ACE USA Professional Risk has formed a strategic alliance with E-Risk Services, LLC, a Managing General Agent. Under the terms of the agreement, ACE USA Professional Risk will utilize E-Risk Services to market, underwrite and service its private company directors’ …
Owners and managers of insurance agencies can now get an immediate estimate of an agency’s value with Marsh.Berry’s new web-based product — Value Estimator. This on-line product provides the financial models, information and instruction that guide an owner or manager …
IInsurance Services Office, Inc. (ISO) has introduced the ISO Capital Assets Program – a manufacturers output type policy – that enables insurers to provide large and medium commercial accounts superior coverage and pricing flexibility for buildings and business personal property. …
A legislative scorecard is once again available on NAMIC Online, the web site of the National Association of Mutual Insurance Companies (NAMIC). NAMIC’s 2002 Legislative Scorecard will track and provide timely chronological updates on all legislation pertaining to the core …
The National Association of Insurance Commissioners (NAIC) announced that the dates for its Fall National Meeting in New Orleans, La., have been changed to Sept. 9-12, 2002. The meeting will continue to be held at the New Orleans Hilton. After …
The Missouri Department of Insurance (MDI) announced that Gov. Bob Holden is calling for greater consumer protection against using credit histories to deny insurance coverage or raise rates. In a package delivered to the state General Assembly, Holden called the …
A bill that would create an insurance fraud unit dedicated to investigating and preventing insurance fraud has been introduced in the Indiana Legislature. Under HB 1374, which was introduced by state Rep. Mike Smith, a Republican, the fraud unit would …
XL Capital Ltd announced that its fourth quarter results will include charges for increased prior period casualty reinsurance loss reserves and several large loss events, mainly its exposure to Enron’s bankruptcy, the fatal crash of American Airlines Flight 587 and …
Policyholders, including representatives of some 6000 pension funds, overwhelmingly approved a proposal by the U.K.’s beleaguered Equitable Life to accept a compromise cap on Guaranteed Annuity Rate policies that have been threatening to bankrupt the company for almost two years. …
Bermuda-based Max Re Capital Ltd. reported net income for the three months ended December 31, 2001 of $10.1 million, or $0.26 per share, compared with net income of $3.8 million, or $0.14 per share for the same period last year, …
