Continental Casualty Company; America Casualty Company of Reading, Penn; and Transportation Insurance Company (collectively CNA) received approval from Nevada Insurance Commissioner Alice A. Molasky-Arman to increase its medical malpractice rates 52 percent, rather than the proposed 100 percent requested. Molasky-Arman …
As the country gears up for hurricane season, researchers from the Convection And Moisture EXperiment (CAMEX) are getting ready to conduct an in-depth study of the storms by meeting them head-on. CAMEX is the fourth in a series of field …
In addition to the previously announced layoffs of 1,200 employees, Citigroup Inc. announced it will let go another 3,000 workers this year due to the economic downturn, according to Reuters. The world’s largest bank holding company (in terms of assets) …
Blowing the whistle on insurance fraud will be easier for Illinois companies and private citizens thanks to legislation sponsored by Senator Patrick O’Malley (R-Palos Park) and signed recently by Gov. George Ryan. “The National Association of Independent Insurers (NAII) commends …
For the second quarter of 2001, Bermuda-based ESG Re Limited reported a consolidated net loss of $5.9 million, or $0.50 per share. An underwriting profit of $1.2 million in the quarter together with investment income and gains from the sale …
Mexico City daily el Economista reported that the robbery of insured cars declined by 7.5 percent at the national level during the first seven months of 2001, compared to the same period in 2000. Car thefts declined to 24,107 between …
Sagent Technology Inc., a provider of business intelligence solutions, unveiled its fire protection classification application for property and casualty insurers. According to the company, the system, which utilizes Sagent’s geographic determination suite of tools, enables the insurers to immediately determine …
Anlon Systems, the leader in Learning Content Management Systems that directly impact financial performance, announced that Anlon 4.0, the latest version of the company’s industry-leading, enterprise-class Learning Content Management System (LCMS), has been selected as the foundation platform for eLearning …
According to the American Insurance Association (AIA), a policyholder’s attempt to transform a commercial property insurance policy’s condition of coverage language into a grant of coverage for defective workmanship could have far-reaching ramifications for construction defect litigation and pending Y2K …
Willis Group Holdings Limited and Lockton Companies Inc. announced that Willis of New York has won against Lockton Companies Inc., Gary Giulietti, Warren McGrath, Richard Leveroni and John Lumelleau in the Southern District of New York. Lockton will make a …
