Mississippi Insurance Commissioner Mike Chaney said he was not happy about granting a 19.5 percent homeowners rate increase to State Farm, but he had little choice. “Would you want me to have 26,000 policies canceled on the Gulf Coast with …
An anlaysis from Allianz Insurance Management Asia Pacific concludes that regional GDP is expected to grow by 6.7 percent in 2010, with Asia contributing “almost 39 percent to next year’s global economic expansion,” with China and India still leading the …
Auditors are making several recommendations to limit legal liability and improve the safety of children who attend sports, music and other camps on University of Wisconsin campuses. An audit report to be presented to the UW System Board of Regents …
Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda had concluded negotiations of a bilateral agreement with Belgium that provide for a full exchange of information on criminal and civil tax matters between Bermuda and the Kingdom …
Workers’ compensation insurance rates in California will be relatively stable and increase by an average of only 4 percent in 2010, the Department of Insurance said. The Department’s announcement comes a month after the Workers’ Compensation Insurance Bureau asked for …
A.M. Best Co. indicated that its ratings of Bermuda-based Torus Insurance Holdings Limited and its operating subsidiaries remain unchanged following the contribution of Sideris Re Holdings Ltd (SRH) to Torus by First Reserve Corporation (the sole shareholder of Torus) [See …
Property, casualty and directors’ and officers’ (D&O) liability insurance rates will continue to stabilize in 2010, according to Aon Corp.’s U.S. Q3 ’09 Quarterly Market Overview. Highlights of the market report include: Property — After increasing property rates for the …
Liz Sequeira, a 52-year-old primary care physician, is too young to remember when U.S. doctors made routine house calls. So to her, seeing patients in her three exam rooms on the first floor of Discovery Communications Inc.’s modern headquarters in …
Bellevue, Wash.-based National Specialty Underwriters Inc. (NSU) a program administrator and specialty wholesale broker, and ACE Westchester, the U.S.-based wholesale-focused property and casualty operation of the ACE Group of Companies, announced that ACE Westchester will begin providing the primary casualty …
The U.S. Chemical Safety Board on Wednesday called a July explosion at Citgo Petroleum Corp.’s Corpus Christi, Texas, refinery “a significant near-miss” for a widespread release of highly toxic hydrogen fluoride (HF) into a community. “It’s a significant near-miss of …
