Delegates at the annual meeting of the U.K.’s Association of Insurance and Risk Managers in Birmingham were told by insurance industry representatives that commercial insurance rates would continue to rise, with increases in the 30 percent range and many new …
A survey by the U.K. ‘s Department of Trade and Industry highlights the number of serious, and often fatal, accidents which occur in British homes each year, many of them from trivial and unsuspected causes, which could be prevented, if …
Hannover Re, the world’s fifth largest reinsurer, warned that net profits this year will be 37 percent less than in the year 2000 at around €230 million ($195.5 million), even as gross premiums rise. The company stressed that due to …
An overwhelming 97 percent majority of the members of U.K. mutual insurer Friends Provident voted to become a public stock company as early as next month, ending 169 years as a mutual society. The decision comes less than a week …
The Polish non-life insurance market has stabilized and appears headed for a period of growth according to Standard & Poor’s (S&P) most recent studies. S&P’s report notes that against decreasing margins and more competition in the market, the present low …
According to the National Association of Independent Insurers (NAII), a bill to scrap New York’s flexible rating system for insurance rates in favor of a prior approval system would only exacerbate problems in the auto insurance market by reducing competition …
Effective July 1, 2001, John L. Garibaldi will assume the position of president and CEO of Zephyr Insurance Company, which provides hurricane property insurance coverage to Hawaii residents and homeowners effective. Garibaldi joins Zephyr after a year’s hiatus from his …
The insurance brokerage and financial services distribution company Alliant Resources Group Inc. announced its acquisition of San Diego-based Robert F. Driver Co. Inc., one of the largest independent insurance brokerage firms on the West Coast. Driver Chairman and CEO Tom …
ERisk and RMS announced they will host an hour-long online event for the property/casualty insurance industry on June 7, 2001. ERisk and RMS will overview the latest approaches for measuring risk in terms of economic (required) capital and for measuring …
CNA Global Specialty Lines (GSL) recently announced their new, Employment Practices Liability Risk Management Services program. This program provides easy access to both legal and human resources consultants and information to help reduce exposures to costly employment litigation and claims. …
