The Inland Marine Underwriters Association’s Southwest Advisory Committee announced that its March 22 seminar in Dallas will cover builder’s risk, underwriting medical diagnostic imaging equipment and the exposures that crane underwriters face. The seminar will take place from 8:00 a.m. …
The United States Supreme Court has ruled that workers injured on dredges like one used in the Big Dig construction are not limited to workers compensation but may also sue the vessel’s owner for negligence. Writing for the court in …
U.S.I. Holdings Corporation has appointed Philip W. Remig as president of its Mid-Atlantic offices in Trooper and Allentown, Pennsylvania. Remig joins USI from Aon Risk Services where he held various positions during the past 10 years including middle market practice …
CareFirst BlueCross BlueShield has announced that it will absorb the 2 percent premium tax passed by the Maryland legislature in January to help pay for medical malpractice insurance assistance rather than pass along the cost to the 330,000 members of …
The North Carolina Insurance Commission shared information about the insurance industry and insurance regulation last week in Raleigh as it welcomed 19 hospital administrators and head physicians from Armenia, Azerbijian, Georgia, Moldovia and the Ukraine. The group came to Raleigh …
Bermuda-based RenaissanceRe Holdings Ltd. announced that it is planning to restate its financial statements for the years ended December 31, 2001, 2002 and 2003 “to correct accounting errors associated with reinsurance ceded by the Company.” RenRe said the “net effect …
An earthquake measuring 6.4 on the Richter Scale struck near the town of Zarand in Kerman Province in Eastern Iran Tuesday morning, Feb. 22. Some 420 people are reported to have died and another 900 injured. The area, some 740 …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Bermuda-based Allied World Assurance Company, Ltd. (AWAC) and its reinsured operating subsidiaries with a stable outlook. “The rating reflects AWAC’s superior risk-based capitalization, solid …
Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance and risk consulting services through its subsidiaries, announced the opening of a London insurance branch following the receipt, by its subsidiary Quanta Europe Ltd, of approval from the Financial Services …
Ck Specialty Insurance Associates Inc., a surplus line broker and managing general agent, has expanded operations into Oregon with a new office in Sherwood, just south of Portland in Washington County. Ck Specialty offers various markets that allow for the …
