The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. International Energy Package Market Detail: MarketScout provides a market for clients needing coverage for foreign …
In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7 percent, according to a new report released by AIR Worldwide …
The Alabama Insurance Underwriting Association (AIUA), commonly known as the Beach Pool, is implementing new discounts to help coastal Alabama policyholders reduce their insurance premiums for windstorm coverage. The Beach Pool discounts will apply to homes built to the Fortified…for …
The Bermuda Monetary Authority (BMA) announced that it has appointed Walter A. Bell to a position on its Board of Directors, as its first international member. The BMA regulates financial services for Bermuda-based companies, including the all-important insurance sector. Bell, …
A judge dismissed most of a lawsuit in which an indicted insurance executive accused Alabama Gov. Bob Riley and others of conspiring to drive him out of the insurance business. Montgomery Circuit Judge Truman Hobbs Jr. rejected John Goff’s claims …
New York will hire more minority- and women-owned debt underwriters, lawyers and risk managers and ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters Thursday. Paterson, the state’s first black governor, who is …
William H. Rabel, professor of insurance & financial services at The University of Alabama, won the 2008 John Bickley Innovation and Creativity Award. Rabel led a team of professors that developed the new actuarial science program at the university. A …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Chicago-based Old Republic Insurance (formerly known as Old Republic Group) and its members and Bituminous Insurance Companies of Rock …
An Alabama judge upheld the fraud verdict that the state won against AstraZeneca Pharmaceuticals LP in a Medicaid drug pricing suit, but ruled the punitive damages were too high, trimming the total judgment to $160 million. The jury ordered the …
A two-alarm fire destroyed ten apartments and displaced 15 families at Nob Hill Apartments in Birmingham, Ala., with a couple preparing to wed losing her wedding dress, his tuxedo and their belongings. Battalion Chief C.W. Mardis said units were on …
