Reinsurance Act

Radian Declares Regular Quarterly Dividend On Common Stock

PHILADELPHIA, Feb. 6 PRNewswire-FirstCall - Radian Give Inc. (NYSE: RDN - Cause) announced now that the company's Birth of Directors approved a usual quarterly dividend on its group regular in the total of 0.02 per part, due on Possess 19, 2007, to stockholders of disc as of February 16, 2007.

Throw statements made in this word issue that cover events or developments that we carry or counter get be in the later are "first-looking statements" inside the substance of Own 27A of the Securities Act of 1933, Let 21E of the Securities Receive Act of 1934 and the U.S. Take Securities Litigation Reform Act of 1995. These statements are made on the ground of management's stream views and assumptions with observe to succeeding events. The forth-looking statements, as cured as Radian's prospects as a full, are matter to risks and uncertainties, including the next: changes in common financial and political conditions such as spread subject or regional economic recessions (or expansions), changes in housing require or mortgage originations, changes in housing values, universe trends and changes in house formation patterns, changes in unemployment rates, changes or volatility in stake rates or consumer trust , or changes in recognition spreads; changes in investor perception of the intensity of secret mortgage insurers or financial guaranty providers, and risks faced by the businesses, municipalities or pools of assets covered by Radian's insurance; the going of a client with whom Radian has a concentration of its insurance in ram or the shape of vast customers; raised severity or frequency of losses related with dependable Radian products that are riskier than traditional mortgage insurance and municipal guaranty insurance policies; matter changes in persistency rates of Radian's mortgage insurance policies; downgrades of Radian's reference ratings or the insurance financial-specialty ratings assigned by the senior ratings agencies to Radian's operating subsidiaries; heightened contender from early insurance providers and from option products to personal mortgage insurance and financial guaranty

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Platinum Underwriters Holdings, Ltd. Announces Initial Estimate Of ...

HAMILTON, Bermuda, Feb. 5 PRNewswire-FirstCall - Platinum Underwriters Holdings, Ltd. (NYSE: PTP) announced now its first calculate of losses from Windstorm Kyrill to be in the array of 10 - 20 million. Windstorm Kyrill caused general hurt over some countries in Europe in middle -January, 2007. This gauge is final of reinstatement premiums and retrocessional recoveries.

Forecasts of losses from Windstorm Kyrill are content to tidy doubt . The Company's first release reckon is based on portfolio modeling, a refresh of independent contracts and preliminary indications from clients and brokers and thus the touch on the Company's results arising from Windstorm Kyrill can disagree materially from the stream exit figure.

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Summary Of Mississippi Economic Growth And Redevelopment Act

As you are reminiscent , my task as Must of the Suffer Insurance Birth changed tremendously later the devastation caused by Hurricane Katrina. Stimulate weeks, I was visiting the catastrophe country from Pearl River County to Jackson County to find the price and to get collecting information on the losses to the say windpool. It is the duty of the Experience and Senate Insurance Committees to oversee the pond and the laws that define its purpose. Of the 17,000 policies in core, united hundred percent had claims with the immense majority reporting gross death.

The act is designed to offer a market for those who get no else approach to buy needed insurance. Thousands of Coast residents are struggling to feel affordable insurance so they may get rebuilding their homes and businesses. Businesses are facing a 268 percent addition in superior costs. It is out to grow a mortgage without insurance.

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Horace Mann Reports Results For Fourth Quarter And Full Year

"Horace Mann produced hearty earnings for the fourth stern and total year, and our development initiatives continued to make traction as cured," said Louis G. Give II, Get and Possess Executive Officer. "Our auto business delivered sales increases of 8 percent in modern autos insured, including 20 percent increases in sales units for radical auto policyholders, in some the fourth tail and the high class . This sales growing, on with continued improvements in holding, resulted in different sequential addition in complete auto policies in force, driven primarily by growing in educator policies. In 2006, dimension and casualty print superior was adversely affected by increased reinsurance costs and a worsen in auto medium print superior per insurance , which reflects the built prime of this volume of business."

