Private Client Group, a division of AIU Holdings, has introduced Private Client Select, an insurance offering designed specifically for affluent individuals who qualify for Private Client Group’s traditional property/casualty insurance program, but whose complex needs require protection not readily available …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that all 16 Caribbean member governments have renewed their catastrophe policies with for the 2009/10 policy period. “Member governments were able to take advantage of a 10 percent decrease in premium costs …
Risk Management Solutions has completed a new quantitative analysis, which “reveals that a micro-insurance system could be both technically and commercially viable to provide cover against catastrophic earthquake risk in rural China.” RMS explained that “with the appropriate support, micro-insurance …
Nevada Insurance Commissioner Scott J. Kipper has released three public service announcements to air on television and radio stations across the state beginning in June. The PSAs bring to light some important issues regarding insurance, and provide a brief education …
A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of Guardian Insurance Company, headquartered in the U.S. Virgin Islands, both with stable outlooks. Best said the …
Tim Richison, chief financial officer of the California Earthquake Authority, has been named CFO of the Year by a regional business journal. Judges cited Richison’s achievements as part of the original team at CEA. He has direct responsibility for all …
Lloyd’s CEO Richard Ward, in a speech given to a meeting in Tokyo of the Geneva Association, the organization for the study of insurance economics today, called for insurance to play a bigger role in providing vital financial assistance to …
The property/casualty insurance industry is employing advancements in catastrophe modeling and considering the impact of the creation of a national catastrophe fund as it applies lessons learned from Hurricane Katrina. Experts on a panel moderated by Louisiana Insurance Commissioner Jim …
Two new studies suggest the Lake Tahoe region in California and Nevada has gone longer than usual without a large earthquake and may be due for a magnitude-7 temblor capable of spawning a tsunami that could flood shoreline communities. The …
National Producer Licensing Need “Throughout the current financial crisis, the state insurance regulatory system continues to show how well it protects both individual consumers and businesses. Although the system has worked effectively to ensure insurer solvency and look after policyholders, …
