President Barack Obama tried to rejuvenate his stalled U.S. health care overhaul Monday with a revised plan to make insurance coverage more affordable and bolster federal authority to regulate premium hikes. The proposal comes three days ahead of a bipartisan …
Bermuda-based Montpelier Re Holdings Ltd. reported greatly improved fourth quarter and full year financial results. The reinsurer’s fourth quarter net income was $104.7 million ($1.25 per share), compared to a loss of $47.7 million in Q4 2008. For 2009 net …
Several bills up for hearings this week in the Colorado legislature that are being pushed by the Colorado Trial Bar are likely to contribute to frivolous lawsuits that drive up insurance costs for consumers, according to the Property Casualty Insurers …
Fiona Gilvey has been named Head of Sales and Client Development for the Risk Solutions group of Willis UK & Ireland (WUKI), effective immediately. She is based in London, and will be responsible for driving revenue growth in the Major …
Two tax proposals that would have had negative consequences for insurers and policyholders were averted last week as the New Mexico legislature wrapped up its 2010 regular session, according to the Property Casualty Insurers Association of America (PCI). Facing a …
Bermuda-based PartnerRe Ltd. announced that Bruno Meyenhofer, Chairman of PartnerRe Global (the Company’s non-U.S. operations], has advised the Company of his decision to retire, effective March 31, 2010. He joined PartnerRe in 1998, through the Company’s acquisition of Winterthur Re …
Recent policyholder inspections by Citizens Property Insurance Corp. found some homeowners are getting more of a discount for fortifying their homes than they are eligible for. The state-backed insurer looked at 452 policyholders. Of those, more than two-thirds were getting …
A new analysis released by the U.S. Chamber of Commerce’s Institute for 21st Century Energy concludes that, “even if emissions reduction pledges made under the Copenhagen Accord were adopted, the world would still see a significant rise in greenhouse gas …
In a move he says will prevent the addition of policies into Louisiana Citizens Property Insurance Corporation’s book of business, Louisiana Insurance Commissioner Jim Donelon has approved an agreement with The Hanover Insurance Group that will keep Hanover’s 14,000 Louisiana’s …
The Bermuda-based Argo Group International Holdings, Ltd. (the successor company of the Argonaut Group) announced a record result for 2009 with net income rising by 87 percent to $117.5 million, or $3.81 per diluted share from $62.9 million or $2.05 …
