It’s the twelfth round, and the technology industry has been badly battered—but it’s still in the ring and on its feet. Participants in the new economy that have held on thus far are forging ahead, priorities in place, in the …
Noting rising costs and a trend toward insolvencies, the Workers’ Compensation Insurance Rating Bureau’s governing committee voted to suggest an 8.5-percent gain in the average pure premium rate as part of its annual rate recommendation in California. The San Francisco-based …
SAFECO’s Board of Directors elected Joseph W. “Jay” Brown as a director. Brown, chairman and chief executive officer of MBIA Inc., and of its main operating unit MBIA Insurance Corp., will join the SAFECO board in November. Brown has worked …
Hilb, Rogal and Hamilton Co. announced it has completed the acquisitions of substantially all of the assets of Aris Insurance Services of Calabasas, Calif., and Brooks & Willmes Insurance Brokers Inc. of San Jose, Calif. Terms of the transactions were …
InsuranceNoodle, a distributor of small business insurance through independent insurance agencies, has been selected by the Chubb Group of Insurance Companies to distribute Innovator from Chubb(sm), an insurance product with coverages developed specifically for emerging information technology companies. The Innovator …
The Risk and Insurance Management Society Inc. (RIMS) announced its opposition to the proposed Reinsurance Tax Equity Act of 2001 (HR 1755). The decision to oppose the legislation was based on concerns that it could adversely affect the reinsurance marketplace …
The American Insurance Association (AIA) has joined the National Coalition on Ergonomics in submitting comments to the Occupational Safety and Health Administration (OSHA), urging the federal agency to base examination of ergonomic injuries in the workplace on sound scientific evidence. …
Ohio Department of Insurance Director Lee Covington signed an order revoking the insurance license of Albert J. Henry of Milford (Clermont County), effective immediately. According to the Consent Order, Henry will immediately cease from engaging in the insurance industry and …
Hamilton, Bermuda-based ACE Limited announced that John A. Krol was appointed to its Board of Directors, effective immediately. Krol is the former chairman and CEO of E.I. du Pont de Nemours & Company. Krol has worked at du Pont in …
The New York Insurance Department is taking a major step to help reduce insurance fraud by adopting a regulation requiring speedier processing of injury claims after an auto accident, according to the NAII. According to Joseph Termini, NAII counsel, the …
