Swiss Re has obtained $950 million worth of protection against North Atlantic Hurricanes, Europe Windstorms, Californian Earthquakes and Japan Earthquakes through a natural catastrophe protection program named “Successor”, a follow-up vehicle to its “PIONEER” and “Arbor” programs. Successor becomes the …
A.M. Best Co. has placed the financial strength rating of “B+” (Very Good) of New Zealand’s Tasman Pacific Insurance Limited under review with negative implications. Best said it “is concerned with the negative developments of Tasman’s sister company, Provincial Finance …
Disaster Kleenup International Inc., a network of independent property damage restoration contractors and headquartered in Bensenville, Ill., announced that 281-Flooded Inc., based in Houston, Texas, has joined the organization to strengthen DKI’s network in the Texas market. 281-Flooded has been …
A vote on whether the state of Michigan will repeal its 37-year-old mandatory helmet law is scheduled to take place in the State House of Representatives tomorrow. The Michigan Association of Insurance Agents of Lansing, Mich. opposes the repeal and …
Acordia Inc., a Wells Fargo Company, has named Larry Sorensen vice president, national program practice leader. Sorensen will be responsible for Acordia’s program business. He will serve as the lead at the corporate level based in Chicago. Most recently, Sorensen …
Every year children are seriously injured and killed when they’re hit by a vehicle backing out of a driveway. But a child is up to 2 1/2 times more likely to be backed over by a minivan or truck than …
At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial Lines Midyear 2006 Outlook: Sector Enjoying Exceptional Earnings,” says these …
The American Camp Association, in conjunction with Markel Insurance Company, will conduct a comprehensive study on illnesses and injuries at camp. The Healthy Camp study will gather illness and injury data from camps across the U.S. over the next five …
The New York State Insurance Department has scheduled a public hearing to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 7.5 percent. The heraing will be held on Wednesday, …
Crews fighting a 836-acre wildfire that destroyed five buildings in a Sedona, Ariz., community were assessing whether it was safe for 200 evacuees to return home. None of the 30 evacuated homes in the subdivision near the Village of Oak …