In a letter addressed to Chairman Lawrence Eagleburger, Dr. Eric J. Fischer, Secretary General of the Dutch Association of Insurers, asked that the trade organization become a participant in the International Commission on Holocaust Era Insurance Claims (ICHEC). Eagleburger will …
Duff and Phelps Credit Rating Co. (DCR) announced that it is modifying the A+ claims paying ability rating of the Lloyd’s market from “Stable” to “Developing.” “The change in Outlook follows Lloyd’s announcement of results for the recently closed 1997 …
The number of long-term care insurance policies sold has doubled over the last five years to nearly six million according to a new survey on the private long-term care insurance market released today by the Health Insurance Association of America. …
Consumers and insurance agents view things differently, according to a recent study. Personal lines buyers, 87 percent of those polled, want 24-hour customer service from their carrier, and 85 percent say having professional standards for agencies is important. Additionally, 59 …
In its much ballyhooed initial public offering, Metropolitan Life Insurance Co., the number two U.S. insurer, raised $2.88 billion Tuesday-less than half of its initial $6.1 billion target. The shortfall stemmed primarily from reduced demands for insurance stock. The company …
FacWorld, the brainchild of General & Cologne Re, is the reinsurance industry’s first full-service facultative web site, offering online access to all G&C facultative underwriters in the company’s property/casualty and ocean marine disciplines. Customized submission forms are available for thirteen …
A month ago Dresdner Bank and Deutsche Bank (DB) announced plans to merge. With considerable help from their mutual shareholder, insurer Allianz AG, the two German banks seemed set to become the world’s largest bank, and the first private financial …
Following allegations Sunday that California Insurance Commissioner Chuck Quackenbush was overly lenient with three insurers in exchange for contributions to an education and research foundation, a consumer group has asked the state’s attorney general to investigate the commissioner. The Foundation …
An estimated 80 percent of small businesses would consider changing their property-casualty carrier unless they were completely satisfied with their business insurance according to a survey conducted by CustomerStance, a customer-focused research service for small business commercial insurance carriers. The …
At a Washington hearing last week, William F. Hofmann, president elect of the Independent Insurance Agents of America, said the association has “grave concerns” with proposed workplace ergonomics rules and is calling on the Occupational Safety and Health Administration to …
