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    • NAIC Adopts Often-Drafted Paper on Natural Catastrophes

      The full membership of the National Association of Insurance Commissioners approved a white paper on natural catastrophe risks after more than four years and 15 drafts at its fall national meeting. The NAIC Executive Committee and Plenary a...

    • Heavy rain, a memory - Floods have Strike Anywhere

      Flooding impacting Georgia, North Carolina, and Tennessee is a reminder, flooding and flash floods can happen almost everywhere, and at any time. According to the Federal Emergency Management Administration, on average between 20 and 25 perc...

    • NAMIC Names David Scott as Legislator of the Year

      The National Association of Mutual Insurance Companies on Monday presented the Federal Legislator of the Year Award to United States Rep. David Scott, D-Georgia, at its Annual Convention in Atlanta. A respected member of the House Financial...

    • Navigators Names New CEO of Underwriting Agency

      NEW YORK_Insurance company Navigators Group Inc. on Friday said it named a new CEO of its principal U.S. underwriting agency, Navigators Management Co., also known as NMC. Christopher Duca, who joined the company in 2001 and has led NMC's ma...

    • Ex-Convicts in Work Force Pose Liability Problems

      California employers would be wise to take another look at their criminal background check policies in light of the possibility the state may be forced to release many prisoners early because of jail overcrowding, say some observers. Many e...

    • Now’s the Right Time to Pass Surplus Lines Bill

      REP. DENNIS MOORE, D-Kan., said last week that he hoped the third time would indeed be the charm for the Nonadmitted and Reinsurance Reform Act. We couldnt agree more. For the third time, the House of Representatives has approved a measure t...

    • Settlement Returns Fans to Middle-earth

      The Hobbit Bilbo Baggins will go there and back again after all. Following the settlement last week of a dispute between Warner Bros. unit New Line Cinema and trustees for J.R.R. Tolkiens estate over profits from the Lord of the Rings films...

    • Lloyds Bank in Talks with UK Gov't on Toxic Assets

      LONDON_Britain's Lloyds Banking Group PLC said Friday it is negotiating with regulators about possibly reducing the amount of toxic assets to be covered by the Government Asset Protection Scheme, an insurance plan for securities that have b...

    • Insurers Oppose New California Workers' Comp Mandate

      A California bill to prohibit a workers' compensation insurer from rescinding or modifying an authorization for medical services after the services are rendered is before Gov. Arnold Schwarzenegger. Sponsored by Assemblywoman Bonnie Lowenth...

    • Montpelier Re Holdings Sets 3Q Results Release Date

      Montpelier Re Holdings expects to release its third quarter results after the market close on November 3. The company will host a conference call to discuss the results on November 4, at 8 a.m. Eastern Time. The conference call will be avai...

    • Many Classic Car Owners Are Paying Too Much for Insurance

      Despite a slowed economy, many car collectors are still paying top dollar for their dream machines -- and to protect them. At the Monterey Auto Auction recently, a 1965 Shelby Daytona Cobra Coupe CSX2601 sold for $7.3 million, setting the re...

    • Q3 Forecasts Hint At P/C Gain

      The earnings season starting in a few weeks will be a critical one for the economic recovery. It is likely to provide evidence supporting or rebuff the army of analysts and economists who forecast a recovery to begin in earnest during the s...

    • Claims Relating To Suicide In The Workplace Governed By Workers Comp, Experts Say

      Suicide generally is not a liability issue for employers, even if it is committed in the workplace, observers say. Lawsuits in this area tend to be funneled into the workers compensation system, they say. Workers comp exclusivity provisions...

    • Nationwide Cautions Public About 10-State Scam

      Nationwide Insurance is cautioning people in at least 10 states that a series of counterfeit checks have been mailed to people, claiming to be advanced fees for a larger contest prize administered by the company. But according to Nationwide...

    • Markel Appoints Executive Underwriting Officer

      Markel Corp. said it has appointed Nathan J. Warde as executive underwriting officer. Warde will oversee Markel's property lines operations in the United States. Warde, who has almost 30 years experience in underwriting and insurance operat...

    • Hawaii Hurricane Insurance Company Being Sold

      HONOLULU_Hawaii's largest hurricane insurance company is being sold for $31 million. Kingsway Financial Services Inc. of Canada announced Wednesday that it is selling Zephyr Insurance Co. to Florida-based Ocean Harbor Holding Inc. and the Ha...

    • Aon Finds Increased Volatility In Insurance Risk

      Insurers are experiencing increased volatility in insurance risks along with greater demands for detailed assessment of risk tolerance and capital adequacy, according to a study by broker Aon Benfield. Insurance volatility was far greater t...

    • Georgia Tech: Hurricane Size Related to Increased Threat of Tornadoes

      An increase in the size and frequency of Gulf Coast hurricanes appears to correlate to an increased threat of tornadoes that typically occur once hurricanes move inland, according to researchers at the Georgia Institute of Technology. As th...

    • Are You Using Good Risk Models?

      The current recession has forced a re-evaluation of modeling in the financial services arena. Leaders in the modeling profession have jointly issued, and are actively promoting, a manifesto for responsible modeling. This is good news for ba...

    • BestWeek: Branding Experts Explore AIG’s Possible Rebranding Strategies

      OLDWICK, NJ - (BUSINESS WIRE) - Experts agree that something must be done with the American International Group Inc. brand, according to a story in BestWeek US / Canada. Some believe that the insurer bailed out last year by the U.S. governm...
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