Sophisticated catastrophe models are greatly aiding commercial insurance actuaries in establishing underwriting and pricing guidelines for terrorist attacks, according to industry experts at this week’s Casualty Actuarial Society’s (CAS) annual Seminar on Ratemaking in Atlanta. A panel session on “Actuarial …
West Des Moines, Iowa-based Hawkeye-Security Insurance, a member of Liberty Mutual Group, announced today that it will host its first, free Safer Schools Seminar on Wednesday, April 18th at St. Olaf College in Northfield, Minn. from 9 a.m. to 4p.m. …
Two aging fireboats that helped fight the inferno caused by the Sept. 11, 2001 terrorist attacks on the World Trade Center will be replaced by gleaming vessels that are larger and far more powerful, New York City fire officials said. …
Willis Group Holdings Limited has amended the employment agreement with Chairman and Chief Executive Officer Joseph J. Plumeri to extend its term for an additional year. The employment agreement, which was scheduled to expire Oct. 15, 2008, will now expire …
Fed role “It is clear that the government has got to step in.” U.S. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, supporting a national program to backup private hurricane and flood insurance markets. Sponged-off “It is …
People Willis Group Holdings Limited has amended the employment agreement with Chairman and Chief Executive Officer Joseph J. Plumeri to extend its term for an additional year. The employment agreement, which was scheduled to expire Oct. 15, 2008, will now …
Jane L. Cline was first appointed West Virginia Insurance Commissioner in January 2001 and reappointed by current Gov. Joe Manchin. In addition to her responsibilities as Insurance Commissioner, Cline serves as Secretary-Treasurer of the National Association of Insurance Commissioners, as …
The hallmarks of John Morrison’s legacy as Montana State Auditor, the Commissioner of Insurance and Securities, is to help provide more affordable coverage. For instance, the state is one of the leading captive domiciles in the West and has made …
News Currents A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although Best says there continues to be evidence of pricing deterioration, the level of deterioration thus …
Washington warming to national disaster plan idea Sen. Dodd says hurricane and flood disasters are not just a local issue, but a national one A proposal for a national disaster plan to backup private hurricane and flood insurance markets appears …
