Standard & Poor’s reacted quickly to the announcement by Japan’s Kyoei Mutual Fire & Marine Insurance Co. that it had canceled plans to join the Millea Group, and would instead become a subsidiary of the National Mutual Insurance Federation of …
Holland’s ING Group surprised analysts yesterday when it released its first half results. Although operational net profit declined by 2 percent, most forecasts had expected even more negative figures. ING earned €2.354 billion ($2.347 billion) from operations and registered an …
The National Association of Mutual Insurance Companies (NAMIC) issued a response Aug. 22 to the Consumer Federation of America (CFA) study, “How the Lack of Federal Back Up for Terrorism Insurance Has Affected Insurers and Consumers: An Update,” released earlier …
The Insurance Web Wizard, a new program created by industry veteran Keith Snow, is now available to help agents build a stronger presence on the Internet. “Large commercial consumers down to America’s smallest main street businesses want to know their …
ACE INA appointed Paul O’Connell to chief actuary. Based in Philadelphia, O’Connell will have overall responsibility for all aspects of the actuarial function within the U.S. and Canadian operations of ACE INA. O’Connell has more than 24 years of experience …
During the 2002-2003 school year, Vermont driver education teachers and students will be introduced to Crash Site™, a state-of-the art, interactive CD-ROM program designed to help teens understand the consequences of driving under the influence of alcohol or other drugs, …
The Seibels Bruce Group, Inc., has received an Order Imposing Administrative Supervision and Appointing Supervisor from the South Carolina Department of Insurance (SCDOI). The Order places three Seibels Bruce subsidiaries, South Carolina Insurance Company (SCIC), Catawba Insurance Company (CIC) and …
Insurance Management Solutions Group Inc. of St. Petersburg, Fla., a provider of business process outsourcing solutions serving insurance companies and financial institutions, announced in a public filing made with the Securities and Exchange Commission that it intends to buy back …
A number of doctors in Southeast Texas are threatening to stop treating workers’ compensation patients on Sept. 1, the effective date of recent changes to the Texas workers’ compensation fee guidelines. According to the Beaumont Enterprise the doctors are saying …
After months of struggle Indiana-based Conseco Inc. has finally uttered the “B” word with an acknowledgment that unless it can complete an orderly reorganization, it may seek bankruptcy protection. According to an AP article, a company official stated that “If …
