Earthquakes News

California Commissioner Hopeful: Assemblyman Mike Villines

The election for California Insurance Commissioner is a weighty one. The person selected will be in charge of regulating the approximately 1,500 insurance companies doing business in the state. Assemblyman and Republican Mike Villines recently shared his views on workers’ …

California Commissioner Hopeful: Assemblyman Dave Jones

On November 2, Californians will select a new insurance commissioner, charged with regulating the fourth-largest insurance market in the world at about $160 billion. Assemblyman and Democrat Dave Jones recently shared why he has the experience to tackle such topics …

Record 7.7M Expected to Participate in Calif. Earthquake Drill

More than 7.7 million people are expected to shake, drop, cover and hold on in the country’s largest earthquake drill in history. The Great California ShakeOut is an earthquake drill in which participants practice how to protect themselves from falling …

Marsh’s Moczarski: Risk Managers’ Role in Organizations is Growing

Risk managers are becoming more visible and active across their organizations and are wielding greater influence on strategic decisions, according to Alex Moczarski, President of Marsh’s International Division. He made the remarks in an address to the Asociación Latinoamericana de …

Best Affirms ‘A’ Ratings of Lloyd’s Syndicate 2010 (Cathedral)

A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010. At the same time Best affirmed the ICR of “bbb+” of Cathedral Capital …

Best’s London Briefing Highlights Challenges for Europe’s Insurers

“2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance industry. Speaking to an attentive audience at the Grange …

Home, Flood Insurance Markets Still Troubled 5 Years After Katrina

Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance, according to a new study from the RAND …

Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market

Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement gave the following details for each of …

California’s Commissioner Hopefuls

Unlike many voters, the hundreds and thousands of independent insurance agents and brokers in California know the November 2 election will be a pivotal one. After all, on that day, Californians will select a new insurance commissioner, charged with regulating …

Assemblyman Mike Villines

Republican Mike Villines was elected to the California Assembly in 2004 to represent the counties of Fresno and Madera. He serves on the board of the State Legislative Leaders Foundation, a nonprofit organization that provides educational programs for leaders of …