ordering an audit of Illinois’ workers’ compensation program. The Bellville News-Democrat reports that the Illinois House voted 111-0 on Mar. 10 for an audit of the …
