The London reinsurance market will never be the same following 2007’s year-end reinsurance treaty renewals. Faced with a potential last minute logjam, as cedents held back their after renewals in the hope of achieving more favorable terms, Aon put RI3K’s …
OneBeacon Insurance Group thas a new insurance product, @vantage for MedTech, which offers products liability protection for businesses that develop, manufacture or distribute medical devices. Highlights of the Products Completed Operations Liability coverage in @vantage for MedTech include automatic extensions …
The Main Street America Group has introduced Main Street Station for Bonds, a state-of-the-art surety bonds ordering and processing system. With this proprietary bonds issuance system, Main Street America says its independent insurance agents can electronically order and process new …
Virginia Gov. Timothy M. Kaine said last week that he will ask the General Assembly to pass legislation guarding against identity theft and credit fraud. Kaine made the announcement at the Virginia headquarters of the AARP, which supports the consumer …
While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves of such risks by using new technology to …
Lake St. Louis, Mo.-based Stuckey & Co. has expanded insurance coverage for the computer and technology industries. The new policy, offered through a partnership with ACE Westchester, includes options for professional liability, electronic media activities, and network operations security with …
Phishing attacks in the United States soared in 2007 as $3.2 billion was lost to these attacks, according to a recent survey. The survey found that 3.6 million adults lost money in phishing attacks in the 12 months ending in …
Lloyd’s held its first ever seminar on nanotechnology on Monday, Dec. 10. The conference was organized in cooperation with the Lighthill Risk Network, (http://www.lighthillrisknetwork.org), a non-profit organization sponsored by Lloyd’s, Guy Carpenter, Benfield and Catlin. In accordance with its goals …
The insurance industry is normally concerned with the very large – hurricanes, earthquakes, fires, etc.- but there’s increasing awareness that it should also be concerned about the very small. Nanotechnology is small indeed. A “nano” refers to one nano-meter, which …
London-based RI3K, the electronic trading service, which handles many of Lloyd’s transactions, announced that it has simplified its pricing tariff. The move comes in response to “market criticisms over its pricing,” said the bulletin. From now on carriers will be …
