District Of Columbia News

Swiss Re Advisors See Big Demand for Energy Risk Underwriting

Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers. At Swiss Re’s Centre for Global Dialogue, …

Cooper Appointed Tenn. Attorney General

Tennessee’s newly appointed attorney general says ongoing litigation surrounding TennCare and the transition of a new health care insurance program are among the issues he expects to face as the state’s top attorney. The state Supreme Court selected Robert E. …

The untold story: state guaranty funds

They’re involved with policyholders every day yet too few people know how these safety valves operate The National Insurance Guaranty Fund program, operating in every state, is the “untold story” in the property casualty industry, one insurance trade executive says. …

The untold story: state guaranty funds

The National Insurance Guaranty Fund program, operating in every state, is the “untold story” in the property casualty industry, one insurance trade executive says. “The thing to remember about the guaranty fund system that’s important is that, nationwide, it has …

AFPD Launches Lawyers Professional Liability Program

Administrators for the Professions of Delaware Inc. introduced a new market for law firms with one to 15 attorneys that have disciplinary or frequency/severity issues. Firms performing high risk areas of practice (e.g., intellectual property, securities) will not be considered. …

California Leads Nation in Hybrid Ownership; Travelers Offers Discount

Travelers is now offering a 10 percent discount on auto insurance for California owners of Hybrid vehicles. According to the company, Californians registered 52,619 new hybrid vehicles in 2005. At a distant second, Florida registered 10,470 hybrids, followed by Texas, …

Catlin U.S. Establishes Primary and Excess Casualty Unit

Catlin Group Limited, the international speciality property/casualty insurer and reinsurer, announced that Catlin US has established a Primary and Excess Casualty underwriting unit based in Atlanta. The five-person unit, headed by Vice President Steve Singer, will underwrite specialty classes of …

What’s Next in Terrorism Insurance Market…and Politics?

Terrorism insurance has become increasingly common and affordable five years after Sept. 11. But that market has only emerged with the federal government’s pledge to serve as an insurer of last resort — assistance that is tenuous, and guaranteed only …

Businesses File First in Series of Lawsuits Against Competitors Hiring Undocumented Immigrants

Frustrated businesses took their fight against illegal immigration to a Los Angeles court Tuesday, filing the first in a series of lawsuits accusing competitors of hiring illegal workers to achieve an unfair advantage. Anti-illegal immigration groups said the lawsuits were …

People and Places

Suburban Chicago-based Property Casualty Insurers Association of America appointed Genio Staranczak as its chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public policy issues facing the industry. He will incorporate analyses of the …