Not to be outdone by it French competitor (See related article), Transatlantic Reinsurance Company (TRC), a wholly-owned subsidiary of Transatlantic Holdings, Inc., has recently applied to Brazil’s regulatory authorities to act as an admitted reinsurer in the Brazilian reinsurance market. …
Bermuda-based XL Insurance, the global insurance operations of XL Capital Ltd., has announced the formation of a global Product Development team to further address customers’ risk management needs. “The team will work with XL Insurance business units, customers, and brokers …
A small tornado was to blame for damaging a barn housing some horses and knocking down trees in southwestern Michigan, according to the National Weather Service. No injuries were reported but more than 6,500 Consumers Energy customers lost power at …
The 11-year-old Cleveland boy who steered a runaway school bus to safety said Wednesday he took the wheel because the bus was rolling toward a semi. David Murphy told on ABC’s “Good Morning America” other children on board during Monday’s …
A new report says an earthquake like the one that hit Wells, Nev., two months ago would have catastrophic effects if it were centered in Salt Lake City. The Federal Emergency Management Agency says a quake with a magnitude of …
Eighteen lawyers representing flood victims, U.S. and local governments, realtors, insurance companies and others crowded into a federal courtroom Tuesday to begin sorting out who is responsible for the failure of an irrigation canal and resulting damage to hundreds of …
Officials in Delaware say they’ve learned the man behind a safe driving course being offered to Delaware teenagers has a felony record. Authorities say Paul Burris was convicted in 2005 in Florida in a grand theft and fraud case. He …
Fitch Ratings has affirmed the ‘A-‘ insurer financial strength (IFS) ratings of Imagine Insurance Company Limited (Imagine) and Imagine International Reinsurance Limited with stable outlooks. “The affirmations reflect Imagine’s good operating results, historically strong capital formation rate, and the continued …
A “well above-average” Atlantic hurricane season with eight hurricanes and 15 named storms entering the basin is predicted for 2008, according to forecasters at Colorado State University’s Department of Atmospheric Science. “We have increased our seasonal forecast from our initial …
Lincoln, CA – April 10, 2008 – Agency Management Resource Group, a training, education and consulting firm serving independent insurance agencies, has announced the launch of the nation’s first producer school designed exclusively for Employee Benefit specialists. ARMG’s founder and …