Insurance Companies Generate New Programs to Bring in Additional Premium The last few years of the soft market have forced many carriers and agencies to get creative when it comes to bringing in additional premium. This has included launching new …
U.S. Congressman Charlie Melancon (LA-03) sent a letter to the nation’s top fire official requesting his assistance in protecting homeowners from toxic Chinese drywall. In his letter to U.S. Fire Administrator Kelvin Cochran, Congressman Melancon noted that corrosion of electrical …
In the wake of last month’s tsunami in Chile and less than six months after a tsunami hit American Samoa — both events that resulted in loss of life and property — The National Oceanic and Atmospheric Administration and the …
The Illinois Department of Insurance has developed a “Top Ten” list of changes to the performance, transparency and accountability of health insurers and health insurance products in Illinois expected to result from national health care reform. “While speculation and mythology …
Kentucky Shock “Shame on you for the blatant, arrogant, self-effacing abuses. Equally shocking is for the board to allow executives involved in the oversight of such abuses to remain.” —Cold Spring Mayor Mark Stoeber in a letter to the Kentucky …
Because of the threshold amount, many acts of domestic terrorism may not be certified. Even under the TRIA, insurers may exclude coverage for loss resulting from ‘non-certified’ acts of terrorism. After the smoke cleared and the tragedy was realized, the …
There were an estimated 30,500 intentionally set structure fires in the United States in 2008 that resulted in some $866 million in property loss, according to the U.S. Fire Administration (USFA). Intentionally set structure fires also resulted in 315 civilian …
Members of the World Trade Organization are likely to conclude next week that it will take a political miracle to agree a new trade deal this year, consigning yet another Doha round deadline to the dustbin. The U.S. and European …
As the U.S. Congress once again rallies to pass healthcare reform legislation, momentum is growing in many states to pass laws to block the changes — a move that could lead to a legal battle over states’ sovereignty. Bills and …
Bermuda-based Allied World Assurance Company Holdings has announced a number of senior-level promotions effective March 1, 2010. In Bermuda, Tracey Gibbons was promoted from Vice President, Casualty Treaty Reinsurance to Senior Vice President, Specialty Reinsurance. Marchelle Lewis was promoted from …
