Monthly Archives: <span>August 2006</span>

Mo. Department Reorganization Combines Three Divisions

Missouri Insurance Director Dale Finke this week unveiled the new Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP). According to the statement, the new department stems from the transfer of the Divisions of Finance, Credit Unions and Professional …

Major Association Group Selling Program to Members Via D.C. Captive

A major association representing association executives is now utilizing its captive insurance company to market an insurance package to its members. The American Society of Association Executives formed a captive insurance company in the District of Columbia in 2003. In …

Chicago Group Designs Test Study for Underwriting in Urban Markets

Insurers seeking a competitive edge in diverse markets are in the final stages of designing a study that will test a wide array of traditional and non-traditional information. Chicago-based Urban Insurance Partners Institute (UIPI) is sponsoring the study, which will …

In Miss., Dale Urges Mediation to Settle Remaining Katrina Claims

Mississippi Insurance Commissioner George Dale has pledged that the Mississippi Insurance Department will continue to dedicate itself to getting as many Hurricane Katrina claims paid as possible. Citing a report from the industry’s Insurance Information Institute that 94.3 percent of …

Wrongful Death Suit Filed in Boston’s Big Dig Tunnel Collapse

The family of a Boston woman killed when concrete ceiling tiles in a Big Dig highway tunnel fell on her car has filed a wrongful death suit against the Massachusetts Turnpike Authority and nine companies involved in the $14.6 billion …

UPDATE 3: Florida Breathes a Sigh of Relief as Ernesto Fizzles

Despite some scattered power cuts and a lot of rain, Tropical Storm Ernesto has proved to be more of an inconvenience than a disaster for most Florida residents. Ernesto went from a tropical depression to the season’s first hurricane, and …

PC Makers Follow Recalls with Meeting to Address Battery Safety

Dell Inc. and Apple Computer Inc., which recalled nearly 6 million notebook batteries between them this month, are among PC makers planning to meet next month to discuss setting design and safety standards for lithium-ion batteries used in portable electronic …

Wellington Launches U.S. Marine Reinsurance Business

Wellington Underwriting Inc. (WU Inc.), the wholly owned US underwriting agency of U.K.-based Lloyd’s and general insurer Wellington Underwriting plc (Wellington), has launched a new marine reinsurance business for the U.S. market. The announcement noted that WU Inc., which is …

AXIS Names Anderson to Executive Management Group

Bermuda-based AXIS Capital Holdings Limited has appointed Anders C. Anderson to its Executive Management Group. He joined the Company in the new role of Chief Audit Executive during the second quarter of 2006. In that role he directs the daily …

Washbourn Named New Head of London Market’s JWC

The London Market’s Joint War Committee, which represents the interests of London underwriters who insure ships sailing into dangerous waters, has appointed Clive Washbourn as its new chairman. He is currently head of marine at Lloyd’s insurer Beazley, and succeeds …