Since its emergence just three years ago, the market for weather risks has become a significant new development on the radar screen of the reinsurance industry. “Weather is essentially a new class of risk that is now being introduced to …
Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its insurers, la Réuniuon Aerienne*, are currently stalled. Lawsuits have …
Nearly 800 independent insurance agents will come together in the nation’s capital May 2-4 for the 25th Annual Independent Insurance Agents of America National Legislative Conference. The 2001 IIAA National Legislative Conference will be held at the Grand Hyatt Hotel …
Insurance broker E.W. Blanch Holdings Inc. has named Chris Walker as its new president and chief operating officer, succeeding Ted Blanch. Blanch has been named the Dallas-based company’s chairman emeritus.
Four insurance trade associations have said they cannot supply data to federal safety regulators that will indicate whether certain passenger vehicles pose a potential danger to consumers. In a joint statement filed with the National Highway Traffic Safety Administration, the …
Prudential Insurance Co. is the focus of a lawsuit filed by 15 Palm Beach County residents who are aiming to prove the company sold bogus policies. Pretrial motions were scheduled for today, and jury selection has been set for Feb. …
Safeco has reported lower profits for 2000, and an operating loss for the fourth quarter. For the full year 2000, SAFECO reported net income of $114.6 million, or $0.90 per diluted share, on revenues of $7.1 billion. Operating income, excluding …
The House Financial Services Committee subcommittee has been revised for the newly minted panel, which will have broad sway across the financial sector. The committee was formed earlier this month by adding the securities and insurance jurisdictions once held by …
A March hearing has been scheduled for the owner of a Maryland company whom Texas insurance regulators allege posed as president of a Dallas insurance company on at least one medical policy. Dr. Maruthi S. Manney, owner of SAI Plus, …
Travelers has launched a new Internet-technology-based automation system for personal lines independent agents in an effort to save them time and improve their profitability by simplifying the quoting and issuing of new insurance policies. The system, called ATLAS3, allows agents …
