Both small and large workers’ compensation insurers are experiencing unsettling challenges to their business thanks to the lack of reinsurance coverage in the wake of the Sept. 11 terrorist attacks according to the National Association of Independent Insurers (NAII). The …
Ohio Department of Insurance Director Lee Covington revoked the insurance license of George J. Fiorini II of Cincinnati and the Fiorini Agency. Covington took the action after finding that Fiorini had allegedly committed several violations of Ohio insurance law, including …
The Nebraska Department of Insurance Director Tim Wagner announced that the department plans to disapprove personal lines exclusions for losses arising from terrorism, including exclusions for so-called nuclear and bio-terrorism. He said that while some states appear to be taking …
Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the operating entities of Scandinavia’s If P&C Group to single-‘A’-minus from single-‘A’, with a stable outlook. The group includes Sweden-based If Property …
Global insurance broker Willis Group Holdings Limited reported record revenue and operating earnings growth for both the fourth quarter and year ended December 31, 2001. “Operating cash earnings for the fourth quarter, or net income excluding goodwill amortization, a non-cash …
Bermuda’s two largest insurers, ACE and XL, both announced disappointing fourth quarter results, with ACE’s net income down around 60 percent to $46.265 million for the period, and XL recording a net loss of $6.1 million. Both companies also announced …
OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd., announced that Carl Sullo has joined the company as Senior Vice President of Human Resources and Administration. He’ll report to OneBeacon Chairman and CEO Ray Barrette, and …
Preserver Group, Inc. announced that it will extend the expiration date of its cash tender offer for all of its shares of common stock which was set to expire on February 14 to 5:00 p.m. New York City time on …
Seattle-based SAFECO has made doing business easier for its independent agents with the unveiling of a newly redesigned agent Web site called safecoplaza.com. The site delivers faster access to everything from claims status to customer profiles to online training programs. …
As strong winds fuel intense flames, many San Diego area homes remain threatened by a fast moving brushfire that hit about 60 miles north of San Diego Feb. 10. Dozens of homes have been damaged or destroyed, with only five …
