The Banc Insurance Services Inc. (BIS), a Springfield, Mass.-based service provider to financial institutions trying to set up insurance agencies, announced it has contracted with Digital Federal Credit Union (DCU), a Marlborough, Mass.-based thrift, to help it form such an …
BRIT Insurance Holdings PLC, a leading participant in the Lloyd’s market, announced plans to raise around £204million ($316 million) through a rights offering. The company plans on using the funds to increase its capitalization and capacity to underwrite more business …
Standard & Poor’s announced that its ratings on Gerling-Konzern Globale Ruckversicherungs-AG (GKG) and related entities will “remain on CreditWatch with developing implications,” and that its long-term ratings on France’s SCOR and its subsidiaries will remain on “CreditWatch with negative implications.” …
The European Union plans to to end the emergency coverage it has granted to the community’s airline’s for terrorist liability by the end of October, while China’s government announced that it would extend coverage for its carriers until October 24. …
Most of the people who attended Chubb Corp’s Antiques Roadshow in Kansas City this summer were interested in making sure that if they found out they had a valuable antique, collectible or other item it was properly insured. Chubb interviewed …
Due to the cancellation of its 2001 convention after 9/11, recipients of both the 2001 and 2002 NAMIC Service Awards were honored during the business meeting of the 107th convention of the National Association of Mutual Insurance Cos. (NAMIC) last …
California Governor Gray Davis (D) has approved a measure requiring homeowners to notify builders of construction defects before they can initiate litigation, according to the American Insurance Association (AIA). “While this bill is not the final solution, it is an …
The Independent Insurance Agents & Brokers of America’s (IIABA) Agents Council for Technology (ACT) says there is a need for more effective agent-company interfaces that will free agents for more productive client service and sales activities. The paper, The Need …
“Our industry is evolving and changing every single day,” said Robert Rusbuldt, CEO of the Independent Insurance Agents and Brokers of America (IIABA) during the Opening General Session of the IIABA 2002 InfoXchange in New Orleans, La. Rusbuldt was joined …
The nation’s property and casualty insurers reported a $5.5 billion profit for the first three months of 2002, representing a $260 million, or 4.9 percent, increase over the same period last year, according to Weiss Ratings, Inc. “Property and casualty …
