Rolf Hüppi to Leave Zurich
After almost 40 years with the Zurich Group, the last 11 as President and CEO, Rolf Hüppi announced on Friday that not only will he resign as CEO, as announced last February, but will also give up his position as …
Coverage on Milan Tower Unclear
Although most reports agree that Generali SpA, Italy’s largest insurer, wrote the primary coverage on the 30-story Milan building, know locally as Il Pierllone after the tire company that was once headquartered there, it’s still unsure what the damages will …
Philadelphia Consolidated Posts 38% Q1 Net Income Gain to $10.7 Million
Philadelphia Consolidated Holding Corp. of Bala Cynwyd Pa. reported that its net income for the first quarter ended March 31, 2002 increased 38.4% to $10.7 million from $7.7 million for the same period in 2001. It also reported that net …
Albert Beer Receives PIANY’s Executive of the Year Award
The Professional Insurance Agents of New York named Albert J. Beer, president of strategic business units for American Re Corp.as its “Executive of the Year.” The award was presented at the Association’s Long Island Regional Awareness Program Thursday, April 18. …
CDI Notes Improvements to Producer Licensing Bureau System
The California Department of Insurance (CDI) has released an improved Interactive Voice Response System (IVR) for its Producer Licensing Bureau, in response to concerns expressed by agents, brokers, and members of the public. The CDI initiated a project last year …
Canter, Grau Elected to IIABA Officer Posts
The Independent Insurance Agents & Brokers of America’s (IIABA) National Board of State Directors confirmed Louise C. “Bebe” Canter as the association’s president-elect and elected Thomas A. Grau, as vice president. The Board nominated Canter and Grau, members of IIABA’s …
The Hartford’s CEO Tells Shareholders He Is Optimistic of Future
The events of 2001 tested the company’s resilience, but through it all The Hartford’s operating income rose and the company is bullish about the future, Ramani Ayer, Chairman and CEO of The Hartford Financial Services Group, Inc., remarked at the …
Study Finds Companies Need to Prepare More for Property-Related Hazards
A study focusing on Fortune 1,000 chief financial officers (CFOs), treasurers and risk managers covering a broad range of industries reports more than 50 percent say their companies are not well-prepared to come back from a “major disruption to their …
P/C Industry Suffered First-Ever Net Loss in 2001
The events of Sept. 11 and declines in interest rates and the stock market all contributed to make 2001 the worst year ever for the property/casualty industry, according to just released numbers from Insurance Services Office Inc. (ISO) and the …
Ill. Bill Establishing No-Call Lists Exempts Insurers
A bill that unanimously passed an Illinois House panel April 16 permits establishment of “no-call” lists, but enables insurance companies to continue to use marketing strategies that best suit their needs, according to the Alliance of American Insurers. SB 1830, …
