Illinois-based Horace Mann Educators Corp. will continue to provide professional liability insurance for the National Education Association (NEA), the nation’s largest professional employee organization, representing 2.6 million teachers and other educators. The contract extension is for five years. The liability …
Minnesota Commerce Commissioner Jim Bernstein has charged American Bankers Insurance Company (ABIC) and American Bankers Life Assurance Company (ABLAC), both of Florida and both subsidiaries of American Bankers Insurance Group (ABIG) of Florida, with willfully violating Minnesota insurance law. The …
Poland’s recently installed government has reportedly thrown up a new barrier for the Eureko consortium to pass in its quest for control of the country’s largest insurer Powszechny Zaklad Ubezpieczen (PZU). Eureko, a group of affiliated European insurers, based in …
Standard & Poor’s announced that it has affirmed its single-‘A’-minus counterparty credit and insurer financial strength ratings on U.K.-based BRIT Insurance Ltd. with a stable outlook. S&P indicated that it had based its rating analysis on “BRIT’s very strong capital …
Bermuda’s XL Capital Ltd has announced several management changes. Willi Suter, President and CEO of XL Winterthur International, XL’s large account risk management insurance operation, will assume a new position leading an international strategic development initiative. Clive Tobin has been …
W. R. Berkley Corporation of Greenwich, Conn. has named Tom N. Kellogg as the chairman of its subsidiary, Signet Star Holdings, Inc., the parent company of Berkley Insurance Company, the group’s lead reinsurance division. Kellogg will also head a newly …
Philadelphia-based PMA Capital Corporation announced that its net after-tax operating income in the fourth quarter was $5.8 million, or $0.25 per diluted share, compared with $7.0 million, or $0.32 per diluted share, for the same period in 2000. The company’s …
Three bills designed to help clarify and simplify the auto insurance process in Colorado, including one that would reduce the number of required options in the no-fault law, have passed the House. National Association of Independent Insurers (NAII) Northwest Regional …
California legislators ushered in a measure to raise workers’ compensation benefits for injured workers through both houses Feb. 4. The bill now awaits signature by Gov. Gray Davis according to the American Insurance Association (AIA). The bill, AB 749, sponsored …
According to the Sacramento Bee, after an investigation that ran more than 18 months, former California Insurance Commissioner Chuck Quackenbush and his former chief deputy, William Palmer, will not be charged with a crime. Federal, state and Sacramento County prosecutors …
