Senate Kills Cybersecurity Bill November 15, 2012 Senate Majority Leader Harry Reid declared a U.S. cybersecurity bill, opposed by business and privacy groups, dead on Wednesday after...
Ironshore Names Scully Global Chief Actuary November 15, 2012 Ironshore Inc. announced that Mark Scully has been named Global Chief Actuary, to be based in the New York office....
Aon Benfield’s Impact Forecasting Launches Algeria, Morocco Quake Models November 15, 2012 Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced the launch of new Algeria and Morocco...
AIR Announces Deal with Navigators for Cat Models November 15, 2012 AIR Worldwide announced that The Navigators Group, Inc., an international commercial property/casualty specialty insurance holding company, has selected AIR’s CLASIC/2™...
China’s PICC Group to Raise up to $4 Billion in Hong Kong IPO November 15, 2012 By Clare Baldwin and Elzio Barreto Chinese state-owned insurer PICC Group started meeting institutional investors in Hong Kong on Thursday to gauge demand for a listing...
Iran Oil Liability Fears Grow as Insurance Ban Bites November 15, 2012 By Jonathan Saul and Myles Neligan A ban on European Union insurers covering Iranian oil exports has forced ship owners to fall back on new, untested...
Zurich’s 9-Month Business Operating Profit Flat at $3.2 Billion November 15, 2012 The Zurich Insurance Group reported a business operating profit (BOP) of $3.2 billion and net income attributable to shareholders (NIAS)...
Inspector General Report Critical of Louisiana State Fire Marshal November 14, 2012 A state inspector general’s wide-ranging report on Louisiana Fire Marshal Butch Browning includes a finding that one of Browning’s inspectors...
Nebraska Insurance Agent Sent to Jail After Winning Re-Election November 14, 2012 A Lincoln, Neb., insurance agent was sentenced to jail for perjury just a few days after winning a third term...
Hailstorms Are the Costliest Natural Peril in Texas November 14, 2012 Hurricanes may garner more attention but in Texas, hailstorms, not hurricanes, are the most damaging weather events that Texans face...