Paul A. Buse has been named president of the Independent Insurance Agents of America’s for-profit subsidiaries, IIAA Membership Services Inc. and IIAA Agency Administrative Services Inc. As president, Buse will handle the day-to-day management of marketing IIAA’s endorsed products and …
U.K. on-line personal injury service provider Claims Direct announced that it is setting aside £5 million ($7 million) to settle complaints from customers that they were shortchanged on settlements negotiated with insurance companies using its service. The controversy was highlighted …
In an effort to reach their announced goal of ruling on all pending applications for insurance licenses by the end of this year, India’s Insurance Regulatory & Development Authority has granted several applications. Last week the IRDA approved the joint …
German insurance giant Allianz AG announced that premium income for the first 9 months of the year reached a record €50.9 billion ($42.675 billion) a 15.5 percent rise over 1999. Property and casualty operations reported an 8.1 percent rise to …
The November 22nd auction in London of 303 Internet Domain Names (IJ Nov. 13) failed to produce a buyer, as bids fell below the £ 1 million ($1.4 million) minimum reserve price. Nevertheless bidding on the three sets of 101 …
New York Superintendent of Insurance Neil D. Levin announced the indictment of 17 individuals in connection with the operation of a multimillion-dollar auto theft, dismantling and stolen parts ring operating in Queens and Brooklyn. Six of the defendants were charged …
Even as delegates at the UN sponsored environmental conference in the Hague failed to reach any agreement to address the effects of climate change, Dr. Andrew Dlugolecki, director of general insurance development at CGNU, warned that the actual rise in …
A German Federal court denied fugitive financier Martin Frankel’s appeal of a three year sentence from his conviction on charges of smuggling diamonds and possessing false documents. Frankel, who is accused of swindling over $200 million from insurance companies which …
Lloyd’s has named Julian T. James, currently managing director of its North American Unit, to assume the new position of director for Worldwide Markets, a division which will unite Lloyd’s operations in the U.S., Canada and certain international sectors. For …
Following almost a week of uninterrupted rain, roughly one third of the Eastern Australian State of New South Wales is under water. The worst floods in over 20 years have caused widespread damage, and forced the evacuation of many homes …
