According to international insurer The AXA Group, the strong fall in the equity market over the last few months, which has impacted certain industries— including the insurance sector—is disconnected with the fundamentals of the economy. AXA stated that the current …
As terrorism coverage continues to be excluded from more and more property and casualty policies, insurance industry leaders are advocating a global definition of terrorism. Tom Player, attorney at the Atlanta law firm Morris, Manning & Martin LLP, presented those …
American International Group Inc. recently offered about $519 million in asset- backed securities, supported by insurance premiums from its commercial policyholders, market sources said. Salomon Smith Barney headed the deal’s syndicate group that included ABN- AMRO, Banc of America Securities …
The Hartford Financial Services Group unveiled its new Web site sb.thehartford.com to help entrepreneurs educate themselves about insurance before they buy. The content-rich, interactive Small Business Insurance Center explains the different types of coverages for small businesses, translates dense insurance …
Quotesmith.com Inc., the online insurance broker that provides instant quotes from more than 300 leading companies, announced financial results for the second quarter ended June 30. “Quotesmith.com delivered an outstanding quarter of progress and momentum,” said Robert Bland, chairman and …
Horace Mann Educators Corporation is restructuring its property and casualty claims operations. The company expects to realize operating and cost efficiencies and also improve customer service by consolidating claims office locations throughout the United States, implementing a new claims administration …
Applied Systems Inc. has forged an agreement with insurance broker Brown & Brown Inc. under which Applied will provide Brown & Brown with technology solutions for the company and its more than 2,000 retail employees located in over 120 offices …
In the wake of the Sept. 11 attack on the World Trade Center in New York City, the American Society of Workers Comp Professionals Inc. (AMCOMP) assembled the Workers’ Compensation Mental Stress Council to study the impact of stress claims …
The Alabama Insurance Commissioner will hold a hearing at 10 a.m. on Aug. 21, at the offices of the Alabama Department of Insurance, 201 Monroe Street, Suite 1700, Montgomery, to discuss a Revision of Alabama private passenger automobile insurance rates …
The two Texas gubernatorial candidates continue to trade barbs over the state’s tumultuous homeowners insurance market, further proving that higher premiums have become a major issue in the campaign. According to the Dallas Morning News, Democratic candidate Tony Sanchez has …
