SAN DIEGO - Today Insurance Commissioner Steve Poizner announced the arrests of two individuals for allegedly fraudulent insurance claims made in the aftermath of the 2007 Southern California wildfires.

SACRAMENTO - Insurance Commissioner Steve Poizner today issued the following statement regarding Governor Arnold Schwarzenegger's signing of Senate Bill (SB) 1145 (Machado, D-Linden) and Assembly Bill (AB) 1874 (Coto, D-San Jose), which help reform the State Compensation Insurance Fund (SCIF), one of the largest workers' compensation insurance companies

SACRAMENTO - Insurance Commissioner Steve Poizner reaffirmed that insurance companies owned by AIG continue to have the risk-based capital needed to operate in California and warned policyholders of AIG-owned insurance companies to beware of possible cancellation costs if they are approached about switching insurance companies.

SACRAMENTO - Insurance Commissioner Steve Poizner today issued the following statement regarding Governor Arnold Schwarzenegger's signing of AB 2150 by Assemblymember Patty Berg (D-Eureka), which helps protect consumers by preventing the financial abuse of seniors.

Read special supplement here. Nasco Re hosted a grand Gala Dinner, on the occasion of the 34th GAIF conference. The event was a spirited celebration, where colleagues and esteemed guests came together to reminisce about the past year and share hopes for 2024.

Read Full Supplement Here. Since 1976, Nasco France is committed to providing the highest level of Reinsurance services to its clients. NASCO Re, is the leading reinsurance broker in the MENA region with over 45 years of industry experience and amongst the top three largest reinsurance brokers in France. 

The best way to get the best information about the insurance and reinsurance industry was to conduct an interview with Riyad Karray. In his profound observations on Best Re, Riyad Karray, General Manager of Best Re started by shedding some light on his company’s latest projects and performance. Then he moved on to speak about Best Re operations in the region, in Lebanon, Tunis and others countries. As the United States unemployment rate inches towards double digits, more Americans are left without health insurance and are looking forward for affordable alternatives. Karray also gave his opinion on the AIG debacle, and the state of the insurance business in Dubai.

In the current environment of global credit freeze and at a time when listed firms in the Gulf have been struggling to attract capital, regional issuers have surprisingly shown an increasing level of transparency, according to the latest GCC transparency rankings. The BASIC (Behavioral Assessment Score for Investors and Corporations) index developed by The National Investor (TNI) of Abu Dhabi in partnership with Hawkamah Institute for Corporate Governance, Dubai, improved by 8.3% since 2008 - an indication of the rapid progress made by regionally listed companies in improving transparency and disclosure.

Majed Akel, General Manager of General Takaful Co. spoke about the reasons why most financial institutions and banks are opening Takaful subsidiaries. Akel also spoke the future of his company’s business in the Kingdom of Saudi Arabia, Jordan and Lebanon. Then he shed some light on the future prospects of his company.

Khaled K. Abu Nahel, Chief Operating Officer–Non Life operations was one of the prominent speakers at "The 4th Damascus insurance Forum". He spoke in technical details about the state of the insurance industry and how it will be affected by the global economic crisis and its impact on the insurance industry in the Arab world.

t’azur, the new name in Takaful, focused on product innovation within the Islamic Insurance industry at the World Takaful Conference, which ran from the 14th – 15th April 2009.

Takaful International Company has signed recently with New York Institute of Technology a joint cooperation agreement under which Takaful International Company provides a range of services and insurance coverage for the New York Institute of Technology in a flexible

Takaful International Company concluded its second Ramadan sports club session at Manama Sports Club lounge in Jufair under the auspices of Younis Jamal, Chief Executive of Takaful International Company. At the end of this session, the two sports clubs were declared as winners. In addition, Younis Jamal was honored by the Organizing Committee for his dedication to the success of this session