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"Good Start But Let's Move To Federal Regulation"
Sandra Blundetto, U. S. RE Senior Vice President and General Counsel, commended the New York Insurance Department and the NAIC Task Force for moving ... |
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For the first time in the last four years, a survey of 250 major U.S. corporations showed a decline in lawsuit filings. The recently issued Litigation Trends Survey was conducted by the law firm of Fu... |
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Both Houses of Congress are poised to extend the Terrorism Risk Insurance Act, probably for seven years. First enacted in 2002 to provide a temporary back-stop giving the industry three years to devel... |
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Arthur T. Dougherty, a reinsurance broker with more than 25 years' experience in the property and casualty sector, has joined U.S. RE Corporation as Senior Vice President,
Tal P. Piccione, Chairman ... |
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No sooner was the Homeowners Defense Act (H.R. 3355) introduced in the House
than a wall of opposition virtually guaranteed its demise. The bill, sponsored by Florida Democrats Ron Klein and Tim Mah... |
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Recent moves by the New York Insurance Department and a National Association of Insurance Commissioners Task Force reflect growing understanding in the regulatory community of the industry's dependenc... |
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H
ere's how the New York Insurance Department said the new regulation will work: Unauthorized or unaccredited reinsurers with a triple A credit rating from two rating companies would not have to post... |
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Amid all the glamour and opulence in the South of France, the 2007 Monte Carlo Rendezvous will likely be remembered as one where the primary focus among reinsurers was to deflect dialogue from the con... |
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In a bold move to level the playing field for foreign reinsurance companies doing business in the United States, Eric Dinallo, New York State Superintendent of Insurance, announced recently that top-r... |
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As reinsurers and brokers gathered last month at Baden-Baden, Germany for their annual conference, the reinsurance market outlook was a prime topic of conversation.
"With no major 2007 cats adversely... |
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A research report recently published by A.M. Best showed that Surplus Lines companies posted strong results in 2006 by holding the line on prices and profiting from coastal property business.
Surplus... |
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Jay Fishman, Chairman and CEO of Travelers, proposed creation of a Coastal Hurricane Zone regulated by the federal government to provide a private, market-based, insurance industry solution to the "ec... |
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J. M. Woodworth RRG, Inc. recently received a Financial Stability Rating® (FSR) of "A Exceptional" from Demotech, Inc., a leading financial analysis and actuarial services firm. J... |
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Editor's Note: Wes Zeliff, U.S. RE Corporation Senior V.P., recently chatted with our Turkish partner Eray Turker, Turker Insurance & Reinsurance Brokers, Ltd., about market conditions in the Midd... |
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Ceded reinsurance premiums slid down to 19 percent from 22 percent of gross premiums in the period 2001 through 2006 while gross premiums shot up 27 percent, Steve Fallon reported in The National Unde... |
