Minneapolis-based reinsurance broker John B. Collins Associates has named Patrick Hirigoyen vice president of marketing and communications. Collins brokers reinsurance for clients in the property/casualty, life, and accident and health insurance markets. The firm has offices across the United States …
The Connecticut state Senate has approved a series of measures designed to lower medical malpractice insurance rates for physicians, who say rising premiums are threatening the availability of medical care in Connecticut. Senators approved the reform package on a 27-9 …
The Liquor Liability Joint Underwriting Association of Massachusetts now offers coverage up to $1 million per person and $1 million per occurrence. The previous coverage limit was $500,000 per person and $1 million per occurrence ($500,000/$1 million). “This improvement will …
Quiana Riggins and Lesley Johnson were ordered yesterday by the U.S. District Court in Miami to repay the Federal Emergency Management Agency for funds they received after filing false hurricane damage claims. Riggins and Johnson, the first two Miami-Dade County …
Standard & Poor’s Ratings Services has issued its assessment on the U.S. reinsurance sector, which concludes that it remains stable, even though there have been declines in pricing. S&P notes: “The market has witnessed some softening in terms and conditions, …
The European Parliament has voted its approval of new laws and regulations, which now need to be approved by EU member governments, for the regulation of the reinsurance industry within the 25-member block. The proposed legislation, known as the “Reinsurance …
Zurich Financial Services Group has announced the appointment of Jane Tutoki, 46, to the new position of Group Chief Claims Officer for the General Insurance business. She will be reporting directly to John Amore, CEO of General Insurance. Zurich noted …
St Paul/Travelers (SPT) has become the latest Lloyd’s market insurer to pledge its support for the Kinnect electronic platform that has been in development for the last three years. The SPT division, which operates as a Lloyd’s Managing General Agent …
Standard & Poor’s Ratings Services new assessment of the outlook on the U.S. reinsurance sector finds that it continues to be stable (See related article in “National “), “but only because of parental support.” The study, entitled “U.S. Reinsurer Mid-Year …
GE Insurance Solutions and the Institute of Insurance Economics of Switzerland’s University of St. Gallen have issued a joint study of the German reinsurance market from the point of view of the buyer, the primary insurers who rely on reinsurance …
