Hawaii Insurance Commissioner J.P. Schmidt announced a new insurance option for homeowners: Universal North America Insurance Co. will offer homeowners (including hurricane option), dwelling, fire and flood policies in the state, with automobile coverage expected to be added in 2009. …
Swiss Re appointed Walter A. Bell chairman of Swiss Re America Holding Corp. He will provide supervisory governance of the Americas businesses and also will oversee and direct regulatory and public affairs for all of Swiss Re’s North America businesses, …
A Dade County, Florida real estate developer in January 2008 filed a $25 million lawsuit against a real estate blogger alleging, among other charges, defamation of character based on the blogger’s opinion published solely on his blog (MiamiCondo Investments). Hollo …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …
Hawaii Pacific University has instituted a graduate program in insurance and risk management. According to Hawaii Insurance Commissioner J.P. Schmidt, “HPU’s graduate insurance program is the first in the West. Many corporations, as well as insurance companies, have an increasing …
On Sept. 17, Fitch Ratings revised its Rating Watch on American International Group Inc. (AIG) and its subsidiaries to Evolving from Negative following the announcement that its board has approved a transaction under which the Federal Reserve Bank of New …
Hawaii’s Department of Commerce and Consumer Affairs’ (DCCA) Insurance Division announced that the National Council on Compensation Insurance (NCCI) has filed a request for a decrease of 11.6 percent in the workers’ compensation loss costs. The filing would affect premiums …
Island Insurance Co. Ltd., Hawaii’s largest locally owned and managed property and casualty insurance carrier, has reaffirmed its “Aq” rating for Quantitative Insurer Financial Strength (Q-IFS) by Fitch Ratings. Fitch Ratings is an international credit rating agency; one of four …
Hawaii Insurance Commissioner J.P. Schmidt announced a new insurance option for homeowners; effective Sept. 22, 2008, Universal North America Insurance Co. will offer homeowners (including hurricane option), dwelling, fire, and flood policies in the state, with automobile coverage expected to …
Hawaii’s Department of Commerce and Consumer Affairs Insurance Division is reminding that all reinsurance intermediaries get licensed, including nonresident reinsurance intermediary-brokers and nonresident intermediary-managers. According to Insurance Commissioner J.P. Schmidt, “It has come to our attention that some reinsurance intermediaries …
