Zurich U.S., headquartered in Schaumburg, Ill., has appointed four new executives in an effort to better manage the company’s rapidly growing presence in the southwestern United States. Mark Wall is the senior regional vice president for financial services at The …
Cincinnati Financial Corp. expects decreased underwriting profitability at its property casualty insurance affiliates in the third quarter due to large losses from fires and commercial liability. The insurer’s property casualty operations combined ratio, excluding a previously announced one-time charge, is …
Almost 3,000 independent agents are signed up to use Travelers’ Issue Express Net, a web-based quote, rate and issuance system for small business insurance, a sure sign, the company said, that many agents are embracing the Internet. “The fact that …
A.M. Best Co. has downgraded the financial strength rating of Unionamerica Insurance Company Limited, London to B+ (Very Good) from A (Excellent) and removed the rating from under review. The actions follow the Sept. 19 announcement by Unionamerica’s new parent, …
Key.com, the web site of KeyCorp., has launched a phased program of upgrades and enhancements designed to improve its banking and financial services site. KeyCorp is expanding the number of insurance products and services available to customers through Key.com. Through …
Claims Injury Sciences LLC announced an agreement to integrate its flagship product, WrExpert(tm) accident and injury analysis software, with Vetronix Corporation Crash Data Retrieval System, which allows crash data to be downloaded from a vehicle’s airbag sensing and diagnostic module, …
On Sept. 22, A.M. Best Co. downgraded the financial strength rating on Credit General Insurance Company and Credit General Indemnity Company from “B++” (Very Good) to “C” (Weak) and placed the group under review with developing implications. Best reported that …
The combined damage caused by a tornado that ripped through Xenia, Ohio Sept. 20 and storms in several other counties, has been estimated at more than $33 million in insured losses, according to the the Ohio Insurance Institute. A total …
Chubb Corp. announced that it has completed the sale of its ownership interest in Associated Aviation Underwriters, Inc. (AAU) to British Aviation Insurance Group Ltd. (BAIG). Chubb’s partner in the aviation and satellite carrier, CNA Financial also sold its interest …
While the search for victims continues, at least 60 people have been confirmed dead in the sinking of the Greek Ferry Express Samina off the island of Paros in the Aegean Sea on Tuesday night. According to press reports the …
