American International Group Inc. (AIG) has unveiled Independent Directors Liability Insurance, a standalone policy designed to protect the personal assets of independent directors in case corporate wrongdoing prevents them from being covered by traditional directors-and-officers liability insurance. AIG said IDL …
ACE Risk Management (ARM), part of ACE USA, announced the creation of a new unit, ARM Excess Workers’ Compensation. The ARM Excess Workers’ Compensation unit offers risk managers and brokers the ability to customize workers’ comp programs to address today’s …
Joe Quigley, a veteran fundraiser in Washington over the past decade, is the American Insurance Association’s new political director. Quigley will oversee AIA’s political action committee and direct its political and grassroots activity at the state and federal level. Quigley …
The industry got together in Whistler, British Columbia July 25-28 for the Western States Surplus Lines Conference. Below are some images captured over those three days. Can you find yourself? Derek Borisoff of Monarch Insurance Services Paul W. Springman of …
An assistant vice president of fraud investigation and protection at Empire Blue Cross and Blue Shield’s Times Square offices allegedly shot two colleagues to death before killing himself Sept. 16. The New York Times reports that John Harrison, a former …
New York Superintendent Gregory Serio announced an extension of the deadline for Holocaust survivors and their heirs to file insurance claims with the International Commission on Holocaust Era Insurance Claims (ICHEIC) to March 30, 2003. “ICHEIC’s decision to extend the …
Selective Insurance Group, a Branchville, N.J.-based holding company for five property and casualty insurance companies offering primary and alternative market insurance for commercial and personal risks, announced a private offering of convertible notes in order to raise $100 million. The …
Standard & Poor’s assigned its “R” financial strength ratings to three subsidiaries of The Seibels Bruce Group Inc.: South Carolina Insurance Co. (SCIC), Catawba Insurance Co. (CIC), and Consolidated American Insurance Co. (CAIC). Concurrently, Seibels Bruce announced it has been …
Custom Insurance Solutions (CIS) of San Antonio announced that Austin-based wholesale MGA, Austin Surplus Lines Agency Inc., contracted with CIS’ for its AIM Management System. Austin Surplus Lines has 80 employees and four offices located throughout Texas. It is scheduled …
Houston-based specialty insurance group HCC Insurance Holdings Inc. announced an increase in the annual dividend to $0.26 per share on the company’s shares of $1.00 par value common stock payable $0.0650 per share quarterly. The dividend represents the 26th consecutive …
