The Independent Insurance Agents & Brokers of New York has issued a bulletin reminding its member agencies and brokerages to keep in mind that the National Flood Insurance Program (NFIP) requires a waiting period before a flood policy is issued. …
Bermuda-based White Mountains Insurance Group, Ltd. announced that it and funds managed by Prospector Partners, LLC have decided to withdraw their proposed secondary offering of approximately 4,785,540 common shares of Montpelier Re Holdings Ltd. pursuant to an effective shelf registration …
Bermuda-based AXIS Capital Holdings Limited announced that it has appointed Andreas Thiele to the new position of Senior Vice President Director, Asia Pacific Region. The Company said it is “currently reviewing plans for a local presence in Asia,” and noted …
A.M. Best Co. and Standard & Poor’s Ratings Services have both issued comments indicting that their ratings on the U.K.’s Royal & Sun Alliance Insurance Group plc will not be affected by the group’s reported decrease in earnings for 2003 …
Moody’s Investors Service’s latest forecasts for the Lloyd’s of London insurance market indicate that Lloyd’s could record profits totaling around £6 billion ($10.8 billion) for the 2002 to 2004 years of account, with the cumulative returns on capacity equaling the …
The issue of credit-based insurance scoring will once again reportedly be the subject of much discussion and attention during the spring meeting of the National Association of Insurance Commissioners (NAIC) in New York, which begins this weekend, the American Insurance …
The Oklahoma House of Representatives, concluding what has reportedly been a grueling three weeks of public policy debate, passed a workers’ compensation reform bill designed to keep a lid on costs. According to the House media services division, looming term …
Chicago-based brokerage giant Aon Corp. has formed Aon Alternative Risk Underwriting (ARU), a managing general underwriter that provides group captive solutions for middle-market U.S. companies. Working through independent agents and brokers, ARU group captive solutions are aimed principally at private …
Mississippi Insurance Commissioner George Dale announced that the Mississippi State Rating Bureau has upgraded the public fire protection facilities of the Fisher Ferry Fire Protection District in Warren County. The fire prevention and protection facilities of the Fisher Ferry Fire …
A 25-year-old Central Washington man, Fernando Palestino, has pleaded guilty in Chelan County Superior Court to first-degree theft, second-degree perjury and first-degree identity theft after he was caught working at a variety of jobs while he was collecting workers’ compensation …
