Monthly Archives: <span>January 2007</span>

Feb. 12 is ‘Super’ Monday: Super Regional P/C Insurers™ to be Unveiled

As excitement over the Super Bowl builds, property casualty insurance professionals are anticipating their own “super” day: Monday, February 12. That’s the date when Insurance Journal magazine, in partnership with actuarial services firm Demotech, will unveil the industry’s first list …

Ohio Westfield Adds New Online Risk Control Tool for Businesses

Westfield Insurance has introduced a new online Risk Control Assessment to help businesses identify their risk issues. The 24-question survey, on www.WestfieldInsurance.com, is available to all visitors and provides a customized report of strengths and weaknesses, along with tangible action …

La. Insurance Regulators, Already Weakened, Face Extinction

Of all the obscure parts of state government, the Louisiana Insurance Rating Commission is among the most ignored and misunderstood. And the panel may now be in its death throes. The commissioners ostensibly have power to limit, restrict and otherwise …

New Ark. Attorney General to Target Identity Theft

Newly elected Arkansas Attorney General Dustin McDaniel announced a proposal aimed at preventing identity theft will be presented as part of his legislative package for the 2007 legislative session. “Essentially what you’ll see is a package of bills that fall …

Vermont Captive Insurance Industry Continues to Expand

“Steady and sustained growth,” is how Vermont officials described 2006’s final tally for captive insurance as 37 new captive insurance entities were licensed. New to the nation’s largest captive insurer domicile, include such well-known companies as Starbucks Corp., McGraw-Hill, Principal …

Miss. Commissioner Sets Hearing for Consumer Bill of Rights

Mississippi Commissioner of Insurance George Dale twill hold a public hearing for the his proposed regulation regarding a homeowner insurance policyholder bill of rights. The hearing will be held at 9 a.m. on Friday, January 26, 2007, in the Public …

Best Affirms Central Re Ratings

A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Taiwan’s Central Reinsurance Corporation with a stable outlook. “The affirmation of the ratings reflects Central Re’s strengthened risk-based capitalization, strong …

PartnerRe Reports on January Renewals

Bermuda’s PartnerRe Ltd. announced that it had written and bound approximately $1.8 billion of estimated Non-Life premium during the January renewal season. “On a constant foreign exchange basis, that represents a 4 percent decline over total renewable expiring premium of …

Swiss Re Backs Independent European Agency to Assess Nat Cat Risks

Swiss Re has issued a “focused report,” which assess the growth of the catastrophe bond market and calls for the establishment of an independent agency to “aggregate European claims data and provide the insurance industry with an efficient market loss …

Partisan Politics Influenced Katrina Response, Says Former FEMA Chief

Political storm clouds gathered again over the federal government’s response to Hurricane Katrina as former Federal Emergency Management Agency Director Michael Brown said party politics played a role in decisions on whether to take federal control of Louisiana and other …