The French Commission, headed by former Minister Jean Matteoli, which was established in 1997 to investigate the wrongful confiscation of Jewish property under the Vichy regime during World War II, has issued its long awaited report. Although between 90 and …
Last October a commuter train, operated by Thames Trains, collided with an incoming express train just after leaving London’s Paddington Station, killing 31 people and injuring many more. While the government commission of inquiry is not scheduled to present its …
A recent University of Alberta, Canada research team believes that people hurt in traffic accidents recover better when they can’t collect money for their pain and suffering. The study analyzed whiplash claims after the Saskatchewan province switched to a no-fault …
Seattle-based SAFECO Corp. announced that both Property & Casualty and Life & Investments operations performed below expectations during the first quarter. The underwriting loss is expected to be in the $135-million range, due in part to a tornado and severe …
Hilb, Rogal and Hamilton Co.’s (HRH) total revenues for the first quarter rose 33.3 percent to $67 million, up from $50.3 million a year ago. The comparison reflects American Phoenix Corp. revenue additions as well as lower net gains from …
A national consumer opinion survey commissioned by QuickenInsurance and Electronic Financial Services Council, shows 25 percent of U.S. households with Internet access will use the web to comparison shop or purchase insurance. The survey suggests that a positive relationship exists …
Quotesmith.com, an online insurance information exchange, saw a record $3.9 million in revenues for the first quarter, a 29 percent increase over the previous quarter. Net losses also rose from $6.8 million last quarter to $9.1 million. The company, now …
The Chartered Property Casualty Underwriters Society has officially entered international waters with the induction of the new Bermuda Chapter. The board of governors approved the new chapter at the Society’s winter meeting in early April. The Society hopes to create …
Progressive Corp.’s first-quarter report shows $47 million in losses, mostly due to payments on claims from U.S. storm damage last year. The Ohio-based insurer reported a net loss of $46.6 million, down from a profit of $105 million the previous …
A California federal jury awarded Allstate Insurance Company compensatory and punitive damages totalling $3.02 million against a group of defendants who allegedly participated in a fraud conspiracy after the Northridge earthquake. The defendants, including former adjuster Harry Booth and two …
