Congress’s inability to act leaves many in flood prone areas vulnerable – for the second time this year and the fourth in 12 months’ time. When it rains it pours, as the saying goes. By extension, one could say that …
Trains, Ships and Trucks
Maritime Law May Limit Compensation for Cargo Damages During the Inland Transportation Part of a Journey That Originated Overseas. In disputes regarding damage to cargo transported over land and water, it is important for agents that are placing insurance to …
New Markets
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Speaker and Entertainer No-Show, Cancellation Coverage Market Detail: HCC Specialty Underwriters can provide coverage for …
P/C Trade Groups Join GNAIE in Opposing Unitary Accounting Standard
The Group of North American Insurance Enterprises (GNAIE), an association representing the Chief Financial Officers of major life insurance companies in Bermuda, Canada, and the United States, has joined with four other insurance industry trade associations based in North and …
Schiappa Joins Maclean, Oddy & Associates
Excess and surplus lines broker Maclean, Oddy & Associates Inc. (MOA) has appointed Sharon Schiappa as vice president and producer. Schiappa is based in Houston. Schiappa brings more than 25 years of marine and energy insurance experience to MOA, working …
Guy Carpenter Terrorism Report: Insurance Supply Outpaces Demand
Guy Carpenter, Marsh’s reinsurance brokerage and risk assessment division, has published “Terrorism: Reinsurers Standing By.” It concludes that “insurers and reinsurers have become increasingly sophisticated in their use of expert advice to monitor the political climate and dynamic nature of …
BP Oil Spill Losses Hit Reinsurers; Premiums Jump
Reinsurers have bumped up prices for offshore energy-related insurance premiums by 50 percent following insurance industry losses of up to $3.5 billion from the BP plc oil spill in the Gulf of Mexico, Moody’s Investor Service said in a report …
Chartis Renames Small Business Division as Growth Enterprises
Chartis has renamed one of its divisions as Growth Enterprises, replacing the previous division name, Small Business. Growth Enterprises, established in 2001, delivers products and platforms to growing companies in a wide range of industries. Based in Berkeley Heights, New …
CSU Team Increases 2010 Atlantic Hurricane Forecast to 10
The 2010 Atlantic hurricane season is likely to produce 10 hurricanes, five of them major, the Colorado State University hurricane forecasting team said Wednesday, increasing a previous estimate for a “very active” season. The report confirms earlier warnings that more …
WTO Questions China’s Export Barriers
China’s curbs on exports of some raw materials to conserve resources may not meet the stated goals, while giving Chinese manufacturers an unfair advantage, the World Trade Organization said on Monday. The remarks, in a report prepared for China’s two-yearly …
