Risk Management Solutions Inc. (RMS) released the findings of an in-depth study that provides life and personal accident insurers in Japan with key benchmarks for the potential risk of human casualties from catastrophic events. The RMS study, “Catastrophe Mortality in …
Swiss Re announced the results of a survey of top business leaders, conducted in December 2005, at the World Economic Forum’s Annual Meeting in Davos, Switzerland, which opened today. “The study found that, while risk assessment is becoming a more …
The Independent Insurance Agents & Brokers of America is throwing its support behind a study of the need for long-term federal terrorism insurance. The association backs a bipartisan bill introduced in the House of Representatives toward that end. “The long …
New reinsurance regulations proposed by the California Department of Insurance (CDI) are “unnecessary, burdensome and anti-market competition,” according to comments filed by insurance trade associations at CDI hearings in Los Angeles yesterday. “In light of the new financial responsibilities imposed …
A new national survey of 1,000 Americans revealed that Americans are more fearful of car accidents, natural disasters and terrorist attacks than they are of the Avian Bird flu. The national survey was conducted by HCD Research during Jan. 24-25, …
The U.S. should remove existing trade barriers to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s chairman Lord Levene told New York insurance leaders. Emphasizing the increasingly globalized nature of …
Up and down the East coast, much of the most interesting local insurance news in 2005 took place in the courts of law and not in the court of public opinion. A New Jersey Supreme Court ruling allowing people who …
Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s Earlybird Forecast Survey, but the survey of Wall Street stock analysts and industry professionals also indicates that the industry will bounce back in 2006 …
‘The expectation for a third consecutive underwriting profit in 2006 is, of course, predicated on the belief that catastrophe activity will return to more “normal” levels. Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance …
Insurance Journal has launched IJ Broadcasting, an enhanced section on its Web site for multimedia content that will include video and audio interviews, current news and features, educational workshops and other industry-related information. IJ Broadcasting is also making online video …
