Insurance regulatory update (Fall 2008).
NEW YORK TO CHANGE REGULATION OF FINANCIAL GUARANTY INSURANCE COMPANIES The role that credit default swap contracts have played in triggering the turbulent conditions of the financial markets has led to increased regulation and investigation of certain types of these financial instruments, particularly in New York. Most...

Wait-listed: efforts to finally pass NARAB II continue, but more urgent matters currently have Congress' attention.
[ILLUSTRATION OMITTED] You can almost feel me anticipation. Across the country, organizations that represent insurance producers are gearing up for the second round of the great agent licensing reciprocity debate. But whether the new Congress and the administration of President-elect Barack Obama will be accommodating...

The role of U.S. insurance regulators in responding to climate change.
ABSTRACT: This article addresses three key issues set forth in the National Association of Insurance Commissioners' (NAIC) Climate Change & Global Warming Task Force charter: 1. Implications of climate change on the insurance sector 2. Insurers' knowledge of potential climate change impacts ...

Floods put reinsurers under the weather.
MUMBAI: Reinsurers are feeling the heat of global warming, with the number of flood-related claims increasing. As temperatures rise globally, the water cycle is getting speeded up, resulting in heavier and more frequent rainfall and an increase in the number of severe floods. According to world's largest...

CALL Lobbies Tallahassee to Let Community Associations Form 'Self-Insurance Funds' to Spread Risk, Stem Rate Hikes.
Community Association Leadership Lobby Backs Legislative Change to Remove Restrictions on Condos, HOAs and Other Associations TALLAHASSEE, Fla., Jan. 10 /PRNewswire/ -- Representatives of Florida condominium and homeowner associations statewide are lobbying legislators meeting in the state capitol this week to include language in upcoming legislation that...

Officials joust over auto rates; Commerce's filing scrutinized by state.
Byline: Bob Kievra BOSTON - Two state regulators squared off yesterday over how auto insurers prepare their rates under the new managed competition structure, clashing over how the recipe is interpreted and what ingredients can be used. The tug-of-war between Insurance Commissioner Nonnie S. Burnes...

Arthur H. Johnson; Former Major League Pitcher.
HOLDEN Arthur H. Johnson, 88, of Hemlock Dr., died Sunday, April 27, 2008 in his daughter's home on Walnut Street in Holden surrounded by his loving family. His wife of 64 years, Loretta (Gaffney) Johnson, died in July of 2006. He leaves two sons, David L. Johnson...

Fulfilling the dream: A history for the millennium 1957-2000. (CD Music Review).
(Clarkson Road Presbyterian Church, Mississauga, Ont.) Author: Gordon A. Coyne UE Burlington: Eagle Press Printers. 1999. Paperback. 116 pages. This book has been out for two years, so this is not intended as a review, but as a tribute to a Loyalist descendant...

Facing a fragile future: though profitable in 2002, reinsurers face long-term challenges.
Financial strength, pricing discipline, asbestos, terrorism and collateral requirements are just a few of the tough issues facing the world's reinsurance industry as it tries to get back on firm ground after some of its worst years ever. Even before September 11, years of soft pricing had...

Stepping up: Canadian Nancy L. Chambers will become the new president of RIMS after her election this month. She'll need the skills of a diplomat to navigate all the constituencies that RIMS serves.
Nancy L. Chambers, the senior apprentice in the ways of the Risk and Insurance Management Society Inc., is about to become the trade lobby's next president. For a woman who "kind of fell into" risk management nearly 20 years ago on the advice of an insurance broker, assuming the...