Turkey News

Fla. Cabinet’s Emergency Rule ‘Holds Insurers Feet to the Fire’ to Expedite Open Hurricane Claims

In response to a call by the Florida’s Chief Financial Officer Tom Gallagher, Gov. Jeb Bush and the Cabinet has approved an emergency rule to expedite the resolution of open claims from last year’s tropical storm and four hurricanes. The …

CFO Slates Meetings March 19 in Orlando; April 2 in Ft. Pierce, Fla.

Florida homeowners will still have two opportunities to discuss hurricane-related insurance problems with CFO Tom Gallagher, his staff and insurance company representatives March 19 in Orlando and April 2 in Fort Pierce. Gallagher’s March 19 meeting will be the his …

500 Consumers Attend Punta Gorda, Fla. Town Hall Meetings; Gallagher, Insurance Reps Hear Complaints

More than 100 consumers spent five-and-a-half hours March 12 voicing their concerns about unpaid insurance claims in the aftermath of Hurricane Charley at a town hall meeting in Punta Gorda, Fla. attended by Chief Financial Officer Tom Gallagher and his …

Fla. CFO Reports Dates, Locations for Town Hall Meetings in Hurricane-Impacted Areas

Dates and locations for town hall meetings to assist Floridians still recovering from last year’s hurricanes have been announced by Florida’s Chief Financial Officer Tom Gallagher. The first meeting will be held March 2 in Pensacola at the Pensacola Civic …

AIR’s Mediterranean Region Earthquake Model Now Available in CLASIC/2

AIR Worldwide Corp. (AIR) announced its Mediterranean Region Earthquake Model is now available in its detailed risk modeling software system, CLASIC/2. The update enables European primary insurers, brokers, and reinsurers to more accurately estimate earthquake losses by incorporating risk specific …

Nine Armenian Charity Groups to Get $3M of Insurance

Nine Armenian charitable groups will receive $3 million over the next two weeks as part of a $20 million settlement between an insurance company and descendants of Armenians killed nearly 90 years ago in the Turkish Ottoman Empire. Five organizations …

Axa Reported in Serious Talks with Credit Suisse to Acquire Winterthur

A report from the Financial Times indicates that France’s Axa Group is in serious discussions with Credit Suisse to acquire Winterthur, the banking group’s insurance division. Credit Suisse had dropped hints earlier this month that it would be interested in …

Sovereign Risk Completes $200 Million Capital Markets Transaction in Turkey

Sovereign Risk Insurance Ltd. has announced the issuance of an innovative political risk insurance policy assisting Finans Bank A.S., Turkey’s fifth-largest privately owned bank, to raise tier-two capital in the international capital markets. “The policy supports a landmark transaction involving …

R&M Releases International Reinsurance Review

Dublin-based Research and Markets announced the addition of International Reinsurance Review 2004 / 05 to their offering. “The need for true (re)insurance professionals to be kept up to date on a multitude of issues has never been more important in …

Keenan Names Former Mayor to Advisory Board

Keenan, one of the largest privately held brokerage firms in California, announced the appointment of Art Agnos to its Advisory Board. Agnos is the former Mayor of San Francisco, 1988-1992. He also served as California State Assemblyman for the 16th …