Illinois Governor Rod Blagojevich has declared three more Illinois counties state disaster areas after severe flooding from September 13 and 14 as the aftermath Hurricane Ike hit the Midwest. The governor’s office says the state disaster declaration for Bureau, Kendall …
Atalanta-based Ebix Inc., an international developer and supplier of software and e-commerce solutions to the insurance industry, repurchased 5,000 shares of its common stock for a total cost of $510,000 or $102.00 per share. Ebix disclosed the information on Sept. …
Democratic vice presidential candidate Joe Biden said Republican John McCain protected offshore tax shelters worth billions of dollars to U.S. insurance giants. In a trip to the battleground state 0f Virginia this week, Biden said McCain promised to oppose any …
A new survey shows that nearly one in three doctors in Connecticut are not happy practicing in the state and are considering changing jobs or moving. The University of Connecticut Heath Center’s Institute for Public Health Research surveyed nearly 1,100 …
A bulletin from Aon’s London office concludes that the airline insurance market “is hardening for the first time in five years, with a five percent increase in lead hull and liability premium between January and July in 2008.” Aon explained …
Willis Group Holdings has introduced EPIQSM (Environmental Prospective Identification and Quantification), which it describes as an “an innovative and proprietary process that generates credible loss distributions for environmental risks, even where historic loss data is scarce or not available. “The …
Zurich Financial Services has announced the following appointments within its Risk Management Group. Adrian Zweig (50, Swiss citizen), currently Head of Strategic Asset Allocation and Asset and Liability Management (ALM), has been appointed to the newly created position of Head …
Lloyd’s has reported interim results, which show a marked decline in profits for the first six months of 2008. Nonetheless, compared to what’s been happening in the global financial sector (where Lloyd’s has very little exposure), profits were better on …
Swiss Re said on Thursday its investment portfolio remains sound despite tough financial markets and reaffirmed its targets as additional writedowns were lower than many had expected. The world’s largest reinsurer also said it had taken steps to reduce its …
In the wake of the deadly train collision in Los Angeles, California’s U.S. senators are questioning a federal law that sets a $200 million limit on damage payouts to victims of a train crash. With 25 dead and more than …
