When insurance professionals and their guests from Los Angeles and Orange County convened at Dove Canyon Country Club on Oct. 14, they not only had a great day of playing golf, but they raised another $70,000 for their non-profit organization—Insuring …
Property/casualty professionals can learn about coverage for identity fraud expenses by accessing an online recording of a Web seminar on the topic, held recently by the American Association of Insurance Services (AAIS). AAIS recently developed and filed an “Identity Fraud …
California-based Risk Management Solutions Inc. (RMS), announced that the windstorm, designated Jeanett, which has hit the U.K., France, and the rest of northern Europe in late October, could cause up to 1 billion Euros ($983 million) in damages. The storm, …
Top commercial insurance brokers, noting insurers have been buffeted by terrorist attacks, stock market woes and increasing environmental hazard claims, have cast their eyes ahead to the coming year and voiced concern that if economic conditions do not improve, the …
Moody’s reports that further decline is likely for many U.S. P/C insurers’ investment portfolios because of credit losses resulting from exposure to troubled companies. However, in the newly released report, Moody’s predicts the relative magnitude of these losses to be …
The U.K.’s Royal & SunAlliance Group recently announced its nine-month results and at the same time revealed plans to significantly restructure it’s operations. Royal & SunAlliance USA (R&SA USA) will be split into two operating groups and will exit several …
Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of October that it has given up on the survival of its …
Not-for-profit organizations and public entities are in a crunch. A less than robust economy is forcing both privately funded charitable organizations and publicly funded institutions to operate with lowered budgets, despite a growing need for services. And their budget constraints …
Aon Corp. announced that company employees who participated in the October 13 Chicago Marathon and the November 3 New York Marathon to support the Aon Memorial Education Fund had raised over $190,000. “Over 120 runners from the US, Canada, Netherlands …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Kansas City-based Casualty Reciprocal Exchange (CRE) to ‘CCCpi’ from ‘BBpi’. The announcement noted that CRE participates in an interaffiliate pool in which …
