French police detained and questioned AXA’s Management Board Chairman Henri de Castries, and his predecessor the company’s founder Claude Bébéar, who now presides over its Supervisory Board, about a massive tax evasion scheme involving PanEuroLife, a Luxembourg-based subsidiary of UAP, …
Insurance consultants Tillinghast-Towers Perrin have released figures contained in a report which estimate that ultimately claims from asbestos will reach $200 billion. One of the most significant findings concluded that claims, which were expected to decline, as the use of …
Swiss Re’s new study – sigma 3/2001 “Capital Market Innovation in the Insurance Industry” examines the history and the future of the transfer of insurance risks to the capital markets (ART’s), and concludes that “these securities have vast potential.” Approximately …
State Farm Indemnity, New Jersey’s largest auto insurer, announced plans to withdraw from the market citing a failure to obtain regulatory reforms and consistently poor loss experience over the last three years. Another NJ-based company, rating agency A.M. Best, took …
AMS Holding Group, a provider of software and information services to the property and casualty industry, announced the promotion of Euan C. Menzies to the position of chief executive officer. Menzies is president and COO of AMS Holding Group, and …
A 1988 New York law making auto rental car companies responsible for the principal costs of damaged cars would be overturned by Assembly Bill 7742, which is being considered by an Assembly committee. “In view of the insurance fraud problem …
A partnership between Knowledge Anywhere, which provides web-based learning solutions for corporations and business professionals, and the Independent Insurance Agents & Brokers of Washington, will allow IIABW members access to continuing education courses including training and testing to obtain professional …
San Diego-based HNC Software Inc., a provider of Customer Insight software, has acquired the workers’ compensation compliance reporting products and related customer base of ecDataFlow.com Inc. The agreement is HNC’s third acquisition of insurance EDI/Network Connectivity products in the past …
The Nevada State Legislature adjourned last week following several important victories for the insurance industry, according to lobbying groups. Passage of measures benefiting insurers and the defeat of several trial lawyer-sponsored bills were the focus of the American Insurance Association …
The National Association of Mutual Insurance Companies (NAMIC) did much more than detail its actions to achieve regulatory modernization at the state level to insurance regulators meeting in New Orleans last weekend. Naming state legislators the most powerful of allies, …
