AGF/IART, a unit of AGF the French arm of Germany’s Allianz, will issue natural catastrophe securities covering windstorm damages in France and earthquake risks in Europe through Mediterranean Re, a special purpose vehicle. Prompted by last year’s heavy windstorm losses, …
Investigators from the California Department of Insurance Criminal Investigations Branch arrested Lucinda Anne Hatch of Orange County on two felony counts of insurance fraud and one felony count of forgery. Hatch, 36, was arrested by CDI investigators on Nov. 21 …
Susan Jeanette Hobson, 40, surrendered to investigators from the California Department of Insurance on three felony counts of insurance fraud and one felony count of perjury. In February 1996, the Sacramento woman allegedly tripped in the parking lot of her …
Bankers Insurance Co. announced today the intent to purchase up to 250,000 outstanding shares of common stock of Insurance Management Solutions Group Inc. Insurance Management Solutions Group is a majority owned subsidiary of Bankers Insurance Group. Bankers Insurance Co. is …
Queensway Financial Holdings Limited entered an agreement to sell the shares of its subsidiary, Atlantic Alliance Fidelity and Surety Co. to The Guarantee Company of North America. The closing of the transaction is subject to normal closing conditions, including obtaining …
Missouri’s projected rate of uninsured passenger vehicles dropped by 18 percent—or 63,000 autos—during 1999, reaching the lowest levels since the state enacted its current mandatory insurance law in 1987, according to the Missouri Department of Insurance. The agency’s annual computer …
Zurich Financial Services plans “a substantial expansion of its financial services capabilities in Australia and New Zealand.” In conjunction with two local companies, the Anglo-Suisse giant plans to significantly increase the size and scope of its operations with the opening …
In an effort aimed at “picking out the cowboys” in the U.K.’s insurance industry the Association of British Insurers has adopted a new code, that will come in to force on the first of January 2001, setting minimum standards for …
Chinese regulatory authorities further opened the insurance market to foreign companies, announcing that John Hancock had received the go ahead for its planned joint venture with Tainan Insurance Co., and permitting Swiss based Winterhur to acquire a stake in Tai …
HSB Group Inc. announced that yesterday the Connecticut State Insurance Department approved the acquisition by American International Group Inc. of The Hartford Steam Boiler Inspection and Insurance Company and The Hartford Steam Boiler Inspection and Insurance Company of Connecticut, both …
