According to Reuters, a number of U.S. insurers have gone forward in their legal duel with J.P. Morgan Chase & Co. Inc., claiming they do not have to pay up on $1.1 billion of surety bonds related to the fall …
According to A.M. Best Co., the unprecedented events of Sept. 11 have forever changed the way the insurance industry defines risk as both property and liability lines have been exposed to catastrophic risks that cannot be priced using traditional actuarial …
Visibillity Inc. announced that Employers Mutual Casualty Company, a property and casualty insurer with headquarters in Des Moines, Iowa, signed a three year contract valued at more than $1 million dollars for Visibillity’s collaborative litigation management solution to improve the …
According to the National Association of Independent Insurers (NAII), Ohio insurers are poised to actively participate in the 2002 Ohio Legislative session, during which insurance issues such as tort reform, credit and producer licensing are slated for consideration. In addition, …
France’s SCOR announced that a late surge in claims that emerged at the end of the year has led to a downward revision of its earnings estimate for 2001. The company stated that, “In view of the combined impact of …
In three separate, but related, actions A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of QBE Reinsurance Europe, QBE International Insurance Ltd. and another subsidiary, Iron Trades Ins. Co. Ltd. (ITIC). Best also removed the QBE companies …
Lloyd’s is on the verge of undertaking the most radical restructuring of its operating principles since the admission of corporate capital in 1994. Staggering from years of losses, falling market share, and finally the $2.7 billion in estimated net claims …
New Jersey’s Preserver Group, Inc. commenced its previously announced cash tender offer to purchase any and all of its shares of common stock at $7.75 per share, implementing the plan announced last month (See IJ Website Dec.19) to privatize the …
Lower Manhattan took another step towards reestablishing the business disrupted by the attacks on the World Trade Center with the announcement that the 300 employees of St. Paul Re will return from their exile in Morristown NJ to their offices …
A bill that would permit motorcyclists who are 18 and older to discard their helmets will do nothing but increase the number of motorcycle injury accidents and deaths in California, according to the Personal Insurance Federation of California (PIFC) in …
