Standard & Poor’s Ratings Services new report -“One In Four Of Europe’s Insurers Could Face Major Strategic Decisions Under Solvency II” – concludes that the regulations, which are scheduled to come into force in 2012, “will have a profound impact …
Stephen Haddrill, Director General of the Association of British Insurers (ABI) issued a comment on the UK’s recently announced budget. Chancellor of the Exchequer Alistair Darling has proposed raising taxes on a number of items, including high-polluting cars, alcohol and …
The Board of Governors of the Alaska Timber Insurance Exchange (ATIE), a policyholder owned workers’ compensation insurance company, is paying a $2.8 million dividend to its members based on their performance in maintaining safe workplaces. The dividend, which was paid …
Washington’s Office of the Insurance Commissioner has scheduled a March 19, 2008, hearing to consider an investment group’s request to acquire a controlling interest in a Bellevue, Wash.-based property-casualty insurer. The investment group, J.C. Flowers II L.P., Cayman Islands, an …
Santa Ana, Calif.- based ensurApet, Inc. has issued a bulletin, which notes that “health insurance for pets in the United Kingdom is growing at a record rate.” CEO, Russell Smith stated: “According to Mintel, a leading analyst firm whose U.K. …
The National Association of Insurance Commissioners released the 2007 market share premium data for the top 25 insurers of select property/casualty lines of business. This data helps to provide an indicator of the degree of market concentration in a line …
Two insurance companies have applied for the final round of grants as part of a program aimed at getting more insurers to write policies in south Louisiana. Four or five companies were expected to apply, but Insurance Commissioner Jim Donelon …
The House Capital Markets Subcommittee [wants] to learn about the causes and effects of recent bond insurer ratings downgrades. We will, in particular, focus on the spillover effects for municipalities and the financial services industry. Bond insurance represents a microscopic …
The Association of California Insurance Companies, the American Insurance Association and the Personal Insurance Federation of California have announced their opposition to California Senate Bill 1167, a bill that the groups say would deny consumers vital information about longer guarantees …
Taking a major step toward a more competitive auto market, the Georgia General Assembly passed a measure Thursday allowing file and use for private passenger auto rates above the mandated minimum liability limits, according to the American Insurance Association. Prior …
