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

Guy Carp Issues Annual Cat Report; Rates Down by 6%

Guy Carpenter & Company, LLC has published its annual, comprehensive study of the global property catastrophe reinsurance market – “The World Catastrophe Reinsurance Market: New Capital Stabilizes Market.” The report covers 23 countries and four regions, representing more than 90 …

EQECAT Model Warns of Potential $65 Billion in Gulf Energy Losses

A risk modeling projection from Oakland, Calif.-based EQECAT, Inc. forecasts that the passage of a strong hurricane “like Camille, a category 5 storm, with a track through the heart of Gulf of Mexico U.S. offshore energy platforms, could generate energy …

N.J. Supreme Court Hockey Case Could Redefine Spectator Liability

Denise M. Sciarrotta was thrilled with the seats her family had for the minor league hockey game. They were close to the action as they watched players take practice shots. It was going to be a special night: her 12-year-old …

Robin Frost Joins Mystic Capital’s Investment Banking Team

New York (Sept. 6 2007) – The ever-expanding investment banking firm, Mystic Capital Advisors Group, LLC, is pleased to announce its newest associate: Robin Frost. Mr. Frost joins Mystic Capital as Vice President. Frost spent the past 15 years in …

Students, Profs Bolt As UNC-Chapel Hill Building Sags

Bulging brickwork means several law school classrooms at the University of North Carolina’s law school will be closed for a while. About 200 students and professors scattered Friday when the exterior of a 39-year-old building shifted, bowing brickwork, crumbling concrete …

Ratings Roundup: PZU, Fortis Corporate

Standard & Poor’s Ratings Services has issued a release indicating that its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on non-life insurer Powszechny Zaklad Ubezpieczen S.A. (PZU S.A.) and life insurer Powszechny Zaklad Ubezpieczen na Zycie S.A., core …

Rating Recaps: Radian, United Fire

Standard & Poor’s Ratings Services announced that its ‘A’ counterparty credit rating on Radian Group Inc. and its ‘AA’ counterparty credit and financial strength ratings on Radian’s mortgage insurance subsidiaries (Radian MI) “remain on CreditWatch with negative implications following the …

Census Report: 84,000 Fewer Hoosiers Lacked Health Coverage in ’06

The number of Indiana residents without health insurance fell by about 84,000 last year, according to new Census Bureau figures that have left state officials puzzled. The decline was welcome news, but it’s hard to explain, said Mitch Roob, secretary …

One-Third of Parent Drivers Unsure on Child Passenger Restraints

When it comes to properly restraining their children in vehicles, many parents are in the dark, according to a survey by GMAC Insurance. The survey found that approximately one in three licensed parents could not correctly identify that a child …

Texas Dispute Resolution Officers Moved to OIEC on Sept. 1

As directed by the 80th Texas Legislature, changes in the administration of dispute resolution services for injured employees in the state’s workers’ compensation system were effective Sept. 1, 2007. Twenty-five Dispute Resolution officer positions with the Texas Department of Insurance, …