Claims Direct, the U.K. company which provides insurance settlement services, reported that it expects a loss of £22 million ($31.3 million) for its fiscal year ending March 31. The company, which had a great deal of early success, fell on …
The European Commission has approved the complex series of deals between Zurich Financial Services and Germany’s Deutsche Bank first announced last September. Under the terms of their agreement Zurich will acquire a 75.9 percent stake in DB’s insurance arm Deutscher …
A report by Moody’s Investors Service discusses the long term effects of the dwindling number of Lloyd’s syndicates, and concludes that, although the trend marks a decline in Lloyd’s market share, it will have only a limited impact on the …
W. R. Berkley Corporation announced that during the first quarter of 2002 it contributed an additional $50 million of capital to Berkley Insurance Company, the lead insurance company of the Berkley Group. “This capital contribution is in addition to $44 …
The Professional Insurance Agents of New Jersey announced that it supports the The Department of Banking and Insurance proposal to amend physical damage inspection regulations by giving insurance companies the option not to require policyholders to provide photographs of their …
Ricky Lee George, 47, a resident of Selma, Calif., was sentenced to three years in state prison for his conviction of one count of workers’ compensation insurance fraud. The charges were the result of an investigation by the California Department …
California-based QualCorp, Inc. of Valencia has announced that First American Insurance Co. of Stamford, Conn. has signed a two-year agreement with QualCorp, Inc. In a move to automate their directors & officers and errors & omissions business, executives at First …
A new Web site promoting the upcoming user conference for the National Association of S.I.S. Partner Agents (NASPA) was recently unveiled. The site, www.pride-in-partnerships.com, details the educational agenda of the national conference to be held April 28-30 at the Columbus …
American Re-Insurance Company announced the appointment of a new senior management team to direct the five Strategic Business Units of its U.S. property casualty underwriting operations, as well as the appointment of chief underwriting and chief marketing officers. Dominic J. …
Fitch Ratings has assigned new ratings to various entities of CNA Financial Corporation (CNA), including a ‘A’ insurer financial strength ratings for members of The Continental Insurance Company Pool (CIC) and a ‘BBB’ senior debt rating for The Continental Corporation …
