Iran News

Model Boasts Good Track Record Predicting Political Hotspots

The forecast for predicting the next political hotspots could be much more accurate because of a model developed by two Kansas State University professors and a colleague in New York. The model, named the Predictive Societal Indicators of Radicalism Model …

FACTBOX: 25 Ships and Crews Still Held by Somali Pirates

Somali pirates have released the Marida Marguerite, a German-operated chemical tanker after receiving a $5.5 million ransom, the Kenya-based East African Seafarers Assistance Program said on Tuesday. The tanker was seized in May and released on Monday. Here are details …

2010’s Top Insurance Stories in the West

In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin Baker of San Jose, Calif.-based Suhr …

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …

Calif. Commissioner Removes 4 From Barred Iran Investments List

California Insurance Commissioner Steve Poizner announced that the California Department of Insurance (CDI) has removed Royal Dutch Shell (Netherlands), Shell International Finance (Netherlands), Total SA (France), and Repsol YPF (Spain) from the CDI “List of Companies Doing Business with the …

Calif. Insurance Regulator Highlights His Achievements

California Insurance Commissioner Steve Poizner has issued a report card highlighting the progress of the Department of Insurance during the past four years, including his successful efforts to maintain solvency and stability in the insurance market amidst the biggest financial …

Willis Marine Review Concludes Surplus Capacity ‘Defies Logic’

Willis Group Holdings’ annual Marine Market Review has concluded that “while the shipping industry is showing tentative signs of recovery, the surplus capacity in the marine insurance market defies logic as more insurers queue up to enter an already crowded …

Calif. Commissioner Sues to Stop Insurers From Investing in Iran

California Insurance Commissioner Steve Poizner has announced he is filing a lawsuit challenging a California Office of Administrative Law (OAL) determination, issued last month that his efforts to stop insurers from investing in Iran constituted an “underground regulation.” The commissioner’s …

Calif. Iranian Investment Regs Ruled Improper

The California Office of Administrative Law has ruled that state Insurance Commissioner Steve Poizner’s Iranian investment regulations were improper. Earlier this year, the California Department of Insurance identified 50 companies doing business with the Iranian energy, nuclear and defense sectors, …

Calif. Iranian Investment Regs Ruled Improper

The California Office of Administrative Law has ruled that state Insurance Commissioner Steve Poizner’s Iranian investment regulations were improper. Earlier this year, the California Department of Insurance identified in 50 companies to be doing business with the Iranian energy, nuclear …