The World Bank and Caribbean nations are exploring the creation of a new fund to insure island nations against hurricanes and other natural disasters. Representatives from 18 Caribbean countries gathered Monday in Washington to discuss the bank’s first program to …
Actuaries, those number-crunching whizzes who help determine insurance premiums based on the odds of bad things happening, are in high demand these days, because new mathematical models are needed to respond to natural disaster trends and the growing complexity of …
Tower Group, Inc. reported its financial results for the fourth quarter of 2006, including a 45 percent increase in net income to $9.5 million as compared to net income of $6.6 million in the fourth quarter of 2005. For the …
This could be the people’s year in Tallahassee, if you believe state lawmakers. “There is a feeling out there that we in government aren’t listening, that in the sound and fury of partisan politics, the people’s voices are not being …
Oklahoma still has 650,000 citizens without health insurance, but Gov. Brad Henry hopes to chip away at the problem with two bills winding their way through the 2007 Legislature. According to the U.S. Census Bureau, Oklahoma has the fourth highest …
Privately-held insurance broker Lockton Companies, LLC has expanded its New York team with the addition of Ray Beegle as senior vice president and Property Practice leader. Beegle is responsible for New York’s property operations, and will provide consultation on global …
A.I. Risk Specialists Insurance, Inc., a member company of American International Group, Inc., has introduced AI Risk Radiology Solutions, a portfolio of property and casualty insurance coverages written specifically to address risks of diagnostic radiology facilities. These coverages will be …
USI Holdings Corp. announced the acquisition of Memphis, Tenn.-based H.W. Gates Agency, Inc., which serves the Memphis metro area. Gates is expected to contribute approximately $1.0 million of revenues to USI on an annual basis. Commenting on the acquisition, Jeffrey …
Aided by lower than expected catastrophe losses and strong underwriting, Liberty Mutual Group reported net income of $455 million and $1.626 billion for the fourth quarter and 12 months ended December 31, 2006, respectively, an increase of $202 million and …
Cincinnati-based Ward Group, a provider of benchmarking and best practices consulting services, is conducting an in-depth study of employee benefits at insurance companies. The study will provide extensive information about the design of employee benefit plans, including medical, dental and …
