At the National Conference of Insurance Legislators (NCOIL) Spring Meeting in Florida, Feb. 23 – 26 , state lawmakers from across the country will examine a draft mega-catastrophe program and, among other things, decide on next steps to promote effective …
The Boston-area public transit agency, the Massachusetts Bay Transit Authority, has renewed its terrorism insurance policy. The policy includes a $350,000 deductible and would cover up to $500 million in damage to MBTA property, or about 10 percent of the …
New York is considering installing surveillance cameras in Lower Manhattan in its fight against terrorism, similar to the “ring of steel” in London. Police department experts visited London in the fall to look at its system of closed-circuit cameras posted …
Lloyd’s is on the verge of suing two of its largest brokers, Aon and Benfield, over the Central Fund reinsurance policy they negotiated with six insurers in 1999. The policy, underwritten by Swiss Re, Employers Re, The St. Paul, Hannover …
The Boston-area public transit agency, the Massachusetts Bay Transit Authority, has renewed its terrorism insurance policy. The policy includes a $350,000 deductible and would cover up to $500 million in damage to MBTA property, or about 10 percent of the …
N.Y. City eyes anti-terror cameras New York is considering installing surveillance cameras in Lower Manhattan in its fight against terrorism, similar to the “ring of steel” in London. Police department experts visited London in the fall to look at its …
A.M. Best Co. has completed its assessment of the U.S. commercial market and is extending its negative outlook for 2006. As a consequence, A.M. Best anticipates that there will be few rating upgrades or positive rating outlooks assigned in 2006 …
Pricing to cover terrorism risks is unlikely to change in the short term following renewal of the federal reinsurance program, however that could change quickly if there is another terrorist event, according to a n industry expert. Dr. James Valverde …
Dozens of federally insured medical providers have been blocked from helping the Gulf Coast recover from Hurricane Katrina because their medical liability protection doesn’t apply outside their own states. Doctors and nurses from community health centers across the country, who …
Those new to property and casualty insurance are reportedly first struck by the cyclical nature of the industry. Generally, extended periods of soft pricing are followed by much shorter periods of hard pricing. After three solid years of price firming, …
