Declaring the Terrorism Risk Insurance Act (TRIA) “an essential policyholder protection,” Edmund F. (Ted) Kelly, Liberty Mutual Group chairman, president and CEO, this week urged the National Association of Insurance Commissioners and the President’s Working Group on Financial Markets to …
The American Academy of Actuaries disclosed that a future large terrorist attack in New York City could result in $778 billion in insured losses. Speaking at the National Association of Insurance Commissioners public hearing on “Terrorism Insurance Matters,” Michael McCarter, …
As the owner of his family’s 28-year-old company, Kurt Summers is one of the few Texas businessmen that pay state business taxes. The roughly $8,000-a-year that he pays on Austin Generator Service is a tax that Gov. Rick Perry recently …
The Professional Insurance Agents of Florida has announced that a seven-member delegation including Mark O’Connell, president, will participate in PIA’s 2006 Federal Legislative Summit and voice their opinions about key issues to members of the U.S. Congress in Washington, D.C. …
Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following the recent publication of most companies 2005 preliminary earnings figures. He …
The nation’s largest insurance association called today for the creation of an effective, long-term mechanism to manage the unique risk posed by terrorist attacks. Independent insurance agent Sharon Emek, Ph.D., CIC, a partner with New York-based CBS Coverage Group, Inc., …
According to Aon’s first “Global Market Property Tracker” the “slide in international property insurance rates” appears to be continuing despite “a number of terrorism incidents around the world and the worst year on record for natural disasters.” The only exceptions …
The U.S. property/casualty insurance industry will report deterioration in profitability in 2005 because insured catastrophe losses reached record levels in 2005, Fitch Ratings said. The decrease in profitability is largely due to the destruction from Hurricane Katrina, the most devastating …
The California Commission on Health and Safety and Workers’ Compensation is sponsoring “Forum on Catastrophe Preparedness: Partnering to Protect Workplaces” on Friday, April 7, 2006, at the South San Francisco Conference Center. The conference will bring together leaders in homeland …
“Disease, kidnap and ransom, and terrorism risks pose the greatest threat to global filmmaking,” according to the 2006 Risks in Global Filmmaking Map published today by Aon/Albert G. Ruben. Aon’s bulletin said “the map, which measures crime and corruption, terrorism, …
