At a June 21 congressional hearing in Washington, D.C., insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …
Standard & Poor’s Ratings Services’ Insurance 2007 conference, held June 3-5 in New York City, has yielded some valuable advice from three industry leaders on how to properly employ models. S&P noted that the increasing use of predictive modeling tools …
Arthur J. Gallagher (UK) Limited in conjunction with MAP, a specialist insurer at Lloyd’s, has launched an insurance facility for terrorism liability. The new product aims to provide coverage for tourist and study programs in Israel and neighboring countries. Gallagher …
A computer simulation of the 2001 World Trade Center attacks supports a federal agency’s findings that the initial impact from the hijacked airplanes stripped away crucial fireproofing material and that the weakened towers collapsed under their own weight. The two-year …
Marsh UK has launched a new hotel facility for individual hotels and small chains. The broker described its “Specialized Products Hotel Facility” as the “first product of its kind in the market” with “exceptionally broad” coverage – all lines cover, …
Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney Frank — have introduced H.R. 2761, the Terrorism …
Marsh & McLennan Companies has vigorously defended its use of photographs in a recent ad campaign against the suggestion in a New York newspaper article that they contain images of the Twin Towers of the World Trade Center. The risk …
8 Storms of 2007 State has until October to decide on no-fault’s fate 8 Fla. extends police, firefighter workers’ comp benefits Eases eligibility for first responders 10 S.C. reforms workers’ comp anti-fraud, injury reporting law Gets tough with cheaters and …
Global broker Willis, in its latest “Property Alert,” indicated that the “the global capacity, pricing regimens, terms and conditions for both cat risks and non-cat risks in the global property insurance market are changing more rapidly than many would have …
Study: Calif. workers’ comp reforms are working Yet risk managers say keeping workers safe and costs down still major concerns California employers and insurers have started to see — and should continue to see — significant results from workers’ compensation …
