Not Cutting Corners “To date we have not seen a single instance where a human being made a conscious decision to favor dollars over safety.” —The White House oil spill commission’s Chief Counsel Fred Bartlit said at a meeting exploring …
Commercial Lines Capacity ‘Remains Plentiful’ Underwriting capacity remains plentiful across most lines of commercial insurance and there are no significant insurance coverage restrictions, despite major losses associated with the Deepwater Horizon spill and the Chilean earthquake, according to a recent …
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. Hotel/Motel Program Market Detail: Specialty Insurance Agency has expanded its hotel/motel program to California. Program …
The Bermuda-based Catlin Group Limited’s interim management statement highlighted some significant premium increases in certain lines. The bulletin said: “Group-wide net premiums earned increased by 13 percent in the nine months ended 30 September 2010. Approximately half of this increase …
Equipment suppliers often have protection needs that extend beyond the scope of a traditional property policy. Whether a business rents tents and tables for special events, sells industrial machinery or leases high value medical equipment, protecting the equipment while it …
Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to address this.” The bulletin noted that the …
Aon came up with the conclusion that although recent events have “increased demand and enquiries for business interruption insurance,” there is a “decreasing appetite of insurers to pay claims for this type of insurance.” The conclusion came from delegates at …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance Company Limited (Hisco) and Hiscox Insurance Company …
Just days before President Barack Obama’s long-awaited visit to Indonesia, some international flights were canceled over concerns about a volcano spewing ash hundreds of miles away. Malaysia was preparing to airlift hundreds of citizens out of the country. The notoriously …
