Business Insurance articles from June 2006

Business Insurance archives from June 2006

Border walls; Lack of IT standards blocks markets from expanding internationally.(information technology)
June 1, 2006... Byline: Michael Bradford LAS VEGAS-A global insurance market that historically has wrestled with the challenges of varying languages and regulations also must operate in the modern world without a common data standard that could make...

Willis taps AEF for cat exposure predictions.(Accurate Environmental Forecasting partnerships)(Brief article)
June 1, 2006... NEW YORK-Willis Group Holdings Ltd. has entered into a reinsurance intermediary relationship with Accurate Environmental Forecasting, a provider of weather prediction-based hurricane hazard products. Willis says the information provided...

On the Move.(appointments and resignations)
June 1, 2006... Ronald R. Pressman has been named president and chief executive officer of General Electric Co.'s GE Asset Management unit. Mr. Pressman was most recently chairman, president and CEO of GE Insurance Solutions, where he was involved in GE's sale...

Trusted Choice `06 campaign launched.(marketing of insurance industry)(Brief article)
June 1, 2006... ALEXANDRIA, Va.-The Independent Insurance Agents & Brokers of America's Trusted Choice brand program kicked off its summer advertising campaign for participating agencies this month. The Trusted Choice '06 Ad Blitz continues through Aug. 31...

First there was the Rock.(marketing and management of insurance industry)
June 1, 2006... Whether relying on natural landmarks or easily flustered ducks, insurance industry companies, like other businesses trying to connect with buyers, are always looking for ways to build brand identity and set themselves apart from the...

Bond Market Assn. asks NAIC to make reviews public.(National Association of Insurance Commissioners)(Brief article)
June 1, 2006... NEW YORK-The Bond Market Assn. has asked the National Assn. of Insurance Commissioners to publicly announce when it reviews securities, including hybrid securities, so that all market participants can have equal access to the information. ...

S&P to publish revisions to risk-based capital model.(management of Standard and Poor's Corp)(Brief article)
June 1, 2006... NEW YORK-Standard & Poor's Corp. expects to publish fundamental changes in its modeling of insurer capital adequacy for review and comment in July. To update the market on the nature of the substantial changes it's making to its risk-based...

RiskMeter offers online mapping to AAIS members.(American Association of Insurance Services)(Brief article)
June 1, 2006... WHEATON, Ill.-The American Assn. of Insurance Services is offering its member insurance companies free trial access to online risk mapping applications provided by RiskMeter.com, a service of Boston-based CDS Risk Mapping. AAIS is a...

Emerging markets offer potential.(Cover Focus: Emerging Markets)
June 1, 2006... Byline: Meg Fletcher Emerging markets offer tantalizing opportunities to insurers and service providers, but only if they are willing to cope with the challenges posed by regulatory and cultural differences. There is "tremendous...

Agents, brokers as risk managers.(Last Word)
June 1, 2006... Byline: Johnny Pitts Over time, numerous strategies have emerged to control workers compensation costs-a difficult but critical task. One of the latest strategies points to mounting evidence that simply matching the right person to the job...

RTW to provide ISO workers comp services.(RTW Inc.)(Brief article)
June 1, 2006... JERSEY CITY, N.J.-RTW Inc., a Minneapolis-based provider of products and services to manage workers compensation programs and self-insured absence programs has entered into a licensing agreement with the Insurance Services Office Inc. ...

RMS expands model to cover European windstorm risks.(Risk Management Solutions Inc product introduction)(Brief article)
June 1, 2006... NEWARK, Calif.-Modeling firm Risk Management Solutions Inc. has launched a new platform for quantifying wind risk in 12 European countries. RMS has expanded its modeling to include a suite of wind events enabling loss calculations both for...

Guy Carpenter exec presented with IEI-RAA achievement honors.(Insurance Education Institute)(Reinsurance Association of America)(Brief article)
June 1, 2006... PHILADELPHIA-The Insurance Education Institute and the Reinsurance Assn. of America have awarded a Lifetime Achievement Award to Kathleen M. Carroll, senior vp at Guy Carpenter & Co. Inc. The award was presented last month during the RAA's...

AAMGA repositions to address changing times.(American Association of Managing General Agents)
June 1, 2006... Byline: Rodd Zolkos LAHAINA, Hawaii-As its members are finding ways to be more creative in responding to market changes, the American Assn. of Managing General Agents is demonstrating its own creativity in repositioning the organization to...

