Byline: SARAH VEYSEY BRUSSELS, Belgium-A proposal under consideration by the European Parliament that would impose new reporting requirements on publicly listed financial services companies in the European Union would impose an "excessive bur Byline: SARAH VEYSEY BRUSSELS, Belgium-A proposal under...
Byline: RICHARD MILLER The Federation of European Risk Management Assns. is calling on insurers to be less "risk averse'' and develop products that will allow businesses to protect themselves against new environmental liability exposures they Byline: RICHARD MILLER The Federation...
SACRAMENTO--State authorities, struggling to put together the final pieces of the California Earthquake Authority, have scrapped a proposed bond issue in favor of a more traditional excess reinsurance arrangement for one of the middle layers of the SACRAMENTO--State authorities, struggling to put together the...
California Earthquake Authority officials say that their new facility could inadvertently help commercial property insurance buyers by capping insurers' potential losses in the state. But many market observers are skeptical of a significant spillover California Earthquake Authority officials say that their new facility could inadvertently...
The proposed rate structure for the California Earthquake Authority has drawn fire from consumers, a major insurer and even the states seismic safety agency. Meanwhile, state regulators and an administrative law judge are trying to determine how The proposed rate structure...
SACRAMENTO, Calif.--The California Assembly narrowly approved a state-run earthquake insurance program that would establish a privately-financed $10.5 billion pool to cover losses in this seismically active state. The 80-member house, controlled by ReSACRAMENTO, Calif.--The California Assembly narrowly approved a state-run earthquake insurance program that would...
Nearly $2 billion lined up for California earthquake facility SAN FRANCISCO - The largest reinsurance placement in history is about to bring a proposed California earthquake insurance facility a step closer to reality. A consortium of intermediaries iNearly $2 billion lined up for California earthquake facility...
SACRAMENTO, Calif. - The seemingly interminable, roller coaster-like negotiations over the proposed California Earthquake Authority fizzled with a split vote in the Legislature. But partisans on both sides of the debate say the CEA is still alive and iSACRAMENTO, Calif. - The seemingly interminable, roller coaster-like ...
SACRAMENTO--As California officials start up the nation's first state-run earthquake insurance program, the powerful board that sets policy for the $10.5 billion system has made key decisions in split votes, with the governor's office on one side and SACRAMENTO--As California officials start up the nation's ...
SACRAMENTO--A critical federal tax exemption insurers say is the cornerstone of California's fledgling earthquake insurance program has been approved by the Internal Revenue Service, an action that Insurance Commissioner Charles Quackenbush says could SACRAMENTO--A critical federal tax exemption insurers say is the cornerstone of California's fledgling...
SACRAMENTO--California lawmakers, attempting to reach agreement on a $10.5 billion state-run earthquake insurance program, missed a critical deadline set by reinsurers to get the proposal to the governor's desk, but negotiations are under way during thSACRAMENTO--California lawmakers, attempting to reach agreement on a $10.5 billion state-run...
The proposed California Earthquake Authority may be in trouble. Designed to encourage insurers to stay in or enter the volatile California property market, CEA approval continues to be bogged down in legislative wrangling. The CEA's lead reinsurance bThe proposed California Earthquake Authority may be in trouble....
SACRAMENTO - A fragile agreement on California's proposed $10.5 billion earthquake insurance program has been reached by key capitol negotiators, but proponents now face the daunting task of rounding up the votes in a balky legislature. Republican AssSACRAMENTO - A fragile agreement on California's proposed $10.5...
LONDON--The California Earthquake Authority, which is covered by the world's largest reinsurance program, is gearing up for a Dec. 1 kickoff. California Insurance Commissioner Chuck Quackenbush met last week with reinsurers participating in the $1 LONDON--The California Earthquake Authority, which is covered by...
SACRAMENTO--A Southern California congressman has introduced federal legislation that would restore a critical tax break to the proposed $10.5 billion California Earthquake Authority, a move that appeared to infuse new life into the troubled negotiatioSACRAMENTO--A Southern California congressman has introduced federal legislation that would restore a...
SACRAMENTO--Just days before a deadline imposed by reinsurers, a proposed $10.5 billion state-operated California earthquake insurance agency was approved by a key Senate committee--a strong signal that the plan is likely to emerge from the upper houseSACRAMENTO--Just days before a deadline imposed by reinsurers, a proposed...
The California Earthquake Authority now is providing earthquake insurance to homeowners in the state, having met its goals for capitalization and support from homeowners' insurers. While the facility is designed to take over most homeowners' earthquakThe California Earthquake Authority now is providing earthquake insurance to...
SACRAMENTO - The apparent demise of California's proposed $10.5 billion earthquake insurance program after months of hectic negotiations is likely to result in more aggressive marketing of so-called "mini-policies" accompanied by insurer lobbSACRAMENTO - The apparent demise of California's proposed $10.5 billion earthquake insurance program after...
SACRAMENTO, Calif--California Insurance Commissioner Charles Quackenbush, in the thick of negotiations to create a $10.5 billion state-supervised earthquake insurance pool, says he must get tax-exemption approval from the Internal Revenue Service by MaSACRAMENTO, Calif--California Insurance Commissioner Charles Quackenbush, in the thick of negotiations to create a...
Major new legislation authored by the head of the California Senate Insurance Committee would require insurers to provide earthquake coverage to homeowners in the state who ask for it and make it available far more frequently than required by current Major new legislation authored by the...
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