A conservative think tank is giving the state of Vermont high marks for insurance regulation. The Chicago-based Heartland Institute says that Vermont has the best property and casualty insurance marketplace and the best regulators. The institute annually rates the states’ …
A small earthquake across Maine’s Blue Hill peninsula prompted a handful of calls to law enforcement officials, but no damages were reported. According to the Weston Observatory at Boston College, the magnitude 2.3 quake happened at 5:23 a.m. Thursday and …
Matt Frierson, a partner at Pierson and Fendley Insurance Agency in Paris, Texas, was named the André P. Juneau Young Agent of the Year by the Independent Insurance Agents of Texas. Frierson has served on both the young agents and …
The U.S. government said on Friday it is investigating the probable economic effects of eliminating all tariffs and quotas on goods from the world’s least-developed countries (LDCs). The U.S. International Trade Commission said it would report its findings to the …
Alterra Capital Holdings Limited announced that the State of New York Insurance Department has approved Alterra Bermuda Limited “as an eligible reinsurer for reduced collateral status, which allows lower collateral requirements for non-domestic reinsurers that are highly rated and financially …
UK and Lloyd’s insurer Amlin plc held a presentation for analysts today focused on updating its catastrophe estimates. Amlin estimated that net claims from the two major U.S. tornadoes during April and May 2011 were approximately $50 million. It also …
The XL Group plc announced the appointment of Paolo Ribotta as Head of Global Distribution, a newly-created post. He will be responsible for the performance, direction, growth and support of XL’s global network, and will report to XL’s Chief Executive …
Allied World Assurance Company Holdings, AG has announced that it expects to record approximately $65 million to $75 million in catastrophe related losses and loss expenses in the second quarter of 2011. The company said the majority of those losses …
International insurance think tank, The Geneva Association, announced the appointment of former Secretary General of the International Association of Deposit Insurers (IADI) and Deputy Director of the Federal Deposit Insurance Corporation (FDIC), Donald Inscoe, as Head of Institutional Relations. He …
Buena Park, Calif.-based Freeway Insurance, a California provider of non-standard auto insurance and a subsidiary of New York-based Confie Seguros, announced that Joseph Waked has been named CEO of Freeway, replacing Freeway’s former CEO, John Klaeb, who has been named …
