Among those combating this problem has been the New York Department of Insurance. New York Insurance Commissioner Gregory Serio said his department has actively coordinated with other law enforcement agencies to “make sure there was a good communication link between …
As the classic television crime show used to remind us, “There are 8 million stories in the Naked City.” There were more on Sept. 11, 2001. Here are just a few, one from each of the three World Trade Center …
When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many …
Rumors of a possible takeover of Zurich Finan-cial by U.S. insurance juggernaut American International Group (AIG) gained steam as the Swiss concern’s stock rose sharply last week. According to Reuters, speculative buying drove Zurich’s stock price up as speculation over …
John Garamendi, Democratic candidate for California Insurance Commissioner, succeeded recently in forcing Green Party candidate David Sheidlower to delete a portion of his ballot statement in the state voters’ pamphlet. The portion of Sheidlower’s candidate statement in question states, “There …
A three-and-a-half year lawsuit pitting two former State Farm agents against State Farm Automobile Insurance Company has come to an end, with the jury’s verdict ruling for the agents. Richard Pyorre of Fort Bragg, Calif. and John Wier of Crescent …
The National Association of Independent Insurers (NAII) urged the Iowa Insurance Division to abandon several proposed changes in its unfair trade practices regulation, as it sees no need and no benefits from the proposals. NAII Counsel Ann Weber pointed out …
Standard & Poor’s announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Germany’s Gothaer Ruckversicherung AG (Gothaer Re) to single-‘A’-minus from triple-‘B’-plus, and further confirmed a stable outlook. “The upgrade is based on Gothaer …
The St. Paul’s plan to spin-off its reinsurance operations to Platinum Underwriters Holdings Ltd, a newly formed Bermuda company, has become the latest victim of the free fall in the world’s equity markets. At the beginning of July the St. …
Typhoon Rusa battered the So. Korean peninsula over the weekend with 130 mph winds and torrential rains, leaving at least 50 persons dead and many more missing, in what authorities described as the most severe storm in 40 years, and …
