The Federal Emergency Management Agency is preparing a new map of El Paso designating much of the city as a flood plain, a spokeswoman said, which would push thousands of homeowners with mortgages into buying flood insurance. Officials with the …
The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued Insurance Business Survey” noted that although the market has an estimated $150 billion …
Sullivan discusses reinsurance collateralization, surplus lines regulation reform Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of Mother Goose books. He is the third generation to enter …
The insurance industry is over-reacting to Hurricanes Katrina and Rita, threatening the region’s recovery by withdrawing coverage and charging exorbitant rates, Gov. Kathleen Blanco told a gathering of insurance professionals on Feb. 14, 2007. “There are tens of thousands who …
The St. Paul Travelers Companies Inc. has signed a definitive agreement to reacquire its trademark red umbrella, and change its name to The Travelers Companies Inc. After the closing of the transaction, the company will begin trading on the New …
The numbers, or estimates, for the property casualty insurance industry for 2006 are in. Dr Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance Journal’s Andrew Simpson at III’s Joint Property Casualty Insurance Conference …
Arkansas Insurance Commissioner Julie Benafield Bowman announced that suspected insurance fraud ringleader, Frederick Watson, turned himself in to Little Rock Police on Feb. 13, 2007. Watson is alleged to have masterminded a car crash ring operation which defrauded insurance companies …
Sullivan discusses reinsurance collateralization, surplus lines regulation reform Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of Mother Goose books. He is the third generation to enter …
Poolman says regulatory modernization, agent licensing are priorities Currently serving in his second term as North Dakota Insurance Commissioner, Jim Poolman has focused his efforts on working for and protecting insurance consumers across the state. He served eight years in …
Mississippi Attorney General Jim Hood said he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowners and commercial policies in the hurricane-battered state. Hood’s plan would require any company that writes automobile insurance …
