The St. Paul Companies announced that Michael Connly has been named Chief Information Officer. In his new post, Connly will be responsible for enterprise technology, applications development, operations, information security, and planning for Information Systems. The appointment is effective immediately. …
Federal agriculture officials are looking at the possibility of a national insurance program to permit ranchers to insure both pasture and rangeland against losses resulting from drought and other disasters, according to the Associated Press. Currently, a pilot program in …
Following the initial portion of a review of the market, U.S. regulators have given Lloyd’s of London approval on the company’s estimate of $8 billion for gross claims in the Sept. 11 destruction of the World Trade Center, according to …
In the closing days of the Legislative session, Iowa lawmakers passed two bills that will cut the premium tax for property/casualty insurers and rectify a court decision that adversely impacted workers’ compensation insurers. Gov. Tom Vilsack has called the legislature …
The Missouri House rejected amendments pushed by Gov. Bob Holden April 15 that would have seriously impaired insurers’ use of credit-based insurance scores. The House is expected to take a final vote later this week on the committee substitute for …
A.M. Best announced that it has downgraded the financial strength rating to C (Weak) from B+ (Very Good) of the Bermuda-based I.P.C. Group, and removed the ratings from under review. Group operations affected include: “Mutual Indemnity (Barbados) Ltd., Mutual Indemnity …
Winterthur Insurance, a wholly owned subsidiary of Credit Suisse First Boston, will join the Internet-based trading platform inreon for purchasing reinsurance contracts, and, according to an inreon bulletin, has already placed its first risks through the exchange. It is the …
The Professional Insurance Agents of New Jersey Inc. announced that vice president, John D’Agostino, will represent the association on the New Jersey Department of Banking and Insurance’s (DOBI) working group on auto insurance reform. DOBI Commissioner Holly C. Bakke established …
New York’s Superintendent of Insurance, Gregory V. Serio, announced that he has named Peter J. Molinaro as Senior Deputy Superintendent of Insurance and Louis W. Pietroluongo as First Deputy Superintendent of the Insurance Department. Molinaro will be the Chief Policy …
According to a report from A.M. Best the Highlands Insurance Group, based in Lawrenceville, New Jersey, “is considering filing a petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code because of bank debt due at the end of …