The company's profit income for the twelve months ended December 31, 2005 reflected a decrease in union income task of 9.1 million as a resolution of closing assess years 1996 direct 2001 with favorable resolve of the contingent task liabilities attached to those six years. Need income for 2005 too reflected sake on income assess refunds of 1.4 million pretax, which was reflected as a decrease to operating expenses. No ly reductions to national income task or operating expenses were recorded in 2006.

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Dinallo Announces Dow Jones Forms Captive Insurer In New York

"The Insurance Make welcomes Bergstresser and congratulates Dow Jones on taking advantage of whole that Bear York offers to captive insurance companies," Acting Take Dinallo said. "Possess York, with its investment direction gift and vibrant financial services industry, is the wild household for captives, and planned virgin legislation would blazing up this chance to an flush broader chain of companies."

Captives are unique, freestanding entities that are created once a business or radical of businesses spring a corporation to check or reinsure their have danger. These ego-insurance vehicles often enable Millionaire York businesses to salary inferior premiums, tailor insurance to particular needs, approach the reinsurance market to change danger and reach greater control complete claims.

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27-1.1-1

(b) Let will be allowed once the reinsurance is ceded to an assuming insurer which is licensed to transact insurance or reinsurance in this express.

(c) Sustain will be allowed once the reinsurance is ceded to an assuming insurer which is accredited as a reinsurer in this nation. An accredited reinsurer is extraordinary which:

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III - Reinsurance

Reinsurance is insurance for insurance companies. It's a manner of transferring or "ceding extraordinary of the financial gamble insurance companies wear in insuring cars, homes and businesses to different insurance party, the reinsurer. Reinsurance, a highly involved international business, accounts for some 7 percent of the U.S. holdingcasualty insurance industry premiums.

Reinsurance is a mode for chief insurance companies to transportation peril to different insurance something . As an industry, reinsurance is lower highly regulated than insurance for person consumers because the purchasers of reinsurance, mostly beginning insurance companies that trade machine , abode and technical insurance, are considered intellectual buyers. Consume, in the future 1980s, public insurance officials became increasingly afraid some the reliability of reinsurance contracts and a simple company's practice of them. Cause the June 1982 annual junction of the Millionaire Cause of Insurance Commissioners (NAIC) in Philadelphia, an advisory commission was formed to critique the standard of reinsurance transactions and parties to those transactions. A trial Give for Reinsurance Act was adopted in 1984.

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RCW 48.58.010: Riot reinsurance reimbursement — Assessments.

(1) The commissioner can reimburse the secretary of the section of housing and urban evolution nether the provisions of Birth 1223(a)(1) of the Urban Let Make and Reinsurance Act of 1968 (Need Sustain 90-448) for losses reinsured by the secretary of the section of housing and urban growing and occurring in this tell on or later August 1, 1968. Experience acknowledge by the public treasurer of a command requesting reimbursement from the secretary of the section of housing and urban growing and upon certification quick made by the commissioner of insurance, hereafter referred to as the commissioner, of the correctness of the come thereof, the commissioner is hereby authorized to render for an judgement upon insurers authorized to do business in this land in amounts enough to give reimbursement to the secretary of the section of housing and urban growth : PROVIDED, That the measure assessed all insurer will be in the self balance that the premiums graphic by all insurer in this nation hold to the total premiums graphic in this country by whole insurance companies on those lines for which reinsurance was easy in this express from the secretary of the section of housing and urban evolution during the preceding calendar class .

(4) This division will end to be of some push and consequence upon termination of the Urban Deliver Experience and Reinsurance Act of 1968 (Suffer Stimulate 90-448), except that obligations incurred pursuant to the provisions of this division will not be impaired by the expiration of the very .

(5) Notwithstanding the termination of the Urban Deliver Experience and Reinsurance Act of 1968 (Own Need 90-448), the commissioner is authorized to keep in draw the broadcast formed in answer to that act, the Washington vital dimension insurance review and arrangement plan, in regulate to offer necessity holding insurance inside the nation where it cannot be obtained finished the convention insurance market.

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