Following a nationwide search, California Insurance Commissioner Steve Poizner announced his choice for general counsel at the Department of Insurance. Adam M. Cole comes to the DOI from the San Francisco-based office of the law firm Heller Ehrman LLP, where …
AIR Worldwide Corporation has released an updated version of its U.S. Terrorism Model, which is available in Version 9.5 of its catastrophe risk management systems. AIR said the new model is the result of “two years of research into the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and assigned issuer credit ratings (ICR) of “aa” to the Ancon Insurance and Petroleum Casualty Group. They apply to Vermont-based Ancon Insurance Company, Inc. and its reinsured …
“The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the Xchanging Conference in Brighton,yesterday, …
Los Angeles-based entertainment insurance broker CMM Entertainment has released its World Risk Guide measuring risks for film and television producers in every country in the world. “The World Risk Guide measures crime, terrorism, kidnapping, disease and medical care risk” explained …
New York Insurance Superintendent Eric Dinallo today released a draft regulation that he says would make the New York Insurance Department the first in the nation to establish principles-based regulation. The draft includes 10 principles for the industry and is …
Threats from terrorists have become a subject nobody can ignore – least of all the insurance industry. To meet those threats requires knowing who the terrorists are and how they operate. Lloyd’s recent seminar “Sharing Lessons on Terrorism” in New …
After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Congress responded in 2002 with a federal backstop — …
More members of Congress hail from backgrounds as state legislators than any other occupation. This means that the exposure of these former state-turned-federal lawmakers to insurance issues typically involved auto insurance, according to the powerful U.S. Rep. Barney Frank, D-Mass., …
After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Congress responded in 2002 with a federal backstop — …