Loss drivers; Population shift, property values causing increased storm risk.(hurricanes have caused $113 billion in insured property damage)
June 1, 2006... Byline: Michael Bradford LAS VEGAS-The spate of large hurricanes reaching U.S. shores in recent years isn't what's causing increased storm losses, an executive with an insurance services organization contends. "To understand what's...

Moving services offshore; Companies now outsourcing more complex business operations.(Cover Focus: Emerging Markets)
June 1, 2006... Byline: Meg Fletcher Some global insurers are among major financial institutions that are finding it advantageous to establish and broaden their offshore operations. The leaders are moving beyond the offshoring of information...

`ACORD TV' debuts, promotes standards.(Agency for Co-operation and Research in Development )(Brief article)
June 1, 2006... NEW YORK-ACORD, the Assn. for Cooperative Operations Research & Development, has launched streaming video-on-demand on its Web site that is intended to inform and educate the insurance industry on the role of ACORD data standards and to...

CIT, Frenkel alliance to provide clients with new products.(CIT Group Inc has formed a strategic alliance with international insurance brokerage firm Frenkel and Co. Inc)(Brief article)
June 1, 2006... NEW YORK-The Global Insurance Services business of consumer and commercial finance solution provider CIT Group Inc. has formed a strategic alliance with international insurance brokerage firm Frenkel & Co. Inc. CIT says the agreement will...

THE QUOTE.(Industry News)
June 1, 2006... `For brokers-and insurers-the most significant markets which recently opened are China and India.' Sarah Turvill Chief Executive, Willis International Holdings

Policy administration tools changing the IT landscape.(information technology)
June 1, 2006... Byline: Rodd Zolkos BOSTON-A new report indicates that the transformation of core policy administration strategies and systems will be critical to the success of property/casualty insurance companies during the next decade. ...

FINEOS, Reed Group forge disability partnership.(FINEOS Corp. Ltd partnership with Reed Group)(Brief article)
June 1, 2006... DUBLIN, IRELAND-Financial and insurance industry software solution provider FINEOS Corp. Ltd. has entered into a strategic partnership with Reed Group, a Westminster, Colo.-based firm specializing in return-to-work and disability duration...

Making fun of marketing efforts.(First Word)
June 1, 2006... Byline: Rodd Zolkos Among the other features in this issue of Industry Focus, we look at some of the more visible aspects of insurers' marketing efforts. First, Senior Editor Meg Fletcher examines the development of several of the most...

Three Questions.(interview)(Interview)
June 1, 2006... Thomas W. Crawford is president and chief executive officer of Atlanta, Ga.-based Crawford & Co. A 35-year veteran of the insurance industry-who is not related to the founding Crawford family, but just happens to share the same name-he joined...

Everything but the gecko; Insurers seek emotional connection through lighthearted advertising.(Feature: Marketing )
June 1, 2006... Byline: Meg Fletcher Insurance can be a challenging product to sell to consumers because it is a promise to pay, not a concrete item such as lingerie or linguine that can offer more immediate gratification. So, insurers use a variety...

SUA using EXAMPLE for policy administration.(specialty commercial property/casualty company)(SUA Insurance Co)(Brief article)
June 1, 2006... CHICAGO-SUA Insurance Co. has implemented a new policy administration system operating on Duck Creek Technologies Inc.'s EXAMPLE platform. Chicago-based SUA, a specialty commercial property/casualty company that is a subsidiary of...

A challenging frontier; Serving urban markets presents insurers with both opportunities and obstacles.(Cover Focus: Emerging Markets)
June 1, 2006... Byline: Louise Kertesz Millions of individuals in urban areas, including small-business owners, choose not to obtain insurance coverage, can't get coverage or pay higher rates because of limited competition among insurers, and this is...

Market to remain soft through end of 2007, insurer executives say.
June 5, 2006... Byline: SALLY ROBERTS The soft market is here to stay at least for the foreseeable future, according to a group of insurer executives surveyed by American Re-Insurance Co. But while many of the insurers expect their financial results...

Muslim head scarf ban unfair: Court.(Influence of Religious discrimination)
June 5, 2006... Byline: JUDY GREENWALD PHOENIX-Alamo Rent A Car L.L.C. was liable for religious discrimination when it terminated a Muslim employee who insisted on wearing a head scarf during the Ramadan holiday, a federal court said. Bilan Nur, who...

