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

Tornadoes Reported in Four States; 27 Injured in Arkansas

Authorities went door to door in search of an unknown number of people who remained unaccounted for after severe storms swept through southern Arkansas, shredding home and businesses and injuring at least 27 people. Residents reported seeing multiple tornadoes Saturday …

SNL Financial Now Offers MarshBerry Research Reports Online

SNL Financial now offers equity research reports from MarshBerry via SNL’s online information service. MarshBerry joins a full roster of other leading financial institutions whose research is now easily accessible from SNL. “We’re very happy to provide our engaged client …

Hawaii Reviewing Hurricane Cat Models

Hawaii’s Insurance Division, in its guidelines on supplemental rate filing requirements for property insurance, is advising that it will be reviewing the appropriateness of catastrophe models for hurricane exposure in Hawaii. Consequently, rate filings submitted to the division must identify …

Insurance Agents, Brokers Host Industry Legislative Day in Washington

On March 20, the Independent Insurance Agents & Brokers of Washington, Surplus Line Association of Washington, Insurance Brokers and Agents of the West, Property Casusalty Insurers, American Insurance Association, Washington Council of National Association of Insurance Women, and Greater Seattle …

Reinsurance Proposal: Big Effect on Collateral, Limited Effect on Ratings

Fitch Ratings today issued a report titled “Impact of Proposed Changes in Collateral Requirements” that discusses its views on the National Association of Insurance Commissioners’ (NAIC) reinsurance task force’s proposal to revamp regulations governing reinsurers’ collateral requirements and cedants’ corresponding …

U.S. Risk Acquires E.M. Morrow Agency

U.S. Risk Insurance Group Inc. has expanded its California operations by acquiring E.M. Morrow Insurance General Agency Inc., in Oakland, Calif. E.M. Morrow has served the California property and casualty market for 30 years, specializing in property and general liability …

World Bank, Caribbean Nations to Discuss Fund to Insure Against Natural Disaster

The World Bank and Caribbean nations are exploring the creation of a new fund to insure island nations against hurricanes and other natural disasters. Representatives from 18 Caribbean countries gathered Monday in Washington to discuss the bank’s first program to …

Disasters, Healthcare Challenges Spell Jobs for Actuaries

Actuaries, those number-crunching whizzes who help determine insurance premiums based on the odds of bad things happening, are in high demand these days, because new mathematical models are needed to respond to natural disaster trends and the growing complexity of …

Tenn. Jury Awards $4.2 Million in Nursing Home Death

The surviving relatives of a man who died after being cared for in a nursing home have been awarded $4.2 million in compensatory damages, and the amount could be more if a judge’s ruling vacating punitive damages is overturned. Jurors …

InsuranceLister.com – New and Affordable Way to Grow Your Book of Business

Columbus, OH – InsuranceLister.com connects interested insurance shoppers directly to local agents or agencies in their area. A company founded by insurance agents for insurance agents, InsuranceLister.com eliminates the need to chase leads, while increasing agent exposure in local markets …