Excess capacity, intense competition, inadequate premium rates and a high level of claims resulted in a very poor earnings performance in the New Zealand nonlife insurance market in 1999. So said Ian Thompson, Standard & Poor’s Managing Director, at the …
If you can’t bring the information to the scanner… Do you remember your college days? Days, not daze. Well, for me, one of the things I remember was research projects and the hassle involved. Once I found all of my …
Armstrong/Robitaille, Neumarket Anticipating a larger combined volume, shared markets access, added services and growth potential, Armstrong/Robitaille Business and Insurance Services acquired Neumarket Insurance Services. Neumarket Insurance Services which opened its doors in 1977, writes workers’ comp and other coverages. Armstrong/ …
Meet Kenny Waldt, independent agent from down there in Houston. When I last checked in, back in November, he was toying with selling his $1.2 million revenue agency to a bank. Feeling pretty righteous about the value of his agency, …
On March 9, the German financial world quaked with the announcement that Deutsche Bank (DB), Germany’s largest bank, planned to merge with cross-town rival Dresdner Bank. Insurance giant Allianz AG was a driving force behind the deal and stands to …
While online sales of personal lines become increasingly common, there is still a perception that certain commercial lines pose a more difficult sell. Yet with an unofficial figure estimating the market for commercial lines running in the neighborhood of $80 …
broad coalition of insurance and employer trade associations and companies recently filed comments with the U.S. Department of Health and Human Services on proposed medical records privacy regulations. Insurers argue the proposed regulation needs clarification to ensure the ability of …
On March 20, Orange County Superior Court granted Yates & Associates Insurance Services a temporary restraining order (TRO) against R.E. Chaix & Associates. The order prohibits employees of Chaix from initiating business with any of the roughly 400 agents who …
California Insurance Commissioner Chuck Quackenbush collected political contributions from insurance companies and transferred $100,000 to his wife’s campaign accounts to repay her for personal loans she made to her failed state Senate campaign, the Los Angeles Times reported on March …
The dialogue between the California Department of Insurance (CDI) and Germany’s Munich Re came down to a legal standoff in March with respect to the reinsurer’s perceived delays in turning over documents related to Holocaust-era policies and policyholders. According to …
