Near North CEO Michael Segal has requested a quick trial on the one count of insurance fraud he faces, in the wake of reports that prosecutors intend to bring more complex charges against him, according to the Chicago Tribune. Returned …
The American Insurance Association (AIA) will urge state insurance legislators to encourage states to allow options for insurers that use aftermarket crash parts and to make strides toward civil justice reform during this weekend’s National Conference of Insurance Legislators (NCOIL) …
Financial Risk Specialists Inc. of Indianapolis, Ind., has introduced DIREC, a new disaster recovery insurance product for debris removal. DIREC provides municipalities, cities, states and, in some cases corporations, insurance coverage for debris removal in areas declared by the Federal …
Bermuda’s RenaissanceRe Holdings Ltd. announced that the Company has filed a shelf registration with the Securities and Exchange Commission for the proposed offering of up to $500 million of securities. “Under this shelf registration statement, the Company will have the …
A report commissioned by the European Financial Services Round Table (EFR) has concluded that “the completion of the single market for financial services in Europe would create substantial benefits for consumers across Europe and also for economic growth.” The EFR …
Swiss Re reported that its property/casualty and financial services renewals in January 2002 “saw significant improvements in rates as well as terms and conditions across all lines of business.” The company noted that “Overall the average increase in rates achieved …
Despite calls for more overall planning of the WTC site, Larry Silverstein is pushing ahead with plans to start construction to rebuild No.7 World Trade Center, which collapsed several hours after the twin towers on Sept. 11. The building, which …
Donegal Group Inc. of Marietta Pa. reported an operating loss for the fourth quarter of 2001 of $572,172, or $.06 per share on a diluted basis, and operating income of $6,399,099, or $.70 per share on a diluted basis, for …
Imagine positioning your agency as the exclusive provider of all personal lines, to all the employees of your commercial accounts. How the heck do I do that, you ask? By leveraging the consumer desire for convenience into opportunity for your …
It is not as long as we would have liked, but our goal is to get the message out there.” That, according to Larry Boyd, senior insurance compliance officer for the California Department of Insurance (CDI), is the goal of …
