Tennessee regulators have issued a new form to allow large companies to qualify as an exempt commercial risk policyholder and purchase insurance that is not regulated by the state. As of July 1, a new section was added to Tennessee’s …
Mississippi residents along the state’s coastline who are building new homes or chose to strengthen their current homes against hurricane damage can now qualify for premium credits from their property insurer. Under a new law that took effect last month, …
CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, has appointed Edward Carroll as director of underwriting. Carroll brings 18 years of experience to his role, most recently as a senior underwriting officer at Chubb Specialty …
Captive insurance firms in the United States are feeling the squeeze of an ongoing soft insurance market, low investment yields and a bleak global financial picture, a new report revealed. A composite of 209 U.S. captive insurance entities and alternative …
West Virginia health officials believe three people died as a result of derecho storm that swept through the state during a major heat wave in June. Dr. Marian Swinker, state commissioner for public health, says a review of hospital records …
Melville, N.Y.-based WKFC Underwriting Managers has appointed Adam Schnell as chief casualty officer. In his new role, Schnell will focus on developing new casualty product offerings with an emphasis on products liability and contractor classes of business.Prior to joining WKFC, …
The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of American International Group stock, cutting the government’s stake in the bailed-out insurer to 55 percent. The sale, which would bring a profit of …
The government’s consumer finance watchdog is investigating mortgage insurance deals between banks and the insurers American International Group Inc., MGIC Investment Corp. and Genworth Financial Inc. The three companies said in public filings last week that they had received subpoenas …
Selected earnings highlights from Bermuda-based RenaissanceRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $667.336 mn $641.563 mn Net premiums written ————— $427.630 mn $427.995 mn …
Willis Group Holdings latest Executive Risks Boardroom Guide warns that, as the online universe expands it has “introduced new financial risks that may not be covered under general and professional liability insurance, including standard directors’ and officers’ (D&O) policies. “As …
