State insurance regulators are drawing on the country’s founding principles as they resist international pressure to give the federal government a greater role in overseeing the industry. Ben Nelson, chief executive officer of the National Association of Insurance Commissioners and …
Crews were cleaning up wrecked houses and assessing damage Tuesday in the wake of a powerful typhoon that lashed Japan with torrential rains, leaving at least two people dead. Typhoon Man-yi weakened into a tropical storm by late Monday, though …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of United Arab Emirates-based Emirates Insurance Company P.S.C. (EIC), both with stable outlooks. “EIC’s capital position remains strong, …
Marine underwriters at the International Union of Marine Insurance (IUMI) conference in London heard from Hjortur Thrainsson, Munich Re’s modeling expert, that even a catastrophe model that is wrong is better than no model at all. He was speaking at …
An article from Guy Carpenter states: “According to the IPCC Fourth Annual Assessment Report (AR4), the scientific consensus is that global warming is indeed an established scientific fact. The evidence is undeniable, and includes: 1. Increasing air temperatures 2. Increasing …
“A nearly 40 percent increase in the number of insurers, market participants and suppliers attending this year’s Managing General Agents’ Association (MGAA) capacity exchange, demonstrates the increasing importance MGAs are playing in product development and distribution,” said the organization’s bulletin. …
Burnham Benefits Insurance Services named two new members to its staff. New hires Laurel McClay, senior account executive, and Michele M. Dang, account executive, were hired to support the firm’s growth and expansion in the Northern California market. McClay, who …
Novato, Calif.-based Fireman’s Fund Insurance Co. named Brian Cesario as western zone personal insurance executive. Cesario will lead Fireman’s Fund’s western zone for personal lines insurance. He has underwriting and distribution responsibility for the personal lines business, which focuses on …
Property/casualty aggregator Networked Insurance Agents announced today that a small group of individual investors has acquired the company from Strongwood Holding Company LLC. George Biancardi, president and CEO, led the investor group, which includes CFO Kelly McRae and Executive Vice …
New Jersey will use Superstorm Sandy-recovery money to pay for debris removal at the scene of last week’s boardwalk fire in Seaside Park and Seaside Heights. Gov. Chris Christie’s administration said it hopes the extra aid will speed the rebuilding. …
