The Solvency II reforms, as currently proposed, “would reduce the amount of insurance capacity available to UK businesses and put up the cost of cover,” according to the UK’s AIRMIC (the Association of Insurance and Risk Managers). “As a result …
The Illinois Department of Insurance has developed a “Top Ten” list of changes to the performance, transparency and accountability of health insurers and health insurance products in Illinois expected to result from national health care reform. “While speculation and mythology …
A bulletin from Marsh’s London office notes that “following a prolonged period of inactivity for Initial Public Offerings (IPOs) as a result of the global recession…early signs of economic recovery and new rules for UK firms listing on the London …
The National Alliance for Insurance Education & Research has appointed Rob Weidert regional relationship manager. Weidert is a licensed agent and broker in California and New York. He began his insurance career more than 12 years ago as a commercial …
Bermuda-based AXIS Capital Holdings Limited announced that its indirect, wholly-owned subsidiary, AXIS Specialty Finance LLC, has priced an offering of $500 million aggregate principal amount of its 5.875 percent Senior Notes due 2020, fully and unconditionally guaranteed by AXIS Capital, …
A jury that decided a Texas A&M University student was texting while driving and caused a deadly wreck has ordered him to pay $22 million in damages. The victim, Megan Small of Houston, was a senior at Baylor University and …
As the NCAA men’s basketball tournament tipped off, one could say that Cookeville, Tennessee insurance agent Gary Maxwell had the best seat in the house. No, he wasn’t sitting courtside or in a luxury box of any kind; he was …
A new national survey finds that California’s lawsuit climate is among the worst in the country and on par with states including Alabama, Louisiana, and West Virginia. Among local jurisdictions, Los Angeles’ courts were mentioned as the second worst in …
Officials at a South Carolina university say a fire in a building that featured high-tech classrooms will cost at least $4.5 million to repair. The Herald of Rock Hill reported that Winthrop University officials said it will cost $1.5 million …
Federal Emergency Management Agency (FEMA) Administrator Craig Fugate visited North Dakota to observe operations in response to Red River flooding and meet with North Dakota Governor John Hoeven, U.S. Senators Kent Conrad and Byron Dorgan, U.S. Representative Earl Pomeroy, and …