Health, productivity plans more common in United States.(surveys)
June 5, 2006... Byline: SARAH VEYSEY Most multinational companies have developed a health and productivity strategy for employees in the United States, but few of those companies extend the programs to their operations in other countries, according to a...

Insurers' oversights unfair to policyholders.
June 5, 2006... Byline: Corby Pelto As a 20-year insurance industry veteran who has held a variety of titles, from line-level positions to senior management roles, I have gained about as broad a perspective and understanding of the insurance industry as...

Revised asbestos fund bill may be effort's last chance.
June 5, 2006... Byline: MARK A. HOFMANN WASHINGTON-The chief sponsor of a plan to create a national trust fund to replace the litigation-based system for compensating victims of asbestos-related diseases says he will drop his effort if the Senate rejects...

Health care premium hikes steady despite profit drop; Higher expenses hit first-quarter results.
June 5, 2006... Byline: GLORIA GONZALEZ Despite reduced profits from the major managed care companies in the first quarter of 2006, commercial health care cost and premium increases likely will settle in a predictable range of about 6% to 8%, with some...

BI's 'Women to Watch' to list industry's leaders.
June 5, 2006... Business Insurance will publish a special report on "Women to Watch'' in the Oct. 9 issue of the magazine and invites readers to nominate outstanding women working in insurance, risk management and employee benefits worldwide. While the...

Court must draw a clear line on punitive damages award.(Editorial)
June 5, 2006... THE SUPREME COURT'S decision to review an Oregon punitive damages case gives the justices another welcome opportunity to spell out the circumstances under which punitive damage awards are deemed to be so disproportionate to underlying...

Facing work/life balance head-on.(Corbette Doyle of Utica National Insurance Group )(Brief article)
June 5, 2006... Byline: Gloria Gonzalez Corbette Doyle's interest in insurance arose when she was an economics major at the State University of New York at Oswego, exploring which industries would most value her research skills. "Like most of my...

Manitoba amends comp regulations; Employers must allow injured to return to jobs.
June 5, 2006... Byline: GLORIA GONZALEZ WINNIPEG, Manitoba-Employers in Manitoba next year will have to comply with a new obligation to re-employ injured workers under changes to the province's workers compensation legislation. Following a trend that...

Quality concerns make a comeback.
June 5, 2006... Byline: Sally Roberts Anyone who has been in the insurance industry long enough will be well aware that certain subjects have a way of gravitating toward the spotlight every few years as if they are on a rotating cycle. Issues such as...

Max Re restates after accounts probe; Reinsurer says finite deals transfer risk, but changes still needed.
June 5, 2006... Byline: RUPAL PAREKH HAMILTON, Bermuda-Max Re Capital Ltd.'s decision last week to restate results for several years is another indication of many companies' heightened cautiousness about all accounting aspects of finite risk transactions....

Ex-Tyco CEO seeks D&O files; Convicted exec suing to recoup his defense costs.(Tyco International Ltd.'s Dennis Kozlowski sued by Willis Ltd. )
June 5, 2006... Byline: DAVE LENCKUS NEW YORK-L. Dennis Kozlowski, the former Tyco International Ltd. chief executive officer serving up to 25 years in prison for looting the company, is seeking insurance documents from a broker in an effort to recover...

AIG, Chubb to pay $50 million in D&O suit.(American International Group Inc)(Brief article)
June 5, 2006... Byline: Dave Lenckus TORONTO-American International Group Inc. and Chubb Corp. may pay a total of $50 million to settle a lawsuit against former directors of Hollinger International Inc. and leave Hollinger's excess insurers potentially...

Captive formations are to states' advantage.(Editorial)
June 5, 2006... Can there be too many captive insurance domiciles in the United States? That's a question that some might raise as the roster of states with captive statutes continues to increase. Twenty-two states now have captive laws on their...

Updates; Glencairn opens Russian unit.(Glencairn Group Ltd.)(Mapfre Mutualidad de Seguros plans restructure)(Aon Ltd. opens three insurance facilities)
June 5, 2006... Glencairn Group Ltd. has opened an office in Moscow. The London-based broker said in a statement that the establishment of Glencairn L.L.C. was part of its "ongoing development in this rapidly growing economy.'' Ksenia Yamova, who previously...

Travelers faces bad-faith suit over Katrina claim payment.(cases)
June 5, 2006... Byline: JUDY GREENWALD NEW ORLEANS-Travelers Property & Casualty Co. and several of its employees are facing a bad-faith lawsuit over the insurer's alleged refusal to pay in full claims stemming from damage sustained by a New Orleans...

