The Chubb Group of Insurance Cos. has introduced Collateral Impairment and Environmental Liability Insurance for Financial Institutions to commercial real estate lenders. The coverage is available through Environmental Warranty Inc., a national insurance brokerage specializing in environmental risk protection. The …
Rackley Systems released a new version of its comparative commercial lines rating software – Rackley Systems for Windows. The software is available in all 50 states. The new software is a full-featured Windows product written exclusively for operation in the …
The Independent Insurance Agents of America has endorsed idNET’s CSR24 product, which enables an independent insurance agent to provide customers with 24/7 customer support through the Internet and/or the phone. idNET is a provider of Internet technology for the independent …
Andrew Beal has been named general counsel for the National Association of Insurance Commissioners. Beal has been serving as acting general counsel since September and has served as senior counsel since 1999. Prior to his position at the NAIC, Beal …
Ohio Insurance Department Director Lee Covington announced that the department has designed a new license certificate for Ohio insurance agents and other licensees that can be used for display purposes. The new five-by-seven inch certificate will feature a gold foil …
AIG gave further evidence of its confidence in Japan’s economy on Tuesday, with the announcement that the U.S. giant had agreed to acquire a 7.3 percent stake in H.I.S. Securities Co. Ltd. for 300 million yen ($2.61 million). While it’s …
France’s AGF, 51 percent of which is owned by Germany’s Allianz, posted strong growth in premium income in all sectors for the year 2000. Overall premium income rose 17.8 percent in 2000 to €15.74 billion ($14.78 billion) led by a …
France’s AXA Group confirmed the sale of wholly owned subsidiary Banque Worms to Germany’s Deutsche Bank for an undisclosed amount. The sale, scheduled to be completed before April 15, 2001, is ” in line with AXA’s original intention,” said the …
New York-based Frenkel & Co. Inc. has a new owner-senior management as a result of a management buyout Monday led by Robert Shunk and John Kelly. Shunk will continue as chairman of Frenkel, and Kelly will serve as president and …
New Jersey Banking and Insurance Commissioner Karen L. Suter shared the proposed draft standards with the Territorial Rating Plan Advisory Commission. The 50-year-old rating map used by automobile insurers will be redrawn based upon standards that the Department will adopt. …
