Allianz Insurance Company has launched a new business unit to provide directors and officers liability insurance. