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Thursday, July 25, 2013

Louisiana Sues Oil Companies Over Erosion of Coastal Land

Louisiana suesThe oil and gas industry has cost Louisiana hundreds of thousands acres (hectares) of coastal land that serve as a natural buffer against flooding from hurricanes, of...

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FEATURE: NYSIF Offers Q&A About 2014 Workers Comp Assessment Change

NY workers compThe New York State Insurance Fund has posted answers to frequently asked questions about the upcoming assessment changes in the 3rd edition of its 2013 quarterly newsletter.

Some key points include:

-  Although it seems that NYSIF's assessment advantage was coming to an end becaus...

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New York Regulator Expands Iran Sanctions-Violation Probe

NY Fnancial Services regulatorNew York State's top financial regulator has expanded an investigation into reinsurers that might have provided policies on shipments to Iran, a potential violation of new U.S. sanctions, according to a letter posted on its website Wednesday.

Benjamin Lawsky, superinten...

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AIA, NAMIC File Suit to Block Expansion of Disparate Impact Rule

AIA & NAMIC suitThe American Insurance Association and the National Association of Mutual Insurance Companies have asked a federal judge in Washington to block a new federal rule the industry says will make it impossible to set rates that accurately reflect risk.

The lawsuit filed by AIA an...

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Javier Gonzalez of Axis Insurance Services, LLC to Speak at the CLM Professional Liability Mini-Conference on Friday, July 26th

AxisAxis Insurance Services, LLC Partner/EVP of Sales, Javier Gonzalez will be a featured panelist at the 2013 Claims and Litigation Management Alliance (CLM) Professional Liability Mini-Conference on Friday, July 26th, in Boston, MA.

Nearly 300 attendees will be present to hear presentations at the co...

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NTSB Calls for Wireless Technology to Allow All Vehicles to "Talk" to One Another

Safety in Cars with wireless technologyFederal safety authorities Tuesday called for all U.S. cars, trucks and buses to come equipped with technology that would allow them to "talk" to one another to help avoid accidents.

The proposal was one of three the National Transportation Safety Board made Tuesday in ...

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ACE Reports Second Quarter Operating Income of $743 Million and Combined Ratio of 88.7%

ACE profitsACE Limited today reported net income for the quarter ended June 30, 2013, of $2.59 per share, compared with $0.96 per share for the same quarter last year. Operating income was $2.29 per share, compared with $2.17 per share for the same quarter last year. Book value per sha...

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NAIC Chief Executive Nelson: Confusion Persists About FIO's Role on International Stage

NAICThe three-year anniversary of President Barack Obama signing the Dodd-Frank financial reform act into law was July 21. But since the law creating it went live in 2010, the Federal Insurance Office has still not "learned to define and confine the lanes so people know what it is and what its role is," former U.S. Sen. Ben N...

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PMA Companies Welcomes David A. Chandler as Chief Information Officer and Senior Vice President

PMA CompaniesPMA Companies announced today that David A. Chandler has joined the company as Chief Information Officer and Senior Vice President. 

Mr. Chandler is responsible for leading the development and implementation of the information technology strategy, infrastructure and systems for PMA Companies. Chan...

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