September 21, 2009
Hanover Excess Sees State Pool Changes A Boost For Business Still Recovering From Recession, Soft Market The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and surplus brokerage believe in the “pursuit of …
September 21, 2009
Proud, Not Embarrassed “We are absolutely not embarrassed. In fact, we’re very proud of the success that Pinnacol has realized for the state of Colorado. We are very proud that we have a very viable, stable, competitive system in Colorado.” …
September 21, 2009
President Barack Obama said Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades. In Europe, officials kept up pressure for a deal to curb bankers’ …
September 18, 2009
Lloyd’s of London Chairman, Lord Peter Levene, strongly defended the important role financial services play in the UK’s economy in general and in the City of London in particular. Levene chastised policymakers, commentators, theorists and bloggers who have called for …
September 18, 2009
The ACE Group of insurance and reinsurance companies has announced the launch of a new initiative designed to enhance the service it provides to meet the complex insurance needs of multinational and large account clients across the globe. The Company …
September 18, 2009
California Attorney General Jerry Brown issued subpoenas on Thursday to Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings as he launched an investigation of whether they broke state law with the ratings they provided mortgage-backed securities. “These agencies gave …
September 17, 2009
Equity Risk Partners (ERP) has launched a new practice unit — the Infrastructure and Privatization Group. ERP, a full service insurance brokerage and risk management consulting firm, based in San Francisco, focuses exclusively on the needs of the private equity …
September 16, 2009
European Union leaders will tell the G20 this month that public support to the economy must be maintained and while plans to withdraw it should be drafted now, implementation should come only when recovery is assured. “The G20 should reaffirm …
September 16, 2009
Homeowners insurers doing business in Florida — established as well as new –are losing money and the state regulator says rates may need to go up. Also, the state’s largest private home insurer, State Farm Florida, which wants to leave …
September 16, 2009
Senator Max Baucus unveiled his plan for a 10-year, $856 billion healthcare overhaul Wednesday that would revamp insurance rules but does not include a government-run option backed by liberal Democrats. Baucus, the chairman of the Senate Finance Committee, made the …