The National Association of Professional Insurance Agents has adopted a policy position favoring a newly evolved system of oversight and guiding PIA participation in the insurance regulatory reform efforts of the National Association of Insurance Commissioners (NAIC). The policy position …
American Life Insurance Co. (ALICO), a member of the AIG Group, announced plans to team with Internet health care provider WorldCare, Inc. to offer global medical services through a consortium of health care providers. WorldCare Global e-Health Network(TM) operates through …
ACE Ltd. isn’t the only insurance company to see earnings increase in the 1st quarter. Despite some difficulties, notably the December storms in Europe, most earnings reports have been positive. It seems most of the industry is looking back on …
AB 2639 (Calderon) will be heard on May 10. The bill was originally scheduled for hearing on April 12, but was pulled from the calendar after last-minute opposition from the California Department of Insurance (CDI) and the trial lawyer’s lobby. …
Of the 909 claims presented to the International Commission on Holocaust Era Insurance Claims, 124 have been settled, 393 have been rejected and the remaining 392 are still pending, the L.A. Times reported today. Participation in the commission, established in …
American Safety’s first quarter 2000 included a net operating loss of $1.8 million, compared to earnings of $1.7 million for the first quarter 1999. However, net premiums for first quarter 2000 increased 116 percent to $5.3 million and total revenues …
Reliance Surety Group has asked Securities and Exchange Commission regulators to withdraw its proposal for an initial public offering. The back-tracking is a result of the parent company’s recent deal with Travelers Casualty and Surety Co. to sell off its …
Marsh & McLennan Cos. Inc. received approval Monday to set up an Internet savings bank. The world’s largest broker will call the thrift “AtBank” and will provide retail deposit products to its employees and existing clients. AtBank, which will be …
Assurex International, the world’s largest privately held commercial insurance brokerage group with combined insurance premiums exceeding $12 billion annually, has expanded its worldwide presence with the addition of four new North American Broker Partners in Hawaii, South Carolina, Tennessee, and …
From Los Angeles to London, last week’s “Love Bug” computer virus has generated a lot of speculation over the extent of the losses caused to business, and to what extent they were covered by insurance. So far the word seems …
