Terrorism Risk Insurance Act Déjà Vu
Renewal of TRIA likely to go down to the wire, again It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA) is once again due to expire on Dec. 31, 2007, and as of this writing, no long- …
Terrorism Risk Insurance Act Déjà Vu
It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA) is once again due to expire on Dec. 31, 2007, and as of this writing, no long- or short-term successor program has been decided upon or finalized. The …
Hartford Financial Reports Changes at the Top; Names Marra President
The Hartford Financial Services Group, Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, 48, currently a member of the company’s board of directors and president and chief operating officer of …
S&P: 2007 Mid-Year Outlooks for U.S. P/C Teleconference Today
Standard & Poor’s Ratings Services will hold a telephone conference call today, June 12, 2007, at 11:00 AM Eastern Standard Time, 4:00 PM U.K. Time, to present an overview of its ratings outlooks for the U.S. P/C sector. The conference …
Ratings Recap: Nelson Re/Glacier Re
Standard & Poor’s Ratings Services has assigned its “B” senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …
UK Underwriters Consider Implications of Smoking Ban
The U.K. will soon join a number of other EU countries in imposing a draconian ban on smoking in public places. As of July 1, lighting up in “all enclosed spaces,” including pubs, clubs and workspaces, will be prohibited. As …
CarInsurance.com Enters Mich. Auto Market
CarInsurance.com recently announced that it has expanded its auto insurance agency into Michigan, making it the 21st state where the on-line company does business. CarInsurance.com offers insurance products in all 50 states, Canada and the United Kingdom. CarInsurance.com said it …
Florida Welcomes Insurers to Anxious Market
Eight new insurers entered the property and casualty insurance marketplace in Florida since January 1, 2007 according to the Florida Office of Insurance Regulation The insurers represent a variety of insurance entities including surplus lines, alien, foreign, and domestic property …
Why the United States must make TRIA permanent
It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential terrorist attacks. …
People and Places
National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to his position. He served as president of Coleman …
