California’s State Compensation Insurance Fund has announced the filing of its Jan. 1, 2008, rating plan, making no change in the average collectible rate level. SCIF held the line on rates despite the Workers’ Compensation Insurance Rating Bureau’s filed recommendation …
While the position of California Insurance Commissioner is elected and there are already rumblings that he’d make a good gubernatorial candidate in 2010, current California Insurance Commissioner Steve Poizner says he’s not a career politician. He spent many years running …
PCI’s new CEO plans to ‘scan the horizon’ for insurer members facing terrorism insurance, regulation concerns, politics and more The Property Casualty Insurers Association of America (PCI) represents 1,000 insurance companies that write about 40 percent of the business in …
North Dakota’s unemployment insurance tax rates will be falling for the third straight year, with the average rate dropping below 1 percent for the first time since 1997, Gov. John Hoeven says. Maren Daley, director of Job Service North Dakota, …
California’s State Compensation Insurance Fund has announced the filing of its Jan. 1, 2008, rating plan, making no change in the average collectible rate level. SCIF held the line on rates despite the Workers’ Compensation Insurance Rating Bureau’s filed recommendation …
Willis Group Holdings has appointed Eugenio Paschoal CEO of the Latin American region in a move the broker described as “reinforcing” the importance of the region for its international network, and as underlining “Willis’ commitment to ensuring that its international …
Several recent and relatively recent events — the wildfires in southern California, Hurricane Katrina in August 2005 and the Sept. 11, 2001, terrorist attacks — have raised awareness of how, and whether, business interruption (BI) insurance applies in the context …
After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Construction slowed or stopped, and the economy wilted. In …
Guy Carpenter & Company, LLC announced that its Instrat ® unit has introduced a new, fully probabilistic flood model for the Czech Republic. “The model provides insurers with a reliable, high-quality set of tools for managing potential exposures in one …
Reports are coming in from Southern Bangladesh of at least 242 deaths following the passage of a powerful tropical cyclone. Risk Management Solutions has been monitoring the progress of the storm, named Sidr, and indicates that it is the equivalent …
