When agents and brokers think about expanding their book of business, agribusiness risks might not be the first thing that comes to mind. But it should. Agribusiness is more than insuring farms and ranches — it offers opportunities to insure …
IAnet, the nationwide network of independent adjusters, appraisers, and insurance claims professionals, is bringing property & casualty (P&C) insurance companies electronic access to its 1,500-member network as the result of a new partnership with Scene Genesis. By utilizing IAnet, insurers …
Chicago-based Aon Corporation warned earlier this week that quarterly earnings would be trimmed by losses from its limited partnership investments, but said it had sold off that portfolio in a complex deal to halt future losses and stabilize earnings. According …
Warren Heck, chairman and CEO of the Greater New York Mutual Insurance Company will explain to the NAIC’s Reinsurance Task Force the more general economic problems that accompany the post-9/11 reinsurance market. Heck represents the National Association of Mutual Insurance …
Missouri Department of Insurance Director Scott B. Lakin named eight insurance company executives and agents to the state agency’s first Industry Advisory Council. Lakin said although insurance industry lobbyists and representatives abound in the Missouri capital of Jefferson City, he …
Advocates for Highway and Auto Safety (Advocates) is urging the Transportation and Interstate Cooperation Committee to favorably report SB8, which permits a local authority to make the determination of whether to use automated traffic law enforcement systems. According to the …
Standard & Poor’s has affirmed its double-‘A’-minus counterparty credit and insurer financial strength ratings on Bermuda-based insurer The Standard Steamship Owners’ P&I Association (Bermuda) Ltd., commonly designated “SB” or “the club,” with a stable outlook. It also affirmed double-‘A’-minus insurer …
Munich Re and Allianz AG have completed the sales of their respective investments in several subsidiary insurance and financial groups first announced last April. Munich Re stated that, “it now holds 25.7% of the share capital and 26.3% of the …
The Netherlands AEGON N.V. has agreed to sell its minority partnership interests in two Mexican companies to Citigroup’s Mexican subsidiary Grupo Financiero Banamex for $1.24 billion. The sale of its stakes in life insurance business Seguros Banamex AEGON, and Afore …
An article in the Friday edition of the New York Times raises troubling questions about the insurance coverage on the contractors and their employees, who’ve been working around the clock cleaning up the debris at ground zero – simply put, …
