Royal & SunAlliance announced the launch of a new electronic trading platform, eFacRe, for facultative reinsurance business, developed in conjunction with reinsurance software developer CATEX. “The system is one of the first of its kind to be built by a …
European Airlines and airports were quick to protest the decision by the European Commission to end its permission for EU governments to provide supplemental insurance coverage by the end of October (See IJ Website Sept.24) The EC announced that, as …
A federal court in New York has ruled that a lawsuit brought by Holocaust victims and their families against Italian insurer Generali and Switzerland’s Zurich Life Insurance Co. can go forward in the U.S. court. The companies had sought dismissal …
SAFECO, Travelers and Harleysville were recognized by the Independent Insurance Agents & Brokers of America (IIABA) for their efforts in promoting and marketing the tools, seminars and philosophies of the Association’s Best Practices initiative. The three insurance companies each received …
Travelers Property Casualty Corp. announced that its Board of Directors authorized the company to spend up to $500 million for the repurchase of its Class A and Class B common stock. The repurchases may be made from time to time …
By now, it’s hardly an exaggeration that medical-malpractice liability insurance markets in several states are in crisis. As is the case with so many other insurance lines, the exodus of medical liability carriers leaves physicians and other health care providers—especially …
California Gov. Gray Davis has signed a bill (SB 1661) that permits workers to take six weeks off to care for a new baby, a newly adopted child or a family member who has fallen ill. With the signing, California …
The Alabama Department of Insurance announced it will visit Ashland on October 9, 2002 to talk to residents about insurance. The department is sponsoring an outreach program throughout the state to educate and inform residents about insurance issues and the …
Acting Louisiana Insurance Commissioner J. Robert Wooley is soliciting information from the insurance industry on the current regulatory and legislative climate in the state, a move toward insurance reform that, according to the National Association of Independent Insurers (NAII), is …
Texas Mutual Insurance Co. awarded five scholarships totaling $16,478 for the 2002-2003 academic year to family members of individuals who died from work-related accidents. Since the program’s inception last year, the workers’ compensation insurer has awarded 11 scholarships worth over …
