The American Insurance Association (AIA) reported that the California State Assembly has granted a rule waiver to allow the Assembly Banking Committee to reconsider a critical financial privacy measure, SB 773, by Jackie Speier (D-Hillsborough). The Assembly Banking Committee, which …
A new report completed by Tillinghast-Towers Perrin presents the current state of the California Earthquake Authority (CEA) in a positive light. The “CEA Project Consulting Team Report,” was commissioned by the CEA Governing Board to analyze the entity’s current structure …
The Chubb Corp. announced its second quarter profits would drop by more than 25 percent from last year, mainly due to losses from Tropical Storm Allison, which did much damage in Texas, Louisiana and other parts of the Southeastern U.S. …
AIG eBusiness Risk Solutions, a division of American International Companies, formed an alliance with Computer Associates International Inc. (CA) to help AIGnetAdvantage Suite(SM) insureds manage Internet security risks. According to the company, the alliance enables eligible AIGnetAdvantage Security and AIGnetAdvantage …
According to the American Insurance Association (AIA), the first in a series of guidance materials intended to clarify key provisions of the new federal privacy protections for medical records and other personal health information does not address issues raised by …
Standard & Poor’s revised its outlook on the personal lines property/casualty sector (i.e., home and auto insurance) of the U.S. insurance industry to negative from stable. In conjunction with this rating action, S&P revised its outlook on Prudential Property & …
Chicago-based CNA Management & Professional Liability Insurance has made available its exclusive Community Associations partnership with Ian H. Graham Inc. According to CNA Managing Director John Brand, the two share a common vision of how to properly serve the Community …
A new report from international financial analysts Standard & Poor’s sees substantial growth potential in Latin America and analyzes the prospects of the region’s 50 largest insurers. Highlights of the report show that insurance markets in the region account for …
London-based weather analyst Tropical Storm Risk (TSR) has predicted more storm activity in the Atlantic this year than previously expected, with the possible formation of 6 potentially deadly hurricanes from a total of 13 tropical disturbances. TSR is supported by …
The American Insurance Association continued its longtime support of “Normal Trading Relations” with China and its entry into the World Trade Organization at hearings held Tuesday by the House Ways and Means Committee. The AIA cited the following insurance related …
