New York City is not immune from liability in 8,000 cases accusing it and others of failing to properly protect workers cleaning up the World Trade Center site after the 2001 terrorist attacks, a federal appeals court panel suggested recently. …
Surplus lines execs search for common ground The independent nature of surplus lines professionals was apparent when a panel of industry executives discussed current issues at the recent National Association of Surplus Lines Offices convention, recently held in New Orleans. …
This fall is an off-year election season with only a handful of federal races and most state houses gearing up for contests in 2008. However there are some races — a hotly-debated referendum in Washington and key elections in Mississippi, …
As the reinsurance industry increasingly moves offshore, U.S. insurance regulators are rethinking current rules that require only non-U.S. reinsurers to post collateral equal to the full amount of their liabilities to U.S. insurers. Foreign reinsurers have long fought against the …
Lloyd’s has announced the launch of its new graduate recruitment program in an expanded effort to “recruit fresh talent and ideas to the insurance industry.” The program is scheduled to run for 18 months and features a web site – …
Non-U.S. reinsurers would no longer have to post collateral to operate in New York as long as they have the highest credit ratings. Also, all reinsurers — even U.S.-based — without the highest credit ratings would have to post collateral …
Senate leaders have agreed on a bill to renew the federal terrorism reinsurance program, although without some of the added provisions and for not as long as the House of Representatives wants. The Senate Banking Committee, chaired by Sen. Chris …
He’s said it before, and he’s said again. In a forceful open letter printed in the Financial Times (FT), Lloyd’s Chairman Lord Peter Levene wrote that it is “extraordinary that the US does not offer a level playing field for …
Marsh announced from London that it has appointed Chris Houston as a Senior Consultant in its Property Risk Consulting team. He will provide property risk consulting services to clients in the London area and south of England. Houston joins Marsh …
The world is a dangerous place, and sometimes a very confusing one. Specialist insurer Hiscox has met the challenge of trying to separate outbreaks of “war, terrorism and political violence” as they “become increasingly blurred.” The Company, which is headquartered …
