Citizens Property Insurance Corp. announced the resignation of President and Executive Director Robert L. Ricker effective Nov. 1. Ricker, who has headed Citizens for the past three years, tendered his voluntary resignation at a recent meeting of the Citizens board …
Richard Ward, in his first major speech since becoming Lloyd’s CEO, opened the U.K.’s Chartered Insurance Institute’s (CII) annual conference in Glasgow yesterday Oct. 5 with a discussion of the “pivotal role of insurance in a volatile, uncertain and dangerous …
Colorado State University hurricane expert William Gray downgraded his forecast for the 2006 Atlantic storm season again this week, predicting one more hurricane, two more named storms but no intense hurricanes. The new report calls for a below-average hurricane season, …
Stephen Catlin, the chief executive of international specialty property/casualty insurer and reinsurer Catlin Group Limited, Forecast a decline in premiums for non-catastrophe exposed classes of insurance and reinsurance, if the current hurricane season remains benign. However, in his lecture on …
Pennsylvania, New York, Delaware and New Jersey have agreed to share the costs of a $500,000 study to examine the effects of operational changes at major reservoirs throughout the entire Delaware River basin. The state will form a task force …
The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the decline in net income after taxes, the industry’s annualized rate …
U.S. Senator Mel Martinez, R-Fla., has introduced bipartisan legislation to implement a national hurricane research initiative designed to better research, predict and prepare for hurricanes. Martinez crafted the proposal working from recommendations presented by the National Science Foundation’s new draft …
Citizens Property Insurance Corp. announced the resignation of President and Executive Director Robert L. Ricker effective November 1, 2006. Ricker led Citizens for the past three years and tendered his voluntary resignation at a Tuesday morning meeting of the Citizens …
Peak hurricane season has arrived. Despite this season’s slow start, people who live along the coast are constantly aware that the next big storm could take shape at any time. This year, however, all of us are also looking back …
With lots of luck, the second half of the 2006 hurricane season will be as uneventful for most East Coast residents and businesses — and insurers — as the first half has been. Not that the first half hasn’t had …
