The long awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural catastrophes. “Where there’s loss activity, you’ll certainly see rate raises,” …
Experts agree that the world’s climate is changing, but the debate continues about the causes and consequences. Multiple interactive factors are involved. The oceans warm and cool, the sun goes through an 11-year cycle, high altitude winds and ocean currents …
Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its insurers, la Réuniuon Aerienne*, are currently stalled. Lawsuits have …
Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its insurers, la Réuniuon Aerienne*, are currently stalled. Lawsuits have …
Confirming plans announced in a “Discussion Document” in October 1999, Lloyd’s officially opened its doors to brokers from outside the London community for the first time in its 300-year history. Lloyds’ “Broker Accreditation Application Form” and its accompanying 28-page guide …
The taxation of foreign insurers, reinsurers, captives banks and financial service providers, involves some very complex international issues, heavily charged with “political considerations.” HR 4192, or the Johnson/Neal Bill, aims at ending “favorable tax treatment” for foreign-based insurers, principally those …
On Oct. 24, Lloyd’s and the International Underwriting Association (IUA) announced that they had selected Xchanging, an Internet and information technology specialist, as a partner in a joint venture to develop and operate a unified premium processing and claims service …
It looks like the Lutine Bell will continue to ring at Lloyd’s for a while longer, as it no doubt did on Nov. 3, when Justice Peter Cresswell of London’s High Court announced his long-awaited decision in the Jaffray case. …
A domain (from Old French demesne) once meant owning a specific piece of ground—real dirt with a castle on it. Not anymore. Virtual properties are now as valuable as real ones. Need more proof? On Nov. 22, Colliers CRE, an …
“Right now we think we’re ahead of the States in [online] personal lines,” said James Harrison, Chief Operating Officer of the U.K.’s InsuranceWide (IW) www.insurancewide.com. He might be right. Even with insurance websites becoming almost as ubiquitous as McDonald’s, and …
