Economy News

The Commissioners

Hawaii:Perfectly poised for insurers in the Pacific Rim Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the world. The state’s captive insurer law already …

Integro to Offer Trade Risk Management Through Indemnis

Integro Insurance Brokers has entered into a new business venture with Indemnis Trade Risk Management to offer trade risk management programs to clients within North America. “Indemnis brings a capability to Integro that is relevant to the very livelihood of …

Private equity risk: Protecting human capital

Insurance professionals — brokers, agents and consultants — are faced with increasing demand for their knowledge and expertise in advising venture capital and private equity firms. Venture capital, or VC, is defined by Investorwords.com as “Funds made available for startup …

Make insurance, risk management appeal to college grads: ‘Smash the Myth’

One of the most serious problems facing the insurance industry today is the acute shortage of bright, college-educated young people entering the profession. Walk around any college campus and you’ll find that the brightest and best of our graduates are …

South Korean Insurer Sets Up Shop in Hawaii

Dongbu Insurance Co. Inc., South Korea’s second-largest insurer, marked its entry into the U.S. market with a reception in Waikiki. Dongbu, a member of the Dongbu Group conglomerate, is the first foreign company to take advantage of Hawaii’s port of …

STATE PATROL VETERAN HIRED FOR ANTI-FRAUD HIT

Washington Insurance Commissioner Mike Kreidler has appointed a veteran of the State Patrol to manage the agency’s newly authorized insurance anti-fraud program. Capt. Robert Veliz of Yakima, a 26-year veteran of the State Patrol, will head the special unit that …

News Currents

Texas agents urge legislators to address windstorm problems The Texas Legislature’s Texas Joint Committee on Wind-storm Coverage and Budgetary Impact held a public hearing in Corpus Christi in late August, and two of the state’s agent associations-the Independent Insur-ance Agents …

J.P. Schmidt, Hawaii, Insurance Commissioner

Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the world. The state’s captive insurer law already has reaped dividends, and Hawaii’s port of entry …

Private equity risk: Protecting human capital

Insurance professionals — brokers, agents and consultants — are faced with increasing demand for their knowledge and expertise in advising venture capital and private equity firms. Venture capital, or VC, is defined by Investorwords.com as “Funds made available for startup …

Fraud Roundup

State Patrol veteran hired for anti-fraud unit Washington Insurance Commissioner Mike Kreidler has appointed a veteran of the State Patrol to manage the agency’s newly authorized insurance anti-fraud program. Capt. Robert Veliz of Yakima, a 26-year veteran of the State …