Louise C. Canter, senior vice president and partner of Patterson//Smith Associates, was elected as vice president of the Independent Insurance Agents of America. In IIAA’s 105-year history, Canter is the first woman voted to its top leadership panel. Canter has …
Ohio-based Nationwide announced it has settled its federal trademark infringement suit against two Florida insurance companies, Nationwide Insurance Group Inc. and The Nationwide Companies. The suit, filed with the Federal District Court in Columbus in August, demanded that the Florida …
The Workers’ Compensation Reinsurance Association (WCRA) announced it is reducing the reinsurance rates it charges to self-insured Minnesota employers and insurance companies by an average of 12 percent. The rate reductions have been adopted by the WCRA Board of Directors …
Standard & Poor’s announced that it has assigned its double-‘A’-minus insurer financial strength and counterparty credit ratings to newly created Dublin-based reinsurer Irish Reinsurance Partners Ltd. (IRP) with a negative outlook. The ratings reflect IRP’s status as a core entity …
Germany’s Allianz AG, the world’s largest insurer, measured by gross premiums written, will launch a revamped division, Allianz Global Risks (AGR), on January 1, 2002, in an effort to improve its performance in the global industrial insurance sector. A reporter …
A.M. Best Co. has assigned an indicative financial strength rating of A- (Excellent) to Danish Re Bermuda Ltd., “a global reinsurer which underwrites at Lloyd’s as an Integrated Lloyd’s Vehicle and through its fully licensed Bermudan risk carrier.” It gave …
A recent independent survey of 859 adults sponsored by The Hartford Financial Services Group found that many households don’t keep important papers, like insurance policies, in a secure enough place, thus risking their loss in case of fire, flood or …
The New York State Insurance Department has published its annual ranking of consumer complaints to the Department involving the insurance companies who write automobile coverage in the State. Each year, the NYSID handles thousands of automobile insurance complaints. The complaint …
Yates & Associates, a California wholesale brokerage, continued its holiday tradition this year with a festive holiday event open house on Dec. 7, at its Santa Ana headquarters. Many of the markets with whom Yates does business attended the event, …
A flurry of year end transactions is changing the face of the French insurance market. The MMA-MAAF Group has reportedly agreed to acquire the French units of Swiss based Winterthur Group. CGU Courtage, the commercial brokerage unit in France of …
