The American Insurance Association (AIA) welcomed former Speaker of the House Doug Dean as commissioner of the Colorado Department of Insurance. “AIA and its member companies look forward to working with Speaker Dean in his new role as Insurance Commissioner,” …
The Independent Insurance Agents & Brokers of America’s (IIABA’s) 27th Annual National Legislative Conference will be held April 2-4 at The Capital Hilton in downtown Washington, D.C. The event will bring hundreds of independent agents and brokers to the nation’s …
California Gov. Gray Davis and the Democratic-controlled state Legislature came to agreement on 1,168 bills during the last session, making it the most bills Davis has signed in a single year since taking office in 1999. A couple of insurance-related …
J.P. Morgan Chase & Co. has now settled its dispute with all 11 insurance companies that had issued Enron-related surety bonds and will receive approximately 60 percent of the principal amount of $965 million. In connection with this agreement, and …
Even being in business for over 90 years doesn’t seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermens Mutual Casualty Company, a leading writer of workers’ compensation coverage, …
For the past 23 years, the Insurance Journal has published the annual Directory of Excess, Surplus and Specialty Markets. This issue is a resource for independent agents and brokers to help them find the markets they need. The print edition …
A measure placing additional restrictions on insurer use of credit scores that passed an Indiana House panel late last week could harm an already healthy property/casualty market, thereby harming consumers, according to the Alliance of American Insurers (AAI). The bill, …
ACE Limited announced that it will incur a net after-tax charge to earnings of $354 million ($1.32 per share) in the fourth quarter of 2002, as a result of the need to strengthen reserves due to increased asbestos and environmental …
The U.K.’s Royal & Sun Alliance is reported to be considering restructuring its operations in Australia and New Zealand prior to making a flotation of the units later this year as part of the company’s overall plan to raise capital. …
Swiss-based Converium Holding Ltd, announced terms for a settlement regarding the buy-out of shares of excluded minority shareholders of Converium Ruckversicherung (Deutschland) AG, one of its predecessor companies formerly Zurich Ruckversicherung (Koln) AG), the German-based operations of Zurich Re. A …
