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David Provost, Vermont's deputy commissioner of captive insurance, said 2008 "was a slower year for captive growth due to economic conditions." He added, "We continue to see interest in forming
WASHINGTON--Two members of the House Financial Services Committee will ask the Obama administration's new Treasury secretary to unilaterally create an Office of Insurance Information within that
Five executives from the insurance brokerage subsidiaries of New York-based services firm Marsh & McLennan Companies and the president of the Insurance Information Institute discussed the state of
The firm said it puts a rate of 0.65 for hurricane activity in the Gulf--a figure representing the mean number of landfalling tropical cyclones in that region for the forthcoming 2009 hurricane
W. Russ Smith, Arbitration Forums president and chief executive officer, said the firm, which describes itself as the nation's largest provider of interinsurance dispute resolution services, handled
American International Group Inc. (AIG) announced that Monika M. Machon will replace Win J. Neuger as AIG's investment chief. Mr. Neuger plans to go with the company's external client asset
New York-based Navigators Group said the specialty insurer has made a decision to move all its energy business to London as a means of controlling the risk associated with the volatile weather
Progressive said it took the write-downs on securities "determined to have had other-than-temporary declines in market value. The company said 85 percent of the write-downs were on securities held in
New York Assemblyman Joseph D. Morelle, D-Rochester, the chairman of the Standing Committee on Insurance, is scheduled to speak at The Professional Insurance Agents of New York State Inc.'s annual
Big companies, who put up large collateral with their insurers to cover deductible portions of claims, could have a problem getting that money back if the carrier goes bankrupt, according to a New
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