Nearing the end of a years-long highly specialized residential construction project, one Hurricane Katrina survivor has become a regular stop for insurance industry representatives touring along the Mississippi Gulf Coast. In some ways, Scott Sundberg of Pass Christian, Miss., is …
Homeowners in New Jersey won’t have to pay the state an extra fee to rebuild their houses after a fire or flood. The state’s Council on Affordable Housing proposed an exemption. The council had come under fire for approving regulations …
A former assemblyman from Queens has been hired to a newly created $140,000-a-year state job — in spite of the governor’s own orders putting a freeze on hiring. The Daily News reports that retired Assemblyman Ivan Lafayette has been named …
Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s already nationally-established standing to fifth largest property and …
Bermuda-based Sovereign Risk Insurance Ltd. announced that Sophie Demeyer will join the Company as a Vice President and Senior Underwriting Officer. She will replace Nila Davda, who is relocating to open Sovereign’s office in Dubai. Demeyer comes to Sovereign from …
A.M. Best announced that a number of leaders of its insurance ratings team will address a variety of important property/casualty market issues in an online briefing set for today, Wednesday, September 24 at 9 a.m. Eastern time. Participation in the …
In a bulletin from its London Office, Aon Consulting notes that an “Advocate-General at the European Court of Justice today rejected Age Concern’s claim that forcing people to retire at or after 65 without compensation breaches EU equality legislation.” Aon …
Bermuda’s PartnerRe Ltd. announced that its early estimate of claims relating to its exposure to Hurricane Ike is currently between $175-$210 million on a pre-tax basis, net of reinstatement premiums. The bulletin described Ike’s passage through Texas, which caused significant …
In testimony before the U.S. International Trade Commission, the Property Casualty Insurers Association of America (PCI) stressed the “importance of the U.S.-China insurance trade relationship.” The PCI also told the Commissioners of the “need to allow foreign insurers access to …
Atlas Insurance Agency Inc., a locally owned and managed insurance agency in Hawaii, has appointed Vincent T. Miyoi senior vice president in its Client Consulting Services Division. Miyoi will be involved with business development opportunities and operations of the Client …
