Lloyd’s Business intelligence Centre has produced a new CD-ROM which lists detailed information for all Lloyd’s Syndicates. The CD-ROM is fully indexed by underwriter, managing agent and syndicate number, and is designed to provide all information necessary. Copies may be …
A Senate subcommittee distributed California Department of Insurance market conduct examinations in defiance of a state law that prohibits the release of these materials, the Association of California Insurance Companies (ACIC) said yesterday. ACIC President Barry Carmody said that: “The …
The E-SIGN Act, which could make digital signatures just as legal as written ones, is up for final approval in Congress. If approved, the legislation would become effective in October, requiring the establishment of a uniform national standard for transactions …
The National Association of Insurance Commissioners, assembled near Orlando for its summer conference, has named Florida Insurance Commissioner Bill Nelson to lead nationwide settlement negotiations as the primary negotiator with a major insurance company over the charging of higher premiums …
Independent Insurance Agents of America (IIAA) CEO for Industry and State Relations Jeffrey M. Yates announced yesterday that he is resigning and will be leaving the association this fall to pursue other opportunities and lifelong ambitions. Yates will leave the …
The property/casualty insurance industry reported a statutory rate of return of 7.0 percent (on an annualized basis) during the first quarter of 2000, down from 10.7 percent in same quarter of 1999 but up from 6.6 percent for all of …
The U.S. property/casualty industry’s net income after taxes dropped 35.4 percent to $5.8 billion in first-quarter 2000, down from $9 billion in first-quarter 1999, according to Insurance Services Office, Inc. (ISO) and the National Association of Independent Insurers (NAII). Contributing …
Wisconsin state officials have estimated damages from a series of storms that ripped through the state nearly two weeks ago at $28.5 million. Gov. Tommy Thompson is considering a request for federal disaster relief in 16 counties. The storms produced …
Prudential Plc, Britain’s largest life insurer, plans to list on the New York Stock Exchange later this month in an effort to broaden shareholder base and possibly position the company for a U.S. acquisition. Prudential’s announcement came just two days …
Martin Frankel’s passport fraud trial began today in Hamburg, despite promises by the German government to quickly return Frankel to the United States. The trial went forward, according to reports, due primarily to German government plans to press charges for …
