New York is considering installing surveillance cameras in Lower Manhattan in its fight against terrorism, similar to the “ring of steel” in London. Police department experts visited London in the fall to look at its system of closed-circuit cameras posted …
Joseph Beneducci has been elected to president and chief operating officer of Fireman’s Fund Insurance Company, in Novato, Calif., according to Charles Kavitsky, chief executive officer. Beneducci was named executive vice president and chief operating officer in May 2003. Among …
The Boston-area public transit agency, the Massachusetts Bay Transit Authority, has renewed its terrorism insurance policy. The policy includes a $350,000 deductible and would cover up to $500 million in damage to MBTA property, or about 10 percent of the …
Non-franchised Auto DealersNuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …
Supporters of federal legislation to create a $140 billion trust fund for victims of asbestos exposure won a critical victory earlier this month when the Senate voted to bring the bill to the full Senate for debate later this session. …
While shopping for turkey last Thanksgiving, it would have been good to pause and appreciate those millions of independent small businesses that provide the goods and services this thriving nation depends upon. Today, such enterprises form the economic bedrock of …
Ever wonder why independent insurance agents are so effective and respected in legislative circles? Look no further than the recent Legislative Day sponsored by the Independent Insurance Agents and Brokers of New York Inc. on Feb. 7 in Albany. This …
Upon completion of the GEIS and Swiss Re merger, previously announced in November 2005, Standard & Poor’s expects the counterparty credit and financial strength ratings on ERC and related operating (re)insurance affiliates to be raised by one notch to ‘A+’, …
Although Western Europe has been preparing for its arrival for some time, the news that wild birds, infected with the deadly H5N1 virus, have been found in Germany and France still comes as a shock. On a visit to the …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Qatar-based underwriter Qatar Insurance Co. S.A.Q. (QIC) to “A” from “A-” and assigned a stable outlook. “The upgrade is driven …
