The Alliance of American Insurers called last week’s appointment of U.S. Senate conferees for the terrorism insurance bill a great stride toward ultimate passage of the legislation. “We’re very encouraged that the Senate conferees have been appointed,” David Farmer, Alliance …
Success in managing terror risk will come only through unprecedented collatoration between the public and private sectors, and the insurance and reinsurance industries must play a leading role as the tools to assess, quantify and manage this risk are within …
Americans face a new threat to their health care in the form of a medical malpractice litigation crisis that if left unchecked will make quality health care harder to find, Robert A. Rusbuldt, CEO of the Independent Insurance Agents & …
Several officers, directors and past presidents of the Los Angeles Chapter of CPCU recently attended a Leadership Summit in Las Vegas sponsored by the National Society of CPCU. The Summit included the Society’s National Leadership Institute which provided specialized leadership …
Florida Treasurer and Insurance Commissioner Tom Gallagher will run unopposed this fall in his bid for the state’s CFO position, after Attorney General Bob Butterworth, his expected opponent, decided to run instead for an open state Senate seat. According to …
Atlanta-based Crawford & Company released financial results for the second quarter of 2002, including $178 million in revenues before reimbursements compared to $186.5 million in the second quarter of 2001. Operating earnings in the second quarter totaled $8.8 million compared …
Louisiana Governor Mike Foster hired an advisor to assist him and the Louisiana Insurance Rating Commission (LIRC) in their consideration of rate hike requests from insurers and consumer concerns. The Times-Picayune reports that Foster expects more efforts by insurance companies …
Chicago-based Unitrin Inc. reported net income from operations was $7.7 million ($0.11 per common share) for the three months ended June 30, 2002, compared to a net loss from operations of $7.2 million ($0.11 per common share) for the same …
Aon Corporation has been ordered to pay $6.1 million to former New York Giants football player Phil McConkey after a New Jersey appeals court ruled that he lost a job he took at another insurance company after his potential boss …
Balboa Life & Casualty, a member of the Countrywide family of diversified financial services, announced a large-scale, insurance agreement with WFS Financial Inc. The deal will result in the addition of approximately $38 million in annual insurance premiums for Balboa. …
