Financial guarantee services provider MBIA Insurance Corp. announced that it is transferring its global marketing effort to London, and has opened an office there. John B.Caouette, Vice Chairman of MBIA, will head up the company’s international market development efforts. “We …
Lloyd’s has announced publication of “Statistics Relating to Lloyd’s 1999”, compiled and produced by its Market Reporting & Solvency Department. The guide “provides information on premiums in all categories of business, claims, market trends, capacity, membership and market practitioners.” It …
Rising liability costs are driving up New York City auto insurance rates, according to testimony by the American Insurance Association before the Assembly Insurance Committee. New York City bodily injury claims are much more frequent and severe than elsewhere in …
Fresh charges were thrown at California’s legally embattled insurance commissioner Tuesday, when a state representative accused him of entering “possibly illegal” deals with Holocaust-era insurers. In a letter from State Rep. Wall Knox, D-Los Angeles, to California Attorney General Bill …
A new earthquake bill would invite an avalanche of claims, the National Association of Independent Insurers (NAII) said yesterday. Senate Bill 1899 lifts the statute of limitations that would otherwise bar plaintiffs from filing claims resulting from the 1994 Northridge …
Fireman’s Fund insurance Co. (FFIC) selected CompPartners, an Irvine-based workers’ comp health care organization (HCO), to provide HCO services in California. Joseph Wells, vice president of workers’ compensation for FFIC, was quoted as saying that the time for HCOs had …
Coverage Corp.com, a direct Internet provider of property and casualty insurance coverage for small and medium-size businesses, and efinanceworks, a global business accelerator focuses on efinance, have announced that CoverageCorp.com has raised $10 million in financing, with $9 coming from …
In a case that uncovered a pattern of fraudulent activity, Protegrity Services Inc.’s Special Investigation Unit recently proved in federal court that a Daytona company underreported payroll, in turn underpaying workers’ comp premiums, for nearly nine years. While a judgment …
CoverageConnect, an Internet-based commercial insurance marketplace for small to mid-size businesses, plans to launch its new online commercial insurance marketplace web site over the summer. The site will serve as an online insurance agent, offering users customized commercial property, general …
After 41 solid years of work, Nationwide Chairman and CEO Dimon McFerson has announced he’ll retire at the end of the year. His retirement comes as no surprise. He informed Nationwide’s board of directors of his intentions more than a …
