Terrorism News

Business Moves

Royal & Sun A state hearing officer recommended Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal and Sun Alliance Insurance Group’s U.S. operations. The subject of a lengthy hearing last month, the proposed buyout awaits …

Thomas Hampton, District of Columbia, Commissioner, Department of Securities, Insurance and Banking

Thomas Hampton, commissioner of the District of Columbia Department of Securities, Insurance and Banking. Hampton, who was reappointed to his post by Mayor Adrian M. Fenty in January, discusses the District’s campaign to attract captive insurers, the renewal of the …

Royal Sun U.S. Buyout Can Proceed Subject to Conditions

Delaware Insurance Commissioner Matthew Denn has conditionally approved a management buyout of Royal & Sun Alliance Insurance Group’s U.S. operations, even while chastising the company’s British parent for its practices. Denn ruled that there is essentially no legal or financial …

Agents Prepare for Legislative Summit in Washington

Members of the National Association of Professional Insurance Agents will convene on Capitol Hill in Washington, D.C. on March 28 and 29, 2007 for their 25th annual Federal Legislative Summit. The 2007 PIA Federal Legislative Summit is a gathering of …

Declarations

Common thread “The common threat that brought us together is terrorism. That was our springboard.” Jonathan Edmondson, operations manager of the British Red Cross, at a meeting in New York of government and American Red Cross disaster experts from New …

Don’t be fooled: Extreme weather, terrorism risks not going away

Now is no time to ease up on loss prevention, warns risk expert. The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism …

One-on-one interviews with 15 insurance regulators

One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their state insurance markets, as well as industry-wide concerns. Regulators …

The Commissioners Series: Ala.’s Bell, NAIC President, Pursues Strategic Plan

As president of the National Association of Insurance Commissioners, Alabama Insurance Commissioner Walter Bell has made developing a strategic plan for the national organization of state regulators a top priority. Bell sees a plan that incorporates evaluations on a quarterly …

Industry forecast predicts slower premium growth in 2007 and 2008

Despite slow-down, industry still anticipates underwriting profits Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals released each year on Feb. 2, …

Don’t be fooled: Extreme weather, terrorism risks not going away

The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and insurance. “It’s part …