New York Governor Eliot Spitzer and legislative leaders announced an agreement to reform the state’s workers’ compensation system that has the backing of business and labor. Under the agreement, benefits for injured workers will be increased for the first time …
Connecticut Governor M. Jodi Rell has nominated former 2nd District Congressman Rob Simmons of Stonington as the state’s first Business Advocate, a position created by the General Assembly during the 2006 legislative session. The Business Advocate will be responsible for …
Superior Court Justice Burnes is well aware that politics comes into play in Bay State insurance regulation The new insurance commissioner for Massachusetts thinks her years of experience in a judge’s robe will serve her well in her new role, …
Sullivan discusses reinsurance collateralization, surplus lines regulation reform Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of Mother Goose books. He is the third generation to enter …
The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so wrong? They weren’t, according …
Sullivan discusses reinsurance collateralization, surplus lines regulation reform Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of Mother Goose books. He is the third generation to enter …
Corporate governance, stockholder activism, pricing discipline, a surprise event to define next D&O cycle Things are about as good as they can get right now in the directors and officers liability environment but that doesn’t necessarily comfort D&O brokers and …
Changes in attitudes, lawsuits, statutes worldwide force global companies to buy locally-admitted D&O A company that acquires a new property in a foreign country will usually review its property and casualty insurance to be sure it is in compliance with …
Congressman Paul E. Kanjorski, D. Pa., chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, announced that the Subcommittee will hold its first hearing in New York City to discuss extending the Terrorism Risk …
The washed-out hotels, crumbled asphalt and shuttered businesses that marred Florida’s Pensacola Beach after Hurricanes Ivan and Dennis in 2004 and 2005 are mostly gone — the debris hauled off and the damaged structures demolished or rebuilt. But real estate …
