Insurance Services Office, Inc. (ISO) and Seisint Inc. have announced a licensing agreement to provide insurers’ claims and special investigation units (SIUs), and subrogation personnel access to a wide range of public records and publicly-available data for in-depth searches on …
W.R. Berkley Corporation reported an operating loss for the fourth quarter ended Dec. 31, 2001 of $15 million, or 49 cents per share, compared with operating income of $14 million, or 52 cents per share, for the same period in …
Former Near North CEO Michael Segal was indicted on one count of insurance fraud by a federal grand jury, for purportedly filing bogus statements regarding the financial condition of his insurance brokerage to state regulators, according to Chicagobusiness.com. The indictment …
The Midland Company, a provider of specialty insurance products headquartered in Cincinnati, Ohio, has forged a deal with the U.S. subsidiary of London-based insurance brokerage firm, Bell & Clements Limited, to provide excess and surplus lines coverages throughout the U.S. …
A bill changing the way insurers are assessed payments to the state’s second injury fund passed the Michigan House Feb. 14. The American Insurance Association (AIA), a strong supporter of the measure, anticipates the bill will soon be on the …
The Netherlands-based Eureko consortium, apparently frustrated by the Polish government’s continued delays in implementing the agreement to sell a controlling interest in Poland’s largest insurer Powszechny Zaklad Ubezpieczen (PZU) (See IJ Website Feb.7), has formally requested that the matter be …
The World Insurance Forum, which begins in Bermuda tomorrow, will hear a keynote address from American International Group’s Sr. Vice-Chairman Thomas R. Tizzio on Wednesday Feb. 20, rather than AIG’s legendary CEO Maurice “Hank” Greenberg, who had been scheduled to …
Standard & Poor’s announced that it has completed its review of Swiss-based Zurich Financial Services, undertaken after the Sept. 11 attacks, and has lowered its counterparty credit and insurer financial strength ratings on the group’s principal operating entities to double-‘A’-minus …
While remaining optimistic that a solution to Pennsylvania’s medical malpractice insurance crisis would eventually be found, Governor Mark Schweiker admitted that after the failure of legislators to reach an agreement (See IJ Website Feb.14), it might take longer than expected. …
Settlement negotiations have been successfully concluded between Silverstein Properties, the master leaseholder on the destroyed World Trade Center, and ACE Bermuda Insurance Ltd. and XL Insurance (Bermuda) Ltd, operating units of the island’s two biggest insurance companies who wrote the …
