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With the prediction of a very active hurricane season on the horizon, a report on catastrophe bond activity shows 2010 second-quarter transactions were the second most active on record, but outstanding capital is down.
July property and casualty rates declined an average of three percent compared to last year at the same time due in part to favorable midyear reinsruance terms, according to MarketScout.
Trade groups representing large insurers are urging the Treasury Department to ensure that the Federal Insurance Office (FIO), created under the financial services reform bill, plays a strong role in representing the U.S. on global insurance issues.
Former Secretary of State Madeleine K. Albright will be the keynote speaker at the CPCU 66th Annual Meeting and Seminars Sept. 25-28 at the Orlando World Center Marriott.
Pennsylvania Insurance Commissioner Joel Ario will direct the unit that will develop and oversee the Health Insurance Exchange system, scheduled to go into effect in 2014 as part of the health insurance reform act.
With the prediction of a very active hurricane season on the horizon, a report on catastrophe bond activity shows 2010 second-quarter transactions were the second most active on record, but outstanding capital is down.
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