A legislative panel in Massachusetts is recommending that company officials face criminal charges if they have recklessly failed to protect workers who are killed on construction sites, according to a published report. The Boston Globe, citing an advance copy of …
SEC attorney Andrew Calamari, who headed the SEC’s investigations in both cases, declined to comment on whether criminal charges were under consideration in the RenRe matter. He stressed that the Commission brings only civil cases and is not involved in …
Ernie Csiszar, the Romania-born former South Carolina regulator who two years ago was named president and chief executive officer of the then newly-formed Property Casualty Insurers Association of America, resigned from PCI effective Sept. 30. Csiszar indicated that he plans …
Coordinated research needed “Hurricanes, by far, cause more economic damage to a more widespread area than any other natural disaster. This bill takes sound, scientific recommendations and builds from them a foundation for better, more coordinated research. Given the enormous …
The theme of career business person versus career politician pervades the race for Chief Financial Officer in Florida, considered by some to be the second most powerful position in state government. Democratic candidate Alex Sink said she is committed to …
Liability Long Term Care Facilities Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a new liability insurance program designed to meet the needs of skilled, assisted and independent long term care (LTC) facilities across America. …
Privacy and Security Coverage Enhancements Nuts & Bolts: Euclid Managers LLC developed a set of security and privacy coverage enhancements that can be endorsed onto any of the Euclid Managers’ Internet and tech professional liability policies. The endorsements expand the …
Two associations for independent insurance agents have urged a federal court to reject recent settlement provisions between Zurich Insurance and states that affect thousands of agents who were not involved in the original dispute with the states. The National Association …
The Securities and Exchange Commission, which has been investigating a number of finite reinsurance transactions for the past two years, lowered the boom on three former officers of the Bermuda-based reinsurance group Renaissance Re. The government agency charged with regulating …
$1.2 million The number of motor vehicles thefts nationwide in 2005. That’s about 416.7 motor vehicles stolen for every 100,000 inhabitants. $7.6 billion The estimated total property losses due to motor vehicle theft in 2005. That’s an average of $6,173 …
