The members of the International Insurance Council (IIC) at a meeting in Washington supported a resolution to dissolve the organization. In a joint statement IIC Chairman Joe Hamilton of Liberty International and IIC President and CEO Kevin T. Cronin, stated …
The ongoing stock market chaos and depressed share prices have led the St. Paul Companies to announce a delay in the launch of the initial public offering of shares in Platinum Underwriters Holdings, Ltd., the Bermuda-based company set up to …
Brian Duperreault, Chairman and CEO of Bermuda-based ACE Limited, announced that he, and the company’s CFO Phil Bancroft, would voluntarily comply with new SEC Rules, which mandate that company officials certify their balance sheets, even though ACE is not technically …
The campaign of Gary Mendoza, Republican Nominee for California Insurance Commissioner, released a poll July 9 that shows the GOP candidate gaining ground on Democrat John Garamendi. The poll of 600 California voters by Public Opinion Strategies was conducted from …
Insurers are looking at a price tag of $79.3 million as a result of destruction caused by four key wildfires that have done away with nearly 300 homes in Colorado this season, according to the Associated Press. The Rocky Mountain …
California-based QualCorp Inc. has signed a three-year contract with Al Risk Specialists. QualCorp Inc. will provide 50 state policy issuance capabilities for up to 34 of Al Risk Specialists’ specialty and commercial lines programs. QualCorp Inc. will be linking to …
Irvine, Calif.-based Balboa Insurance Group announced the appointment of Howard Wexler as executive vice president, secretary & general counsel. Wexler will be responsible for overseeing the legal and compliance areas for Balboa and its subsidiaries. He previously served with several …
Cascade/Amstar has available a program for miscellaneous E&O including service and technical professional liability. Available are many custom forms designed specifically for particular businesses. E&O form with GL-Claims Made/Occurrence is available. Service and technical professional application and policy specifically designed …
The Alliance of American Insurers urged New York’s Governor George Pataki to sign Bill S7810/A6936A which would enact legislation regulating structured settlements, as a necessary measure to protect consumers. The new law would require factoring companies (the companies that offer …
A petition has been filed with the Office of Administrative Hearings to stop the Minnesota Department of Commerce from seeking to enforce an unadopted rule in violation of state law, according to several insurance groups. The National Association of Independent …
