Zurich E&S Insurance Brokerage Inc. replaced Glendale Specialty Risk Insurance Services Inc. as its wholesale surplus lines brokerage facility in California. The change went into effect on June 15. The office will remain at its current location of 801 North …
He was to testify Thursday before a legislative committee on those very accusations. The resignation, effective July 10, came after a night of negotiations with state legislators and attorneys in which Quackenbush made an effort to limit any civil or …
Although neither Quackenbush nor his attorney Donald Heller have commented, the Times said he is requesting payment of attorney fees and an end to the ongoing hearings. His requests being met is doubtful. Meanwhile, preparations continue for Thursday’s hearing, where …
Prudential Plc expected to raise $209 million through a global offer of 15 million shares listed Wednesday on the New York Stock Exchange. Prudential issued the ordinary shares and American Depositary Shares in a secondary offering. The company expected to …
The National Association of Insurance Commissioners has adopted a white paper regarding the handling of consumer complaints by insurance departments. The action came during a plenary conference call yesterday. The white paper is the result of a charge by the …
“Space Weather – hazard to the Earth?”, a new 41 page study from Swiss Re, examines the effects of solar activity and related interstellar phenomenon on earth’s weather, and on high tech installations, and reaches some alarming conclusions. “Space weather,” …
The ongoing battle to acquire Lloyd’s insurer Limit Plc continues to heat up as both contenders, Australia’s QBE and London insurer Wellington Underwriting Plc, upped their offers by as yet undisclosed amounts. QBE had already offered 135 pence (about $2.03) …
175 year old Standard Life, Europe’s biggest mutual life insurance company, will remain just that. In a special meeting which counted the votes of some 1.1 million of its 2.3 million members (policyholders) the proposal to demutalize, made by Monaco …
AGF’s announcement that it would launch an on-line p/c insurer, OKassurance, on July 3 validates the promise, made last March, to create France’s first such site The third largest French P/C insurer, which is 51 percent owned by Germany’s Allianz, …
The Pennsylvania Supreme Court has reversed a 1999 Superior Court decision that forced an insurance company to cover a policyholder who had rejected uninsured motorist coverage. The state Supreme Court unanimously rejected the argument made by the plaintiff in the …
