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The Texas Property and Casualty Insurance Guaranty Association (TPCIGA), which pays covered claims when an insurer becomes insolvent, announced the re-election of Lee Ann Alexander as chair of its board of directors.
Insurance companies with finance arms and $50 billion in assets would be subject to a federal tax on liabilities under a proposal unveiled today by the Obama administration.
Roseland, N.J.-based wholesale broker Crump Group Inc. said Dave Obenauer, chief financial officer of its property and casualty insurance division, has been named president and vice chairman for the unit.
An Aon Corp. brokerage study has found more companies are employing mature enterprise risk management practices to enhance their organization's value and resiliency.
Callidus Software Inc., a sales performance management software provider, announced the acquisition of ActekSoft, a provider of commission and compliance software for complex selling environments. Financial terms were not released.
The International Insurance Society announced that Frank O'Halloran, chief executive officer of Sidney-based QBE Insurance Group, is the 2010 Insurance Hall of Fame winner.
The Caribbean Catastrophe Risk Insurance Facility said Haiti's government as a member of its risk pooling facility will receive a little under $8 million for earthquake damage.
With the economy flat-lining, interest rates at zero and no dramatic turnaround in sight, property and casualty insurers are between a rock and a hard place. NU Editor Sam Friedman talks about escape routes in his blog at www.NUSamSoapBox.com.
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