January 5, 2010
Bills to improve health care, protect consumers, ban the use of credit scoring , streamline the licensing of agents and brokers, and broadening the definition of what’s considered “emergency care” are all on Washington’s Office of the Insurance Commissioner’s (OIC) …
January 5, 2010
Swiss Re has entered into a transaction with Redwood Capital XI Ltd., a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million in the event of a California earthquake in the covered …
January 5, 2010
Insurance companies must pay the legal costs of consumer challenges to insurance rate increases, even if they withdraw or settle challenges to rate applications before a formal hearing on their application is called, a California Court of Appeal has ruled. …
January 5, 2010
Authorities declared two flooded farming regions in southwestern Australia natural disaster zones Monday as residents in one town nervously watched a rising river in hopes that it wouldn’t break its levees. Parts of Coonamble and Bourke districts in New South …
January 5, 2010
Georgia Insurance Commissioner John Oxendine’s office has begun a criminal investigation into the business practices of M. Clark Fain, III, the former chief executive officer of Southeastern U.S. Insurance, Inc. (SEUS), a workers’ compensation company. The investigation follows an Oct. …
January 5, 2010
The Solomon Islands were shaken by a string of earthquakes Monday – including one registering a powerful 7.2 magnitude – but officials in the South Pacific country said there were no immediate reports of injuries or widespread damage. The tremors …
January 5, 2010
The Philippines has ordered its seafarers, comprising about a third of the world’s commercial sailors, to go through anti-piracy training before they will be allowed to board ships, the labor secretary said Monday. The training, which lasts about eight hours, …
January 5, 2010
The Bermuda-based Max Capital Group announced the appointment of Joseph (Joe) Monk as Global Chief Actuary. He joins Max from Lane Clark & Peacock LLP (LCP), where he was head of insurance consulting. Monk joined LCP in 1995 after graduating …
January 4, 2010
Students at two high schools in southwestern Idaho are getting grants to launch campaigns aimed at preventing reckless teen driving. State Farm Insurance says Melba High School and Kuna High School are among the 20 schools in the Pacific Northwest …
January 4, 2010
City officials in Lincoln, Neb., say an upgrade in Lincoln’s rating will save property owners more money on their flood insurance. A news release from the office of Mayor Chris Beutler says the city rating went from class 7 up …