January 7, 2010
Liberty Mutual Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to establish a branch in Zhejiang by the China Insurance Regulatory Commission (CIRC). Liberty Mutual’s Chinese operations are headquartered in Chongqing. The CIRC …
January 7, 2010
Irwin Siegel Agency Inc. (ISA) of Rock Hill. N.Y., has developed a product for foster care and adoption agencies to address the insurance and loss control issues facing this segment. This program is an addition to the current suite of …
January 7, 2010
A bulletin from Risk Management Solutions notes that the fourth quarter of 2009 was the “most active… ever for catastrophe bond issuance, reaching almost $1.1 billion in total volume, eclipsing the previous best fourth quarter by over 75 percent.” RMS …
January 7, 2010
The New Orleans metro area tied for the lowest unemployment rate among the nation’s largest metropolitan areas, according to a report released by the federal Bureau of Labor Statistics. The Louisiana Workforce Commission reported that the unemployment rate for the …
January 7, 2010
Some families in Virginia whose homes were built with suspect drywall from China may be eligible for assistance to help rehabilitate their properties. To qualify, families must have insurance through the Federal Housing Administration. Charles Famuliner, director of the U.S. …
January 7, 2010
Ohio Department of Insurance Director Mary Jo Hudson has suspended the business of Chesapeake Life Insurance Company (Chesapeake) in Ohio for failure to file premium rates and forms for open enrollment coverage in accordance with and within the time period …
January 7, 2010
The National Hurricane Center said this week it will begin issuing storm watches and warnings about half a day sooner in the biggest change to its warning system in decades. When a storm is approaching land, forecasters will now send …
January 7, 2010
Californians can expect more tax increases and cuts in state services, but it’s unlikely that a sale of some of the state workers’ compensation insurer’s assets will be used to shore-up the budget. In his State of the State 2010 …
January 7, 2010
Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes, according to a new compensation study. Four out of 10 insurance companies plan to modify their agent compensation plans in 2010 by …
January 7, 2010
All 1,327 insurance companies licensed in California have responded to California Insurance Commissioner Steve Poizner’s request to provide data on their investments with companies doing business with Iran’s nuclear, energy and defense sectors. Previously, the Commissioner’s office was waiting for …