Robert Wooley has officially dropped the “acting” from his title and is now Louisiana’s Commissioner of Insurance. Louisiana Constitution Article IV, Section 16 provides that Wooley, as the Department’s first assistant, fill the vacancy created by Commissioner Jim Brown. Brown …
Swiss Re’s CEO said Wednesday that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the property & casualty reinsurance market. John Coomber joined other Swiss Re executives to discuss the state of the …
Florida-based Accessity Corp. announced that Sentaur, its medical subrogation business, has signed its third hospital contract, and has now begun receiving money from insurers on behalf of its first hospital client. Sentaur scrutinizes a hospital’s billing records to uncover instances …
The American Insurance Association has commended Rep. Cal Dooley (D-Calif.), for his introduction of federal asbestos litigation reform legislation. “Congressman Dooley’s leadership and commitment to achieving asbestos litigation reform this year is very important,” said Leigh Ann Pusey, AIA senior …
Directors and officers liability insurance (D&O) is very much a business line in flux, but Joseph Monteleone, vice president of claims at Hartford Financial Products, a unit of The Hartford Financial Services Group, sees no availability crisis on the horizon. …
A bill being considered by a Massachusetts legislative panel that would reportedly impose additional costs on insurers by requiring them to do the state’s work of policing whether or not criminals have paid restitution to victims is vague and impractical, …
The current U.S. regulation system must change to accept Lloyd’s as a loyal partner rather than reinsurance aliens, the Chairman of Lloyd’s of London told journalists in Washington, D.C. Thursday. Speaking to the National Press Club, Lord Levene outlined the …
The 2003 Illinois General Assembly reached its halfway point, with a host of insurance-related bills including legislation dealing with primary seatbelt enforcement, commercial lines non-renewals and an insurers use of credit, still on the agenda. “SB 50, the primary enforcement …
France’s AXA Group revealed a nasty surprise when it filed its consolidated financial statements with the COB, the French financial regulatory authority. Under U.S. GAAP accounting rules the group posted an overall 2.9 billion Euro ($3.1 billion) loss for 2002. …
Legislation regulating the use of credit-based insurance scores was recently signed by North Dakota’s governor and has passed the Kansas legislature. Three other states, Colorado, Virginia and Wyoming have enacted legislation this year. North Dakota became the first state to …