Swiss Re’s CEO Jacques Aigrain has signed the climate change recommendations of the Group of Eight (G8) leaders. “The document outlines a new, more environmentally effective and economically efficient long-term climate policy framework to succeed the Kyoto Accord, calling for …
Despite recent challenges to the economy, employers are managing to maintain a balance in employee benefits, according to the 2008 Employee Benefits Survey from the Society for Human Resource Management (SHRM) at its 60th Annual Conference. “Rising health care costs, …
Insurer Allstate Corp said it has dropped its bid to fight a reduction on auto policy rates imposed earlier this year by California’s insurance regulator. An Allstate spokesman, in an e-mailed statement, said the insurer had filed a motion to …
Spanish retail bank Santander is considering buying Dresdner Bank in the latest twist of Germany’s bank merger frenzy, according to people with direct knowledge of the matter. The German banking industry is the throes of talks that could result in …
Marsh announced the appointment of Jeff Colburn as UK Leader of its Risk Consulting Practice in succession to George Davies, who has become Head of Marsh UK’s Risk Management Practice (See IJ web site – https://www.insurancejournal.com/news/international/2008/06/17/91035.htm). He will be based …
Florida’s Chief Calls for New Studies to Also Probe the Use of Occupation and Education in Rating State regulators, led by Florida’s insurance chief, recently told Congress that more study of the use of credit scoring by insurance companies is …
Well before the June 1 start of hurricane season claims costs from weather related damages were on a steady climb across the South Central states of Arkansas, Oklahoma, Texas and Louisiana. Late May, early June hailstorms in central Oklahoma likely …
State regulators told Congress that more study of credit scoring use by insurance companies is needed to determine if the practice is unfairly discriminatory. “As state regulators, it is our sincere desire that the federal government assist, not detract, from …
Should Subcontractors Be Hired as “Employees” or Independent Contractors? Two recent events remind the insurance industry of the importance of understanding the relationship of a worker at a construction site and protecting the insured when the construction worker has a …
Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance Commissioners Summer Meeting held in San Francisco on May …