How to submit articles to BI's Perspectives.(Business Insurance)
June 5, 2006... Business Insurance accepts articles from experts in commercial insurance, risk management and employee benefits management for publication in its Perspectives section. The section is intended to be a forum for readers' opinions and a forum...

Preparing employees for disasters; Catastrophe response plans should not overlook 'people risks'.
June 5, 2006... Byline: Guy Sapirstein Recent catastrophic events such as Hurricane Katrina and potential catastrophes, such as pandemic influenza or future natural disasters, have confronted risk managers and the insurance industry with unparalleled...

Errors & Omissions.(Corrections)(Correction notice)
June 5, 2006... Due to an editing error, a story on page 3 of the May 29 issue, "Dependent Care Payment Rules Issued by IRS,'' mischaracterized the purpose of a requirement concerning dependent care flexible spending accounts. The requirement effectively...

Aon diversity chief receives APIW honor; Group recognizes Doyle's work to advance women in industry.(WomensOpinions.com)(Association of Professional Insurance Women )
June 5, 2006... Byline: GLORIA GONZALEZ Seeking to create an environment where women can openly and honestly discuss their difficulties in climbing the corporate ladder, Corbette Doyle co-founded a Web site called WomensOpinions.com, where women discuss...

Java quake kills thousands; insured damage under $100M.(influence of earthquakes)
June 5, 2006... Byline: MICHAEL BRADFORD YOGYAKARTA, Indonesia-A 6.3 magnitude earthquake that took thousands of lives on Indonesia's Java island also caused widespread property damage in the region. The quake struck just after dawn on May 27 near...

To bifurcate insurance accounting or not? FASB asks the question.(Financial Accounting Standards Board)
June 5, 2006... Byline: Rupal Parekh NORWALK, Conn.-The Financial Accounting Standards Board is inviting comment from risk managers, policyholders and other industry constituents regarding the potential bifurcation of insurance and reinsurance contracts...

California comp rates dropping, but stabilizing forces emerging.
June 5, 2006... Byline: ROBERTO CENICEROS SACRAMENTO, Calif.-At its recent workers compensation renewal, SCAN Health Plan got firsthand experience of the softening market for workers comp risks in California. The Long Beach-based Medicare health...

Late News; Forecast predicts 17 named storms.
June 5, 2006... Seventeen named storms will form during the Atlantic hurricane season that began last week, the Tropical Meteorological Project at Colorado State University predicts. In a forecast that mirrors earlier predictions made in December 2005 and...

Supreme Court to revisit issue of appropriate punitive awards; Tort reform backers hope for more clarity.
June 5, 2006... Byline: MARK A. HOFMANN WASHINGTON-Tort reform advocates hope that the Supreme Court will use an Oregon case to clarify further when a punitive damage award is so disproportionate to underlying compensatory damages as to become...

Legal Briefs: Workers comp doesn't cover injury at company picnic.(Phyllis Young sues Taylor-White L.L.C.)
June 5, 2006... The Supreme Court of Tennessee denied an employee's claim for workers compensation arising out of an injury occurring during a company-sponsored picnic. Phyllis Young began working for Taylor-White L.L.C. in 1999. In September 2002, the...

Products & Services.(Paul Travelers Cos. Inc. launches)(ACE Europe's new insurance package)(CDS Mapping L.L.C. enhances its services)
June 5, 2006... St. Paul Travelers offers Canadian D&O policy ST. PAUL, Minn.-St. Paul Travelers Cos. Inc. has launched a directors and officers liability policy intended to offer broader protection for claims against the personal assets of executives at...

Hurricane predictions mostly on the money.
June 5, 2006... Byline: Regis Coccia June 1 marked the official start of the Atlantic hurricane season, and after the devastating events of 2004 and 2005, many people are wondering what's in store this year. Will we see another monster such as...

More information, better incentives will help cut health care cost increases.
June 5, 2006... Byline: JERRY GEISEL WHITE SULPHUR SPRINGS, W.Va.-Reducing health care cost increases is possible, but only through a multi-pronged approach, the top executives at two large health insurers say. To reduce costs, health plan enrollees...

Adequate warning is helpful before switch to CDHP; Long transition period creates less ill will.(Whole Foods Market Inc.)
June 5, 2006... Byline: Jeremy Smerd In the summer of 2002, John Mackey, founder and chief executive officer of Whole Foods Market Inc., took a long walk in the woods to clear his head. Among the issues foremost on his mind was his company's rising health...

