District Of Columbia News

Bethesda Agency Pays Off on Good Grades Program

Bethesda-based insurance broker Meltzer Schiner & Carroll/Meltzer Group Benefits is taking nearly 30 children who participated in Washington D.C.’s “For Love of Children” (FLOC) Program to the Six Flags America theme park in Largo, Maryland on Friday, August 24th – …

Swiss Re, Tokio Marine Conclude $450 Million Cat Swap

PMA Re announced that it has become the newest member of the International Insurance Council (IIC), a Washington D.C.-based association active in promoting increased trade and investment relations around the world. Commenting on joining IIC, Victor Baillargeon, vice president of …

D.C. City Council Considering Car Cell Phone Ban

Washington D.C.’s City Council is considering a ban on the use of handheld mobile phones in cars, which would affect an estimated 240,000 D.C. residents and another 300,000 commuters from Maryland and Virginia. The council heard testimony highlighting safety concerns …

American Skyline Receives Maryland License

The Maryland Insurance Administration has granted a license to Baltimore’s American Skyline Insurance Co. to commence business in the State. Skyline, a property/casualty insurer specializing in home and automobile coverage for the residents of big cities, where rates are usually …

Full Speed to Market Initiatives Underway in 2001

The National Association of Insurance Commissioners announced today that Alabama, Arkansas, Indiana and Ohio will join the previously named states of Maine, Michigan, New York, Oregon, Pennsylvania and Texas for the limited launch of the Coordinated Advertising Rate and Form …

Zurich Renames Political Risk Group

Zurich U.S., a subsidiary of the Anglo-Swiss group Zurich Financial Services , announced that it will rename its Political Risk Unit as Zurich Emerging Markets Solutions, to reflect “the group’s commitment to provide innovative solutions to infrastructure developers, financial institutions …

Committee Lowers Threshold, Amends D.C. Dereg Bill

A District of Columbia Council committee unanimously approved on Tuesday an amended version of the Insurance Trade and Economic Development Act of 2000. Washington D.C. Bill 13-806 now goes to the full council, once again, for two readings. The council …

Washington D.C. Commercial Deregulation Bill Passes

Legislation to reduce government regulation of commercial insurance in Washington D.C. was approved by the District of Columbia Council. Under the legislation, large commercial risks are exempt from filing requirements for rates and policy forms if they meet any one …

OPL TO BUY RELIANCE RE

Bermuda-based Overseas Partners Ltd. (OPL) has agreed to acquire Reliance Reinsurance Company from Reliance Insurance Co., but will not assume the existing liabilities of either company. The amount paid by OPL hasn’t been revealed, but the main asset it has …