Equipment breakdown coverage: it’s the modern-day descendant of what has been traditionally referred to as boiler and machinery insurance. And today’s businesses need it just as much as they did in the old days. In fact, Denis O’Shea, assistant vice …
It looks like the Lutine Bell will continue to ring at Lloyd’s for a while longer, as it no doubt did on Nov. 3, when Justice Peter Cresswell of London’s High Court announced his long-awaited decision in the Jaffray case. …
The building boom across much of the country resulting from nearly 10 years of economic expansion has also resulted in a business boom for artisan contractors. As individuals in some of the country’s hottest markets can attest, construction projects are …
“Make no mistake about it—we are at war right now,” John Amore, CEO of Zurich U.S. Specialties, told a roomful of 600+ attendees during the general session of the 52nd Annual Golden Gate Chapter CPCU All Industry Day, held Nov. …
On Nov. 17, the U.S. Office of Thrift Supervision (OTS) cleared an application by the Independent Insurance Agents of America (IIAA) and W.R. Berkley Corp. to establish a new federal thrift by the name of InsurBanc. The regulatory action comes …
Wasatch Crest Group Inc., Utah’s second largest workers’ compensation insurer, recently announced the layoff of 41 employees, representing one-third of its workforce. According to Wasatch, the layoffs are due to a planned outsourcing of health policy administration and claim functions …
Intuit Inc. and InsWeb Corp. today announced they have reached a set of definitive agreements to allow InsWeb to acquire certain assets in exchange for an equity stake. Under the agreements, InsWeb will acquire selected assets of Intuit’s QuickenInsurance business. …
Computer Sciences Corp. announced its fifth extension of a $16 per share cash offer for insurance software company Mynd Corp. to Dec. 29 as it awaits U.S. regulatory review of the $566 million deal. CSC, the world’s third largest computer …
ebix.com Inc., previously Delphi Information Systems, has announced the reconstitution of its Board of Directors. The eight members were officially elected at the company’s annual meeting last week. Roy Rogers, a West Coast venture capitalist, was unanimously elected as the …
Applied Systems Inc. has unveiled a strategic partnership with Data Transit International that was established last month. The agreement calls for Data Transit to house Applied’s Internet-based insurance agent/broker management system, TAMCentral, on its data center. By outsourcing its data …
