American International Group, Inc. (AIG) Chairman M. R. Greenberg will speak at the Salomon Smith Barney Financial Services 2002 Conference on Tuesday, Jan. 29 at 9:00 a.m. EST. A live audio webcast of Greenberg’s presentation can be accessed at http://www.veracast.com/ssb/2002/financial-services/32102173.cfm. …
CNA Financial Corporation announced that it expects a 2001 fourth-quarter net loss between $20 million and $35 million, compared with net income of $193 million for the same quarter in 2000. Included in the 2001 fourth quarter net loss are …
Chicago-based insurance broker Acordia Inc. has announced the installation of a real-time link with AIG using CoverageConnect web-based insurance diagnostic, quoting and binding application software. Acordia has been working with CoverageConnect, a multi-carrier commercial lines quoting platform, for over a …
Kansas Insurance Commissioner Kathleen Sebelius has asked the state Senate Financial Institution and Insurance Committee for the introduction of three bills, which are mostly technical in nature. According to a Department of Insurance newsletter, the first bill, regarding Risk-Based Capital, …
Fortune magazine has named Sweden’s Skandia as one of the one of the ten “greatest workplaces” in Europe, following a survey of journalists, securities analysts, business school professors, consultants and university students. Fortune has been publishing yearly lists of America’s …
South Korea’s Hyundai Fire & Marine Insurance is offering a policy to the country’s restaurants, hotels, and other commercial businesses designed to cover damages caused by “hooligans” during Soccer’s World Cup Competition, which begins at the end of May. The …
The Canadian subsidiaries of Holland’s ING Group and Anglo-Swiss Zurich Financial Services have received the final regulatory approvals required to establish their strategic alliance. Under the terms, first announced November 22, ING will acquire Zurich’s Canadian personal property and casualty …
Tort reforms affecting Pennsylvania medical malpractice recoveries will apparently be receiving top priority from some of the State’s legislators, as they seek solutions to the current crisis in physicians’ and health care workers’ malpractice coverage. (See IJ Website Jan. 22,11, …
Washington’s Department of Labor and Industries (L&I) ordered a former Yakima resident to pay back more than $209,000 for allegedly collecting workers’ compensation benefits illegally. Jesus Nunez Vargas, a current resident of Mexico, was ordered to repay $139,625 in benefits …
SAFECO appointed Christine Mead, a financial executive with a broad background in insurance and public accounting, as its new CFO. “Christine brings a wealth of success, experience and expertise to our company,” said Mike McGavick, SAFECO president and chief executive …
