The Professional Liability Group of the Progressive Corporation introduced an Internet Banking Protection Package (IBPP), which provides coverage for community banks engaged in Internet banking. The IBPP complements its existing products for financial institutions. Comprised of two interconnected policies, the …
To protect its name and trademark, Nationwide, an international insurance and financial services leader, filed a federal trademark infringement suit against Florida-based Nationwide Insurance Group Inc. and The Nationwide Companies. Nationwide filed for a preliminary injunction in Federal District Court …
The MassMutual Financial Group announced that it had completed the purchase of Japan’s Aetna Heiwa Life Insurance Co. Inc. from Aetna International Inc., a division of Holland’s ING Group, which acquired it from Aetna last December. MassMutual will own approximately …
According to the latest report from the Association of Lloyd’s Members (ALM), which represents most of the individual investors, or “Names,” in Lloyd’s syndicates, the market should return to profitability beginning this year, but the report also revealed larger than …
Swiss Re will transfer its 90 percent ownership interest in Holland’s NCM Group to Germany’s Gerling Credit, which will combine the two companies as Gerling NCM Credit and Finance AG. It will have approximately 25 percent of the global market …
Kae Lovaas, president of The St. Paul Companies Global Technology Underwriting unit, told Boston-area agents and brokers about e-commerce risks at a seminar on Tuesday. She pointed out that traditional insurance policies were developed before the Internet and the exposures …
Rick Baff, President of New Jersey’s Pinpoint Solutions, LLC, announced that Jeffrey Smith has been named Senior Vice President of the Sales organization, with the responsibility for building and managing Pinpoint’s global sales. Smith will be co-located in Hartford Conn. …
Bethesda-based insurance broker Meltzer Schiner & Carroll/Meltzer Group Benefits is taking nearly 30 children who participated in Washington D.C.’s “For Love of Children” (FLOC) Program to the Six Flags America theme park in Largo, Maryland on Friday, August 24th – …
FileNET Corp., a provider of business process management solutions, announced the availability of Acenza Underwriting and Policy Administration, the latest addition to FileNET’s Acenza for Insurance suite of applications. The new application is designed to enable property and casualty insurers …
The American Insurance Association (AIA) applauded San Diego Superior Court Judge Ronald Styn for his recent decision to uphold the use of video cameras to catch red-light runners. AIA cautioned opponents of red-light cameras from abandoning this proven motorist/transportation safety …
