Minnesota’s trucking firms have been hit hard with insurance rate increases according to results of a joint survey conducted by the Minnesota Trucking Association (MTA) and the American Trucking Associations (ATA). According to PR Newswire, the survey indicates that primary, …
Bermuda’s ACE Limited announced that its shareholders have approved a proposal increasing the number of authorized Ordinary Shares by 200 million, bringing their total to 500 million. The approval was given at an Extraordinary General Meeting held January 22. The …
A.M. Best has assigned an initial financial strength rating of A- (Excellent) to Endurance Specialty Insurance Ltd. the Bermuda-based insurance company recently formed by Aon and Zurich Financial Services following the Sept. 11 attacks. Best noted that Endurance has an …
France’s AXA Group plans to expand the sales of its insurance products in Germany through the country’s Tchibo coffee chain in a move aimed at countering the sales efforts of its three biggest rivals in Germany, who’ve recently increased their …
GMAC Insurance Holdings, Inc., the Insurance division of General Motors Acceptance Corp., announced that it has completed the acquisition of ABA Seguros, S.A., one of Mexico’s largest property/casualty and auto insurers, from Abaco Grupo Financiero, S.A. de C.V. ABA Seguros …
The New Hampshire Supreme Court’s January 11 decision has effectively overturned a decision made in 1999, that allowed an injured employee to collect both workers compensation benefits and sue for damages under the State’s uninsured motorist statutes. The insurance industry, …
The Utah Insurance Department is proposing to change its privacy regulation so that a third party involved in an insurance claim will be classified as a consumer rather than a customer of the insurer. “Without this change, the third party …
Commercial building owners in San Diego can expect their insurance policies to double when it comes time to renew, according to TheSanDiegoChannel.com. The insurance industry took a significant financial loss after the Sept. 11 attacks, losing about 20 percent of …
Insurance Skills Center has developed a pair of workshops that address the insurance implications of toxic mold claims and Montrose issues to be offered in several California locations. The four-hour “Mold & Insurance” class examines coverage for such claims under …
Assure Network, a professional services referral firm offering operational, administrative, finance, accounting and systems services, has been established for insurance organizations in both the U.S. and Canada. Affiliated with Oblazny & Associates, an executive search firm specializing in insurance positions, …