Join discussion of issues in BI's Community Forums.(Business insurance)(www.BusinessInsurance.com)(Brief article)
June 5, 2006... Readers are invited to take advantage of a new online feature that allows risk and benefits management professionals to connect and exchange information at www.BusinessInsurance.com. The Community Forums is an easy-to-use discussion board...

Agents & Brokers directory deadline nears.
June 5, 2006... The 35th annual Directory of Agents & Brokers will be published in conjunction with the July 17, 2006, issue of Business Insurance. The directory information will be available only to BI subscribers in a searchable database in the directory...

Quake resistant buildings improve safety, cut premiums.(Spotlight: Catastrophe Risk Management)
June 12, 2006... Byline: SALLY ROBERTS In today's tight commercial earthquake insurance market, having a seismically safe building could be the difference between obtaining adequate coverage and no coverage at all. Building owners that commit to...

Between the Lines; Where are the peanuts and Cracker Jack?(Pennsylvania baseball team's Salute to Frivolous Lawsuit Night)(cabbie still waiting for accident to happen)(Britons scan gossip columns for investment options)
June 12, 2006... Byline: Compiled by Joanne Wojcik A minor league baseball team in Pennsylvania is hosting a "Salute to Frivolous Lawsuit Night'' next month to demonstrate its sentiment about a lawsuit filed by a Los Angeles Angels fan who did not receive...

Federal natural catastrophe backstop debate continues; Supporters say government action is needed to guard against potential financial disasters.(Spotlight: Catastrophe Risk Management)
June 12, 2006... Byline: MEG FLETCHER Efforts to create a federal backstop for natural catastrophes are gaining some momentum in the United States but those lobbying efforts are still a ways from reaching their goal, observers say. While devastating...

Comings & Goings - Industry.(Countrywide Insurance Services Inc.)(Rockhill Insurance Co.)
June 12, 2006... Brokers: Irvine, Calif.-based Countrywide Insurance Services Inc. has promoted David Kuhn to managing director of the commercial lines brokerage business. Previously, he was president. Elizabeth Edelman has been named general counsel...

Asbestos reform plan raises concerns about fiscal, legal challenges.(News)
June 12, 2006... Byline: MARK A. HOFMANN WASHINGTON-A proposed $140 billion national trust fund that would replace the current litigation-based system for compensating victims of asbestos-related disease would face both significant solvency issues as well...

BI adds staffer.(Charmain Benton appointed in Business Insurance )(Brief article)
June 12, 2006... CHICAGO-Business Insurance has taken on a new staffer in its editorial department in Chicago, with Charmain Benton joining the magazine as a copy editor. Ms. Benton previously held editing positions at sister publications published by...

Silverstein GL insurers excluded defense costs.(Silverstein Properties Inc.)
June 12, 2006... Byline: DOUGLAS McLEOD NEW YORK-A large part of a $1 billion general liability insurance program placed for World Trade Center leaseholder Silverstein Properties Inc. provides no defense cost coverage for injury and death claims stemming...

European countries establish reserves for natural cat risks.(Spotlight: Catastrophe Risk Management)
June 12, 2006... Byline: MEG FLETCHER A government backstop for natural catastrophe risks may be a distant hope of some advocates in the United States, but governments in some European countries already offer some mechanism to help insurers fund cat...

FIFA, Germany downplay World Cup safety concerns; Critics say security plans don't properly address crowd control outside stadiums, terrorism.(News)
June 12, 2006... Byline: MICHAEL BRADFORD BERLIN-The prospect of violence at FIFA World Cup matches in Germany has some worried that there are flaws in security and safety planning for the tournament. An expert in disaster preparedness has criticized...

Katrina reveals coverage holes, need to set plans well in advance.(Spotlight: Catastrophe Risk Management)
June 12, 2006... Byline: MARK A. HOFMANN Risk managers say the past can be prologue when it comes to catastrophe planning, particularly when most forecasters are predicting another unusually active hurricane season. With catastrophe management plans...

Catastrophe model changes tighten market for storm risks.(Spotlight: Catastrophe Risk Management)
June 12, 2006... Byline: ROBERTO CENICEROS Recent changes to catastrophe models are having a widespread impact on commercial insurers and their policyholders. Significant adjustments, which became necessary after modelers underestimated losses from...

