The lack of preparedness on the part of businesses to manage risks posed by the Internet, e-commerce and computer technologies was the theme of an address by Jon Farber, senior underwriting director, The St. Paul Companies at the recent “Cyber …
Rockwood Programs Inc. and KEMPES, a Kemper Company, have teamed up with the Independent Insurance Agents of America (IIAA) and its Big “I” Markets program to offer employment practices liability insurance (EPLI). This new coverage replaces the stand-alone policy previously …
RC Knox & Company, the insurance agency subsidiary of People’s Bank, announced the formation of the eFraud Alliance and the eTailer Fraud Solution Insurance Policy (eFSIP) to protect online businesses from the risk of catastrophic credit card fraud losses. The …
The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers (NAII). ISO and …
Michigan’s Financial and Insurance Services Commissioner, Frank M. Fitzgerald, testified last week before the U.S. House of Representatives Capital Markets, Insurance and Government Sponsored Enterprises Subcommittee, part of the Committee on Financial Services. Fitzgerald’s testimony highlighted the importance of state …
The Ziegler Cos., a Wisconsin-based firm, will sell its Ziegler Insurance division to Waukesha-centered R&R Insurance Services Inc., according to a report in The Milwaukee Journal Sentinel. R&R Insurance offers insurance, employee benefit plans, risk management and financial planning services. …
Japanese regulators yesterday selected Daido Life Insurance Co. and Taiyo Mutual Life Insurance Co. to take over failed insurer Tokyo Mutual Life, over the rival bids of American International Group and GE Edison Life, a unit of GE Capital Corp. …
Zurich North America’s Emerging Markets Group announced the conclusion of a facultative reinsurance agreement covering certain financial risks of the Inter-American Development Bank. “The reinsurance, Zurich’s first such agreement with the IADB, will support a power project undertaken by the …
Australia’s QBE announced that it plans to rearrange its interests in several Lloyd’s syndicates managed by its wholly owned subsidiary Limit plc, and will increase their underwriting capacity. The syndicates have a combined capacity of approximately $1.2 billion for the …
A U.S. District Court Judge on Tuesday ordered MetLife Inc. to respond to charges that it consistently charged black Americans higher premiums than whites for low cost life insurance and burial policies. By failing to grant MetLife’s request to dismiss …
