A measure requiring teenagers in Oklahoma to take a boater safety course before operating boats and jet skis moved one step closer to becoming law after passing the House of Representatives. Senate Bill 1495, by State Sen. Kenneth Corn (D-Poteau) …
Summit, which provides workers’ compensation insurance services, announced it has hired Chris Neyrey to fill the company’s new position of Southwest Region director of Sales and Agency Relations. Neyrey will oversee Summit’s sales operations in Louisiana, Mississippi, Alabama and Arkansas. …
State Farm Fire and Casualty Co. is paying for Hurricane Katrina property losses when evidence shows that wind caused the damage, James Burwell, claims manager, wrote in a letter to the Mississippi Insurance Commission. But this is news to policyholders …
Illinois’s ISMIE Mutual Insurance Company, the state’s largest medical malpractice insurer, announced this week that it will cut its average premiums by 5.2 percent starting July 1, 2006. The announcement by ISMIE came less than a month after the state’s …
The National Association of Mutual Insurance Companies has named Kent Osborn, treasurer of the Mo.-based Cameron Mutual Insurance Company, as the new chair of its state advocacy committee. Osborn has been selected to serve a two-year term. The committee is …
Fire protection and medical help remains free, but the Hartford Fire Department will soon be charging insurers for other emergency services it provides. The department, in the next week or so, will begin billing insurance companies for certain situations such …
Liberty International Underwriters, a division of Liberty Mutual Group, has opened a North Asia Regional Office in Quarry Bay, Hong Kong. “The explosive growth of specialty insurance in Asia is underscored by Lloyd’s assessment of the market,” said the bulletin. …
A bulletin from Australia’s Insurance Disaster Response Organisation (IDRO) notes that claims from Cyclone Larry, which devastated parts of Northern Queensland last month (See IJ Website March 21 and updates) have now reached A$350 million (U.S.$255.8 million). IDRO said that …
Global broker Willis Group Holdings announced that its Inspace division has been “further strengthened by the opening of a new office in France, Willis Aerospace Consulting (WAC).” Willis’ new operation is in Neuilly-sur-Seine, just outside Paris. The bulletin said the …
Standard & Poor’s Ratings Services announced that it has revised its criteria for measuring the catastrophe risk of primary P/C insurance companies, according to an article published today. The article, which is titled “Property/Casualty Insurance Criteria: Primary Insurer Catastrophe Capital …
