Ramani Ayer News

Business Leaders Warn of ‘Rolling Crisis’ As Federal Terror Insurance Program Nears Expiration

U.S. business leaders came out in force this week to urge renewal of the federal Terrorism Risk Insurance Act and warn that market restrictions on terror insurance coverage are already beginning to be felt in the marketplace, 10 months before …

Insurers Land Big Senate Win on Class Action Rules

The U.S. Senate rejected what could have been damaging amendments and approved by a vote of 72-26 historic changes to the way class action lawsuits are handled. The vote almost assures enactment since the Senate measure, the Class Action Fairness …

Insurance Industry, Republicans See Big Win in Senate Bipartisan Approval of Class Action Reform

The U.S. Senate rejected what could have been damaging amendments and approved by a vote of 72-26 historic changes to the way class action lawsuits are handled. The vote almost assures enactment since the Senate measure, The Class Action Fairness …

The Hartford Endows Insurance Scholarship

As part of its commitment to helping public school students in its hometown of Hartford obtain a higher education, The Hartford Financial Services Group Inc. has created a new scholarship for the pursuit of insurance studies at the School of …

The Hartford Sees 37% Gain in Q4 Net Income to $620M

The Hartford Financial Services Group Inc. reported a 37-percent increase in fourth quarter 2004 net income to $620 million, or $2.08 per diluted share, hitting an all-time quarterly record. Net income in the current period included net realized capital gains …

Canter Says State, Federal Regs Are Detrimental

More than 120 firms participated in the Big “I” exhibit During my term we have made numerous advances, I couldn’t have done any of them without the help of the Executive Committee and dedicated committee-members,” said Louise “BeBe” Canter, president …

Big “I” Panelists Concerned About Terrorism, Asbestos, Tort Reform

Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company chief executives participating in a panel discussion during last month’s Independent Insurance Agents & Brokers of America (IIABA) convention in Orlando. Moderator Bob Rusbuldt quizzed …

At Big I, Insurer CEOs Assess Impact of Hurricanes

Insurance company leaders hope the industry will respond rationally to the financial effect of recent hurricanes and also use them as an opportunity to do a better job of explaining the industry to the public. Five insurance company chief executive …

Big ‘I’ Panelists Concerned About Terrorism, Asbestos, Tort Reform

Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company CEOs participating in a panel discussion during last month’s Independent Insurance Agents & Brokers of America (IIABA) convention in Orlando, before Eliot Spitzer’s bombshell rocked …

Big ‘I’ Panelists Concerned About Terrorism, Asbestos, Tort Reform

Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company CEOs participating in a panel discussion during last month’s Independent Insurance Agents & Brokers of America (IIABA) convention in Orlando. IIABA CEO and Moderator Bob …