John P. McCann, 59, a former editor of the Insurance Journal and a co-founder of the Workers’ Comp Executive, died Oct. 28 following a five-year struggle with early-onset Alzheimer’s disease. McCann’s professional career was centered on the insurance industry, including …
The law firm of Cauley Geller Bowman & Coates, LLP reports that a class action has been filed in the United States District Court for the District of Minnesota on behalf of purchasers of The St. Paul Companies publicly traded …
The Chubb Corporation reported that net written premiums grew 33 percent as insurance rates continued to rise in all three strategic business units and as the company continued to attract new customers. Chubb had an operating loss of $270.7 million …
Both the headline and certain portions of the text in the article that appeared yesterday, October 29, incorrectly identified the NAII as having approved inreon’s use of ACORD standards. This was not correct. The NAII has no connection with either …
France’s SCOR Group, the world’s 8th largest reinsurer, issued a profit warning today, stating that: “a net loss estimated at around EUR 250 million [$246 million] is expected for the full year 2002.” The group recorded a $20.65 million profit …
Ohio Insurance Director Lee Covington has become the point man for insurance commissioners nationwide, who are worried about court decisions, usually involving class actions, that they feel trespass on their regulatory territory. Covington filed an amicus curiae brief in the …
Swiss Re announced that it has resolved its dispute with Lincoln National Corporation related to Swiss Re’s December 2001 acquisition of Lincoln Re. Under the terms of the settlement Lincoln will pay Swiss Re $295 million in cash. The company …
ACE Limited reported net operating income of $158 million for the quarter ended September 30, 2002 compared with a net operating loss of $390 million for the same quarter in 2001. It also announced a net loss for the quarter …
A fire which broke out in the International Trade Center Building in Ho Chi Min City (ex-Saigon) Tuesday afternoon has claimed the lives of at least 59 people, and possibly many more according to newspaper reports. Offices of American International …
Willis Group Holdings Limited, the world’s third largest global insurance broker, announced third quarter operating revenues before taxes and interest of $64 million, compared to a $72 million loss in the same period last year. Net profits for the period …
