A study of year 2000 insurance marketplace results by the Independent Insurance Agents of America (IIAA) finds that the agency system continues to grow market share in both commercial and personal lines, according to IIAA CEO Robert A. Rusbuldt. The …
President Bush’s focus on the continuing danger of another terrorist attack should remind Congress that America’s economic security continues to be at risk since no federal terrorism insurance backstop has been created, the American Insurance Association (AIA) said in reaction …
Chicago systems integration firm, Knightsbridge Solutions LLC, announced that Ron Barker, senior principal, has been named as the new leader for the insurance practice area. The insurance practice area provides data management consulting and systems integration services to some of …
The South Dakota Senate defeated legislation earlier this week that would have eliminated the household exclusion from automobile insurance policies and created a new mandated coverage. The household exclusion prevents individuals within the same household from suing each other as …
The London insurance market is awash in rumors that Lloyd’s may issue another cash call sometime next week in order to raise additional funds to help pay the estimated $2.7 billion in claims resulting from the attacks of Sept. 11. …
Standard & Poor’s took steps to equalize the ratings of French-based credit insurance group EULER and Germany’s Hermes Kreditversicherungs-AG (Hermes) following their announcement that they were close to finalizing the terms for combining their operations. S&P affirmed its ratings on …
Japan’s largest insurer, Tokio Marine & Fire Insurance Co. Ltd., has dropped plans to to merge its life insurance units with the country’s 6th largest life insurer, Asahi Mutual Life Insurance. Asahi, like many Japanese insurers and banks, suffers from …
Charles G. Wilker of Wexford, Pennsylvania, a 16-year insurance-fraud investigator and former State Police Trooper, has been named to serve on the board of directors of the state’s Insurance Fraud Prevention Authority (IFPA) by State Senate President Pro Tempore Robert …
Pennsylvania-based Harleysville Group Inc. announced that, despite a charge of approximately 6 cents per share primarily related to a guaranty fund and other assessments resulting from the liquidation of Reliance Insurance Company, it expects full-year 2001 diluted operating earnings of …
