Miami’s National Hurricane Center reports that tropical storm Chris is “weakening in a hurry.” That’s good news for a number of Caribbean Islands, including Puerto Rico and the U.S. and British Virgins, where storm warnings have been discontinued. Other islands …
The U.K.-based ACE European Group, a primary underwriter of directors and officers insurance in the London market, issued a statement that it is “taking a lead in the D&O market by providing greater clarity in the extent of cover relating …
Bermuda-based Endurance Specialty Holdings Ltd. announced that its subsidiary, Endurance Specialty Insurance Ltd., has acquired $235 million of multi-year, collateralized catastrophe reinsurance from Shackleton Re Limited, a Cayman Islands reinsurance company. The bulletin said the “new reinsurance is designed to …
Fewer Maryland children were found to have elevated blood lead levels, although six counties had small increases, according a recently released state study. Of the 99,148 children tested last year, 1.3 percent had elevated blood lead levels, compared to 1.7 …
The U.S. property/casualty industry’s underwriting income improved 21.0 percent to $8.3 billion in first quarter 2006 from $6.8 billion in first quarter 2005, according to a new special report by A.M. Best Co. Accordingly, the industry’s combined ratio, a key …
Sharnel K. Hawkins, of Bratrud Middleton Insurance Inc., in Tacoma, Wash., has just been awarded the 2006 National Outstanding CSR of the Year Award. The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC) …
Hilb Rogal & Hobbs Company has completed the previously announced acquisition of Chicago-based Thilman & Filippini, L.L.C. (Thilman Filippini), one of the nation’s top 100 insurance intermediaries. Thilman Filippini provides a wide range of property and casualty and employee benefits …
Higher humidity, much cooler temperatures and a lack of significant wind have helped crews gain on a wildfire burning on the eastern side of Glacier National Park in Montana. The fire, estimated at more than 22,000 acres or 34 square …
New Mexico’s Public Regulation Commission fired Deputy Insurance Superintendent Joe Ruiz on Monday, formalizing an action that was initiated last week. Ron Morgan, an Albuquerque attorney representing Ruiz, said the PRC terminated his client “without offering to discuss the problem …
Democrats are leading in six ‘”down ballot” races for statewide offices although a significant number of voters remain undecided going into the November election, according to a new statewide poll released Tuesday. In the race for lieutenant governor, the Field …