Puerto Rico News

NATIONAL FLOOD INSURANCE PROGRAM – EASTERN STATES ONLY

* Number of Insurance ** Written State Policies In-Force In-Force ($) Premium In-Force Alabama 47,166 7,650,924,800 22,330,614 Connecticut 32,179 6,280,217,200 25,116,027 Delaware 20,491 3,958,905,900 10,529,933 District Columbia 1,498 150,850,700 298,834 Florida 2,065,573 387,068,560,800 767,771,237 Georgia 79,855 16,105,493,100 40,670,998 Kentucky 20,935 …

Business Moves

Minn. Old Republic, Troon Management Corp. and Sentry Rande Yeager, president and CEO of Old Republic National Title Insurance Company, headquartered in Minneapolis, Minn., announced the acquisition by Old Republic National Title Holding Company of Troon Management Corp. and Sentry …

Minn. Travelers Introduces Insurance Company Bond Product

Minn.-based Travelers Insurance is offering increased protection for employee dishonesty fraud and other related losses under a newly-enhanced product recently introduced by the company. Travelers SelectOne(SM) for Insurance Companies Financial Institution Bond covers insurance companies for employee dishonesty and other …

Minn. Old Republic Acquires Troon Management Corp, Sentry

Rande Yeager, president and CEO of Old Republic National Title Insurance Company, headquartered in Minneapolis, Minn., has announced the acquisition by Old Republic National Title Holding Company of Troon Management Corp. and Sentry Abstract Company effective August 31, 2006. Troon, …

Mass. Becomes 28th State to Join Interstate Compact

Massachusetts has become the 28th state to join a program designed to modernize state regulation of life insurance, annuity, disability and long term care products. Gov. Mitt Romney signed legislation into law today that allows Massachusetts to become a member …

UPDATE 2: TS Chris Weakens

Miami’s National Hurricane Center reports that tropical storm Chris is “weakening in a hurry.” That’s good news for a number of Caribbean Islands, including Puerto Rico and the U.S. and British Virgins, where storm warnings have been discontinued. Other islands …

UPDATE: TS Chris Gains Strength

The most recent bulletin from Miami’s National Hurricane Center indicates that Tropical Storm Chris now packs “maximum sustained winds near 60 mph/95 km/hr. with higher gusts.” The NHC said “some strengthening is forecast during the next 24 hours and Chris …

TS Chris Forms Off Windward Islands

The third named storm of the current season, Chris, has formed in the Atlantic east of the Windward Islands. The latest advisory bulletin from Miami’s National Hurricane Center, noted that a tropical depression it has been monitoring strengthened early this …

Puerto Rico Appeals Window on Countersignature Law Expires

The Commonwealth of Puerto Rico failed to file a timely appeal of a ruling by the U.S. Court of Appeals for the First Circuit, meaning an earlier federal court decision striking down Puerto Rico’s controversial countersignature law as unconstitutional is …

People and Places

Swett & Crawford Group, based in Atlanta, Ga., has named Elizabeth Edelman, J.D., general counsel. Edelman comes from RBC Centura Bank, a subsidiary of the Royal Bank of Canada, where for five years she had been general counsel, vice president …