The distinct possibility that damage awards arising from automobile accident claims will substantially increase in the U.K. has prompted the Association of British Insurers (ABI) to warn of possible big increases in rates. According to a report in the Belfast …
Metropolitan Life Insurance Co., approved its plan toconvert into a stock company. The final vote determined that 93 percent of the nearly 2.8 million pulicyholders who voted approved the plan. Metropolitan Life Insurance Co., approved its plan to convert into …
Hamburg, Germany’s high state court approved the extradition of Martin Frankel to the United States. Frankel is a United States citizen and businessman wanted in the United States for allegedly defrauding insurance companies of more than $200 million. His extradition …
Mayon volcano, located in the central Philippines about 190 miles southeast of Manila, erupted Thursday, sending molten rivers of lava down its slopes and darkened skies by sending ash six miles into the atmosphere. It forced about 30,000 people from …
A new company will be launched in May 2000 called dotRisk Limited. It will offer insurance placement, claims handling and a claims trading marketplace. dotRisk’s focus will be business-to-business exchanges and will provide an online mechanism for the purchase of …
Monsoon driven rains continued to dump water on central and Northeastern Australia, knocking out bridges, flooding highways and isolating many small communities. The Thomson River was expected to crest at 6 meters (19.8 feet) on Thursday, its highest level on …
Life and pensions insurer Royal London announced that it has reached agreement with door-to-door mutual insurer United Assurance Group (UAG) to take over the company for £1.5 billion ($2.4 billion). This new consolidation agreement comes on the heels of Monday’s …
Four days of negotiations failed to achieve results in talks between European Union (EU) negotiators and their Chinese counterparts in Beijing. The talks were aimed at resolving differences concerning China’s admission to the World Trade Organization. According to a Reuters …
Cover-All Technologies Inc., a provider of software solutions for the p/c industry, announced it licensed its Classic EXPRESSion rating and issuance system to three new customers in Puerto Rico, including Ace Insurance Co. Ace Insurance Co. is the San Juan-based …
Risk Management Solutions (RMS) announced the publication of two reports covering the Aug. 17 earthquake in Izmit, Turkey, and the Sept. 21 earthquake in Chi-Chi, Taiwan. The reports offer analysis of the affected regions, geologic effects, causes of structural damages, …
