The Organized Auto Fraud Interdiction Task Force announced Oct. 25 the execution of search warrants on nine locations and the arrests of five individuals allegedly involved in a large-scale auto insurance fraud ring. The task force is comprised of investigators …
Rebuilding an automobile from the ground up using car company crash parts costs more than four times the car’s original retail price, according to a study commissioned by the Alliance of American Insurers. Even without the cost of paint and …
Consumers of outdoor adventure programs have no clear way of evaluating the safety of these programs for themselves or their children, according to a survey of nearly 300 CEOs and risk managers of outdoor adventure programs released by The St. …
Richard W. Davis, was presented the Independent Insurance Agents of America’s (IIAA) highest individual honor — the Woodworth Memorial Award — during the opening session of the Association’s Hawaii InfoXchange. The Woodworth Memorial Award is conferred by IIAA upon an …
The National Association of Mutual Insurance Companies (NAMIC) Board of Directors voted Oct. 24 to endorse an offshore property catastrophe facility that will be available exclusively to member companies. Renaissance Reinsurance Ltd. located in Hamilton, Bermuda, will accept property catastrophe …
AMS Services, Inc, a leading provider of insurance software and services, announced the discontinuance of TowerStreet, a hosted point of sale system for insurance processing. The company stated that several indicators within the agency and exchange/integrator markets led to the …
Chicago-based CNA Surety Corporation reported net income for the third quarter of $12.0 million, or 28 cents per share, compared to $13.3 million, or 31 cents per share, for the comparable quarter in 2000. Operating earnings for the third quarter, …
XL Capital Ltd reaffirmed its previously announced plan to acquire a 67 percent controlling interest in France’s Le Mans Re from its partner Les Mutuelles du Mans Assurances Group (MMA), and announced that the two would increase its share capital …
The latest in Swiss Re’s authoritative sigma studies examines the profitability of the non-life insurance market in the G7* countries and concludes that the industry needs to concentrate on improving underwriting results by getting “back-to-basics.” The study also focuses on …
Five months after an initial public stock offering, the controlling shareholders of international insurance broker Willis Group Holdings, led by management buyout firm Kohlberg Kravis Roberts & Co., have filed a registration statement with the SEC for a secondary public …
