According to the San Diego Union-Tribune, two years ago, legislators passed a reform measure to reduce insurance fraud by enforcing stiffer penalties for doctors and lawyers found engaging in such criminal acts. Legislators also wanted to include chiropractors in the …
AMS Services and PRIORITY Data Systems have announced an integration between PRIORITY’s windows-based rating programs (PriorityRate Auto and Home) and AMS Services’ AfW and Sagitta management systems. The integration will be two-way for personal auto and homeowners lines of business, …
CNA Surety Corporation reported that net income for the fourth quarter of 2001 decreased to $0.6 million, or $0.01 per share, from $12.0 million, or $0.28 per share, for the same period in 2000. Operating earnings, after income taxes, decreased …
According to Reuters, Travelers Property Casualty Corp., the car, home and business insurance unit of Citigroup Inc. has filed details of its initial public offering, thought to be the largest ever in the U.S. insurance sector. The Connecticut-based insurer is …
Citing higher-than-normal fire losses, ongoing challenges in its manufactured housing sector, and higher non-catastrophe weather related losses, Cincinnati-based specialty insurance products and services provider, The Midland Company, reported lower operating income for the fourth quarter and year ended Dec. 31, …
An insurance availability task force appointed by Nebraska Insurance Director L. Tim Wagner should help improve the market for Nebraska consumers, according to the National Association of Independent Insurers (NAII). NAII Counsel Ann Weber commended Wagner for creating the task …
According to reports in the Polish newspaper Rzeczpospolita the Anglo-Swiss Group Zurich Financial Services plans to withdraw from both the Polish life and property/casualty market. The article suggest that the plans are well advanced and indicates that both Italy’s Generali …
Toro, the insurance division of Italy’s Fiat, has withdrawn its offer to acquire a 22 percent stake in Fondiaria, the Italian insurance group which has been the subject of a takeover battle between Toro and another insurer, SAI. The move …
Bermuda’s PartnerRe Ltd. reported results for the fourth quarter and full year which reflected the tumult felt by many insurers in 2001. While net premiums written rose 30 percent to $1.825 billion, the company posted an operating loss to common …
James A.Tignanelli will take over as head of Prudential New Jersey’s property/ casualty business, following his appointment as president of The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC NJ). “Tignanelli has been with Prudential for 24 years …
