The CEO’s of four insurance carriers will be participating in a panel discussion this October at the Target Markets Program Administrators Summit in Tempe, Ariz. Among the industry leaders presenting are Kevin Kelley from Lexington Insurance, Seth Freudberg from the …
Risk Management Solutions (RMS) projected that Hurricane Isabel could cause insured losses in the $500 million range if the storm continues on its current track toward Cape Lookout in North Carolina. If the storm makes landfall further north, with a …
In a 6-4 vote Sept. 17, the National Association of Insurance Commissioners (NAIC) top-level Financial Condition (E)Committee gave a tentative endorsement to allowing securities broker-dealers to function additionally as custodians of insurers’ portfolio assets. The specter of the Frankel scandal …
Insurers must be more disciplined in their underwriting and pricing, or they will continue to face unacceptable losses in the homeowners insurance market. That was the advice from a panel of experts at the Annual Underwriting Conference this week in …
Walnut Creek, Calif.-based GlobeXplorer LLC announced an agreement with CDS Business Mapping LLC to provide online aerial photography for CDS’ insurance analysis packages. GlobeXplorer is a wholly-owned subsidiary of Stewart Information Services Corp. “We found that our clients had a …
The Washington Department of Labor and Industries (L&I) proposed increasing workers’ compensation premiums by 19.4 percent in 2004. Assuming the economy holds steady, the rate increase will bring revenues in line with the workers’ compensation benefits and expenses next year. …
Insurers must begin planning now for the expiration of a federal terrorism insurance backstop program, even though there’s no guarantee that reinsurance will be available if the federal backstop is allowed to expire as planned at the end of 2005. …
Community Banks Inc. has completed its acquisition of Your Insurance Partner, with offices in Mechanicsburg and Dillsburg, Pa. Going forward, Your Insurance Partner will continue to operate as a division of Community Banks Insurance Services LLC, through the current locations …
With Hurricane Isabel threatening North Carolina’s coast, Insurance Commissioner Jim Long today released a comprehensive list of consumer tips to address questions frequently encountered by North Carolinians preparing for the storm. These tips answer common questions about how to prepare …
Kentucky Insurance Commissioner Janie A. Miller rejected the filing from an advisory organization expected to be used by most carriers to develop rates for workers’ compensation insurance. According to the Kentucky Department of Insurance, the filing by the National Council …
