Zenith National Insurance Corp. announced that Alan Rothenberg of Los Angeles has been elected to its Board of Directors, increasing its Board of Directors to nine members. Rothenberg is a lawyer, mediator, former President of the State Bar of California …
California-based Fireman’s Fund Insurance Company, a subsidiary of Allianz AG of Munich, Germany, will receive capital from its parent to increase its reserves for asbestos and environmental (A&E) exposure. Scheduled to occur at the close of the third quarter, $750 …
California State Compensation Insurance Fund president Ken Bollier announced he will step down at the end of the year. Jim Zelinski, spokesperson for the Fund, told Insurance Journal, “Diane Oki, who has served as executive vice president since 1995, will …
A preliminary Field Poll conducted in August revealed the race for California Insurance Commissioner is tightening up. The poll, which was conducted by an independent public opinion news service called the Field Institute, measured many aspects of the voters’ likeliness …
W. R. Berkley Corporation announced the formation of B F Re Underwriters, LLC, an underwriting management group specializing in the underwriting of casualty facultative reinsurance on a direct basis. Daniel Avery, who was named president, will head the group, which …
While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a new study by Conning Research. Conning’s latest Property/Casualty …
The National Association of Independent Insurers has issued a statement questioning the effects of pending legislation in Ohio, which would restrict the rights of insurance companies to consider consumers’ credit information in making underwriting decisions, as being overly restrictive and …
Michigan-based MEEMIC Holdings, Inc. reported that the lawsuit filed by shareholder David Osher against the company, its directors and ProAssurance Corporation, that sought to enjoin the company’s privatization plan, has been dismissed with prejudice by the court. MEEMIC writes personal …
Jennifer M. Granholm, Michigan’s Attorney General, announced that she has filed a “Petition for Contested Case Hearing” with Financial and Insurance Services Commissioner Frank M. Fitzgerald that demands “a formal examination into the legality of using credit scores in determining …
Aegon, the Netherlands second biggest insurer and financial services company, announced that it has reached an agreement with its largest shareholder, Vereniging AEGON (the Association), providing for the sale of 350 million shares, which is projected to raise around £2 …
