In urging renewal of the federal terrorism reinsurance program, New York City Mayor Michael Bloomberg noted that the city is doing its part. He reported that the N.Y. City police department has built counterterrorism operations that are responding to threats …
Fairfax, Va.-based Public Entity Risk Institute (PERI), a nonprofit risk management training and educational organization, says that risk management operations within government entities have gained a heightened importance according to its survey on Cost of Risk, published last year. The …
Fitch Ratings says it does not believe that individual (re)insurers’ financial or competitive positions will be materially altered under the National Association of Insurance Commissioners’ reinsurance task force’s proposal to revamp regulations governing reinsurers’ collateral requirements and cedants’ corresponding ability …
Noting that an alarming number of accidents occurred on scaffolding suspended from the tops of skyscrapers in New York City last year, city officials recently presented several measures intended to improve safety. In 2006, there were 20 incidents on suspended …
The Insurance Industry Charitable Foundation announced it will be hosting its third annual Club100 Dinner on Thursday, March 8, 2007, at the Getty Center Restaurant in Los Angeles. Attendees will enjoy networking opportunities over wine, hors d’oeuvres, dinner and a …
Massachusetts officials have given the green light to the redomestication of Harleysville Worcester Insurance Co. to Pennsylvania. The company is a subsidiary of Pennsylvania-based Harleysville Insurance Group, whose officials sought the move in order to lower administrative and actuarial costs. …
Although hurricanes have received wide attention in the media, earthquake exposure also should be a significant concern. Forecasts of potential damages indicate that earthquake destruction could be just as massive as that from a major hurricane. History of the hazard …
Paul H. Jones, recognized as “Mr. Insurance of Arizona,” died on Dec. 30, 2006. Jones was born on Oct. 4, 1910, in Los Angeles. He was extremely active in civic activities and served as president of the Tucson YMCA, United …
New Mexico Auditor Hector Balderas wants to send a message to the public and would-be whistleblowers: alert his office to potential fraud, corruption or mismanagement. Balderas, a lawyer and former legislator from Wagon Mound, N.M., has served as auditor for …
Nearly half of California hospital buildings in danger of collapsing during a major earthquake will not meet a state deadline for safety improvements, according to a new study. Standards passed after the deadly 1994 Northridge earthquake in Southern California required …
