April 9, 2007
Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those in turn could have implications beyond California, as other states consider …
April 9, 2007
The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …
April 9, 2007
IDENTITY THEFT High loss in low-tech crime SHAKY FOUNDATION? Earthquake Authority losing funding
April 9, 2007
$5.26 million A hefty pay raise was given to State Farm Insurance’s chairman and CEO after the company posted a record profit last year. Chairman and Chief Executive Officer Ed Rust Jr. got a $5.26 million raise. He earned $11.66 …
April 9, 2007
The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …
April 9, 2007
The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …
April 9, 2007
Catastrophic coverage “A decrease in the already low penetration rate would reduce the number of Californians able to afford to rebuild after a devastating earthquake.” — The California Department of Insurance, warning that if higher earthquake claims limits were unavailable, …
April 9, 2007
EU Reinsurance Directive, Solvency II, killer risks and catastrophes all up for discussion Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most …
April 9, 2007
30 Number of states that require companies that have information that can be used in identity theft — driver’s license numbers, bank account numbers, Social Security numbers — to tell individuals if that information has been compromised. $3.6 billion Amount …
April 9, 2007
But mega-cats need a public-private partnership, first responders and industry agree The best way for the federal government to help property owners recover from a natural disaster is to let private insurers do what they know, except in the case …