World Cup kicks off in Germany; Host of coverages in place for month-long tournament.(News)
June 12, 2006... Byline: MICHAEL BRADFORD MUNICH, Germany-As 32 nations battle for the 2006 FIFA World Cup trophy in 12 stadiums throughout Germany, insurers are making sure that organizers and others associated with the event are not big losers off the...

No insurance purchased for abandoned gala.(News)(Brief article)
June 12, 2006... Byline: Michael Bradford BERLIN-Landscaping worries forced cancellation of a World Cup event weeks before the matches began and there was no insurance to make up losses resulting from the scrubbed event. A gala featuring entertainers...

World Cup injury cover placed; Special disability policy for hurt players.(News)(Brief article)
June 12, 2006... Byline: MICHAEL BRADFORD REUTLINGEN, Germany-Some players in the FIFA World Cup are not taking chances that an injury sustained in the tournament could hurt their income. A special insurance policy valid only for World Cup competition...

Finding ways to insure the uninsurable; Lateral thinking needed to cover the toughest risks.(Perspective)
June 12, 2006... Byline: %%Andrew Beazley Two atrocious U.S. hurricane seasons and continuing evidence of global political instability mean that the specter of "uninsurability'' has arisen with increasing frequency in the minds of risk managers. The...

Pension reform talks make little headway on sticking points.(News)
June 12, 2006... Byline: JERRY GEISEL WASHINGTON-As the legislative clock continues to tick, pension funding reform legislation conferees have yet to make any meaningful progress in agreeing on a final compromise bill. Washington observers say...

Wisconsin official misguided in broad dismissal of HSAs.(health savings accounts)
June 12, 2006... Before Wisconsin Gov. Jim Doyle attacks health savings accounts again, we would advise him to consider some basic facts about HSAs. Assertions Gov. Doyle made in a statement accompanying his recent veto of legislation that would have...

S&P insurance conference draws record attendance.(conferences of Standard & Poor Corp)(Brief article)
June 12, 2006... More than 600 industry executives packed into New York's Grand Hyatt hotel June 5-6 for Standard & Poor's Corp.'s annual insurance conference, marking a record attendance for the event. The theme of the conference was "Rethinking Risk.''...

House panel mulls changes to stop alleged silica scams.(News)
June 12, 2006... Byline: MARK A. HOFMANN WASHINGTON-A U.S. House panel may consider legislation that addresses problems with mass tort screenings for silica-related disease. State efforts to rein in abuses of mass health screenings met with some...

Top financial ratings not always necessary.(rankings of insurance industry)(Brief article)
June 12, 2006... Byline: Rupal Parekh Cedents who refuse to place business with reinsurers rated below A- are following a long-used "market convention'' but would be well advised to consider other factors, says a rating agency director. There is a...

Alexander Forbes looks to go private; South African brokerage changes CEO, global plans.(News)
June 12, 2006... Byline: SARAH VEYSEY JOHANNESBURG, South Africa-Alexander Forbes Group Ltd. announced a slew of changes last week, including a possible sale and a change in leadership at the world's ninth largest insurance brokerage. In addition to a...

Outlook 'stable' for P/C insurers; Pricing discipline, solid results help industry.(News)
June 12, 2006... Byline: RUPAL PAREKH NEW YORK-Ratings outlooks for both the commercial property/casualty insurance and global reinsurance industries are currently stable, analysts from Standard & Poor's Corp. said last week. The analysts, who were...

Updates; Quanta, Chaucer discuss joint venture.(Paris Re Holdings Ltd)(Quanta Capital Holdings Ltd)
June 12, 2006... Quanta Capital Holdings Ltd. has signed heads of agreement with Chaucer Holdings P.L.C. to establish a Lloyd's of London managing agency, Pembroke Managing Agency Ltd., to manage Quanta's syndicate 4000. Quanta last month announced that most of...

Supreme Court limits free speech protections for public employees.(News)
June 12, 2006... Byline: JUDY GREENWALD WASHINGTON-A U.S. Supreme Court ruling that public employees who make statements as part of their official duties are not protected by the First Amendment should make it easier for public sector employees to...

HIH liquidator seeks $300M from Gen Re.(General Re Corp.)(HIH Insurance Ltd.)
June 12, 2006... Byline: ELIZABETH FRY SYDNEY, Australia-The liquidator of failed Australian insurer HIH Insurance Ltd. has decided to pursue a $400 million Australian ($300.6 million) damage claim against a unit of General Re Corp. for its alleged role in...