Best Practices is a new Insurance Journal column that profiles how some of the nation’s top performing agencies run their operations. IJ’s Publisher Mark Wells recently interviewed William Curtis, managing partner and chief executive officer of SullivanCurtisMonroe based in Irvine, …
Bermuda-based property reinsurer PXRE Group Ltd. announced that its net income before convertible preferred share dividends was $41.6 million for the first quarter of 2006, compared to $22.7 million in the first quarter of 2005. The positive result, however, doesn’t …
The American Association of Managing General Agents announced that it has an exclusive license with the Chartered Insurance Institute to offer the Lloyd’s of London Market Insurance Test. Passing the test is required for all brokers doing business in London.
The U.K.’s House of Lords handed down judgments on May 3 in three major cases involving employers and their insurers’ liability for damages to workers and their families resulting from asbestos related diseases. The decision in the case of Barker …
Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006 is going to …
Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society Bench-mark Survey. The survey, conducted by Advisen Ltd., …
Risk experts are warning insurance companies that they may be underestimating their risk if they assume that a new influenza pandemic would be no worse than the 1918 influenza pandemic. While some published studies have already illustrated the effects of …
We waited many years for a hard insurance market to get here, and it appears that to a large extent it is already over. While rates and premiums still appear to be at adequate levels, most lines of business appear …
About 40 percent of the medical malpractice cases filed in the United States are groundless, according to a Harvard analysis of the hotly debated issue that pits trial lawyers against doctors, with lawmakers in the middle. Many of the lawsuits …
Senate Republican leaders have again failed in their efforts to place limits on medical malpractice pain and suffering awards. Senate Democrats successfully stymied two Republican bills, one a broad bill affecting medical malpractice claims against all providers and the other, …
