New IBA West Officers and Regional Directors stepped forward to guide the association in the next year during the 2002 Installation of Officers and Annual Meeting held at the Hyatt Regency in Los Angeles. “With industry complications stemming from last …
The National Association of Mutual Insurance Companies (NAMIC) recently released a statement asserting that despite concerns of over accuracy and appropriateness of information, the National Association of Insurance Commissioners (NAIC) has launched a new web site. In December, NAMIC asked …
Zurich North America is introducing a new tool to better evaluate business interruption exposures and calculate coverage needs, the company announced today. Going forward, Zurich will use the tool, known as the Business Interruption Coverage Calculator, as part of its …
On Jan. 23, The St. Paul Companies announced a 2001 fourth-quarter after-tax operating loss of $646.7 million, or $3.14 per diluted share, reflecting previously disclosed charges and other actions related to its decision to exit or restructure certain businesses. In …
A bill supported by some Missouri insurance agents that puts certain restrictions on how insurance companies use credit-based insurance scores has been introduced in the House. National Association of Independent Insurers (NAII) Counsel Ann Weber said NAII has been working …
Standard & Poor’s has affirmed its long-term double-‘A’ counterparty credit and insurer financial strength ratings on Switzerland-based reinsurance company Trans Re Zurich (TRZ) with a stable outlook. “The ratings on TRZ reflect the company’s core status as part of the …
Lloyd’s of London has appointed Jeremy Pinchin as Special Counsel to coordinate claims connected with the Sept. 11 terrorist attacks. The position was created specifically to handle Sept. 11 claims. ” Mr. Pinchin will work with the market and individual …
Bermuda’s RenaissanceRe continued its steady earnings growth, despite the Sept. 11 attacks, as it posted “a 29% increase in net operating income available to common shareholders for the fourth quarter of 2001, excluding realized investment gains and losses, to $46.6 …
The Port Authority of New York and New Jersey reported $2.7 billion in gross operating revenues for 2001, slightly more than last year, despite a 300 percent increase in its insurance premiums from around $4 million to $16 million. Increased …
Six weeks after arresting 112 persons on various charges of insurance fraud, (See IJ Website Dec. 6) New York’s Auto Insurance Fraud Unit has struck again with the arrest of 20 persons accused of being part of another ring in …
