New Jersey marina operators are lobbying against proposed beach access rules that they fear would open their facilities at all hours to anyone. The new rules governing public access to the waterfront were introduced last November by Gov. Jon S. …
Bermuda-based Aspen Insurance Holdings Limited reported record quarterly results for the quarter ended December 31, 2006, and for the full year 2006. The Company’s bulletin gave the following details: — Net income was $119.5 million for the three months ended …
Bermuda-based Max Re Capital Ltd. reported net income for the three months ended December 31, 2006, of $95.4 million, or $1.51 per fully diluted share, versus a net loss of $12.6 million, or $0.22 per fully diluted share, for the …
The UK’s Financial Services Authority (FSA) has published its Business Plan for 2007/8, which sets out its priorities for the coming year. The plan “focuses on the organization’s move towards more principles-based regulation (MPBR),” said the announcement. The document also …
Bermuda-based Allied World Assurance Company Holdings, Ltd. will release its financial results for the fourth quarter and for the year ended December 31, 2006 today, February 12, 2007, after the market closes. President and CEO Scott Carmilani and CFO Joan …
A federal judge in Mississippi has scheduled a hearing later this month to clarify the terms of a proposed settlement that calls for State Farm Insurance Cos. to reopen, review and possibly pay thousands of disputed claims by policyholders after …
As president of the National Association of Insurance Commissioners, Alabama Insurance Commissioner Walter Bell has made developing a strategic plan for the national organization of state regulators a top priority. Bell sees a plan that incorporates evaluations on a quarterly …
Indiana state regulators are seeking more than more than $365,000 from a former insurance agent for misusing money from premium payments made by more than 100 customers. The state Department of Insurance on Thursday permanently revoked the license of Daneile …
A Florida emergency insurance rule to aid victims of recent tornadoes has insurance companies and agents concerned because it affects some cancellations and non-renewals issued prior to those storms. On Feb. 2, Insurance Commissioner Kevin McCarty filed an emergency order …
Georgia Governor Sonny Perdue announced legislation in an effort to reduce traumatic automobile accidents and provide additional funds for trauma care inGeorgia. The “Super Speeder” legislation was introduced last Thursday when the General Assembly reconvened. “Traffic accidents exact an enormous …