Two bills that would have increased the cost of auto insurance in Oklahoma died in the state House/Senate conference committees as the 2001 legislature adjourned on May 25. The National Association of Independent Insurers (NAII) strongly opposed both bills. SB …
Eureko, the insurance consortium based in The Netherlands, has agreed to purchase an additional 54.38 percent of the shares of Greek life insurance and investment management company Interamerican at a base price of € 19.81 per share ($ 17.03). It …
London’s Benfield Greig Group plc announced that its tender offer to shareholders of Dallas-based E.W. Blanch Holdings Inc. had been accepted by more than 94 percent as of the closing date last Friday. Benfield will pay $13.50 for the 12,249,738 …
Munich Re, the world’s largest reinsurer, reported that premium income for the the first quarter reached €4.3 billion ($3.7 billion), a solid 9 percent increase over last year’s figures. N et profits reached € 805 million ($692.3 million). The increase …
The Pennsylvania Supreme Court has let stand an appellate court ruling in favor of an insurance company that had canceled an insurance policy for non-payment of a premium that was due on a weekend. The trial court, the Court of …
Dawn Marie Connelly of Pittsford was recently arrested, charged with insurance fraud in the third degree and grand larceny in the third degree. Connelly’s arrest was the result of a joint investigation by the Insurance Department’s Frauds Bureau and the …
Kingsway Financial Services Inc. announced that it would commence writing non-standard automobile insurance in California, through its wholly owned subsidiary, Lincoln General Insurance Company. The company received notification of approval of its California license and is now able to expand …
California Department of Insurance (CDI) Fraud Investigators have arrested a Fresno resident on auto insurance fraud charges. Kyle Cory Bettencourt, 27, was arrested and booked into the Fresno County Jail on May 22, 2001. He was charged with four felony …
A recent Conning & Company survey of insurance agents and brokers across the U.S. indicates that price increases have continued to accelerate and are in double-digit territory for most commercial lines. In addition, there is evidence, in the distribution of …
Standard & Poor’s removed from CreditWatch and affirmed its “A-” counterparty credit and financial strength ratings on Folksamerica Reinsurance Co. (FRC). These ratings had been placed on CreditWatch with negative implications on Jan. 19, 2000. The outlook is negative. The …
