Insurance regulatory reform efforts on Capitol Hill took a giant leap forward with the recent House passage of HR 1065, the Non-Admitted and Reinsurance Reform Act of 2007. Sponsored by Rep. Dennis Moore, D-Kan., and Rep. Ginny Brown-Waite, R-Florida, HR …
Legislation passes House, heads for the Senate; but not all in the industry think it’s the answer as now written Insurance regulatory reform efforts on Capitol Hill took a giant leap forward with the recent House passage of HR 1065, …
The American Insurance Association (AIA) today urged Wisconsin legislators to reject two bills that would make it illegal for insurers to provide their customers valuable information after a car accident. “These bills are anti-consumer. Direct repair programs provide consumers with …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York-based QBE Re Group U.S. and its members. Best also removed the ratings from under review with …
Liberty Mutual, Ohio Casualty Boston-based Liberty Mutual Group has agreed to buy Ohio Casualty Corp. of Fairfield, Ohio, in a transaction valued at approximately $2.7 billion. Liberty Mutual will acquire all outstanding shares of common stock of Ohio Casualty for …
(Washington D.C.) – Clements International regrets to announce the passing of co-founder Robert S. Clements. Clements, a lawyer and insurance executive, will be remembered as a pioneer in the field of global insurance. In 1947, Robert noticed a growing need …
Direct Response Corp., the holding company for the Response Insurance Group, has signed an agreement under which an affiliate of J.C. Flowers & Co. LLC will become the largest investor in DRC. The transaction is subject to regulatory approval. The …
Preferred Professional Insurance Co., an Omaha-based medical liability insurance firm, announced the addition of Denise A. Hill, as vice president, general counsel and corporate compliance officer. In her new capacity, Hill will lead PPIC’s federal, state, and local regulatory compliance …
$309 Million The Federal Emergency Management Administration has determined nearly 70,000 households wrongly received $309.1 million in grants related to Hurricane Katrina recovery efforts, and officials acknowledge those numbers are likely to rise. According to the Associated Press, in the …
D.C. growing its captive market, escaping worst of property pullbacks Thomas Hampton, commissioner of the District of Columbia Department of Securities, Insurance and Banking. Hampton, who was reappointed to his post by Mayor Adrian M. Fenty in January, discusses the …
