Publication Date: December 21, 2006Advisen -- ReinsuranceSource: Best's Review"Should they, or shouldn't they? More than 200 insurance people worldwide responded to a Best's Review survey on a proposal by the National Association of Insurance Commissioners to end the long-held requirement that alien reinsurers deposit 100% collateral in the United States for their U.S. liabilities. A majority of respondents (42.1%) said they thought the NAIC should maintain the status quo. An NAIC task force currently is drafting a proposal that would place both domestic and foreign reinsurers on a system based on financial strength ratings..."
Publication Date: December 20, 2006Advisen -- BrokersSource: Business Insurance"A mutual insurer could provide the answer to the liability coverage problems of global pharmaceutical companies, according to Neil Campbell, a partner with broker JLT Risk Solutions in London..."
Publication Date: December 18, 2006Advisen -- BrokersSource: Business Wire"CHICAGO--(BUSINESS WIRE)--Dec. 18, 2006--Fitch Ratings today released its annual analysis of the U.S. insurance brokerage industry, commenting on the market's issues one year further removed from the turmoil created by industry investigations that commenced in late 2004..."
Publication Date: December 18, 2006Advisen -- Insurance MarketSource: BestWire Services"To historians, 1953 was a year full of notable accomplishments. Jonas Salk unveiled his polio vaccine. Sir Edmund Hillary became the first man to successfully climb Mount Everest. The United States announced the development of a hydrogen bomb. General Motors built the very first Chevy Corvette..."
Publication Date: December 15, 2006Advisen -- Medical MalpracticeSource: Associated Press Alert"BALTIMORE_The largest medical malpractice insurer in Maryland is looking to drop premiums by 8 percent for next year in what would be its first rate reduction since at least 1992..."
Publication Date: December 17, 2006Advisen -- Medical MalpracticeSource: Miami Herald"Gov. Jeb Bush made no secret of his disdain for trial lawyers during his eight years in office, and his push for limits on lawsuits were as constant as his call for tax cuts. But his success rate was mixed..."
Publication Date: December 15, 2006Advisen -- RegulationSource: Lloyds List"AN apparent breakthrough in efforts to reform US rules on collateral requirements for 'alien', or overseas, reinsurers has been welcomed in London insurance circles, writes James Brewer..."
Publication Date: December 13, 2006Advisen -- Insurance MarketSource: Business Insurance"WASHINGTON-Key lawmakers from both chambers of Congress last week pledged to make extension of the federal terrorism coverage backstop-perhaps on a permanent basis-a high priority next year..."
Publication Date: December 11,2006Advisen -- PropertySource: PR Newswire Europe (inc. UK Disclose)"WASHINGTON, Dec. 11 /PRNewswire/ -- Earthquake, insurance and building code experts from across the country today warned state insurance regulators of the catastrophic consequences when middle America experiences a replay of the 1811 and 1812 New Madrid series of earthquakes, and recommended that the regulators support a comprehensive solution that includes financial protections, public education, stronger building codes and strengthening first responders to better prepare for such an event..."
Publication Date: December 10, 2006Advisen -- Medical MalpracticeSource: Associated Press Alert"SPRINGFIELD, Ill._In Illinois' intense debate over the cost of medical malpractice, insurance companies and trial lawyers are often bitter enemies..."
December 5, 2006The Insurance Journal"The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West) requesting review of the former Insurance Commissioner John Garmendi's attempt to designate a recent settlement as a 'precedential decision'..."
December 5, 2006The Insurance Journal"The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) has issued a notice to residents in several communities throughout Missouri that were impacted by last week's heavy precipitation, high winds and ice..."
December 5, 2006The Insurance Journal"Despite the light 2006 hurricane season U.S. commercial real estate values in coastal areas still may suffer as insurance companies continue to minimize their exposure windstorm insurance coverage, according to a special report by Fitch Ratings..."
Publication Date: November 29, 2006Advisen -- PropertySource: Post Magazine"The issues faced by underwriters of mid-to-large property risks appear to be growing. From climate change to the perceived breakdown of relations between claims and underwriting, it would appear that insurers are facing an increasingly challenging and uncertain market..."
Publication Date: November 29, 2006Advisen -- InsurersSource: Business Insurance"Video games, which have long been criticized for promoting violence and glorifying criminal behavior, have now drawn the ire of the insurance world..."
Publication Date: November 29, 2006Advisen -- Medical MalpracticeSource: Rocky Mountain News"Overall malpractice insurance premiums for Colorado's doctors are flat or declining slightly..."
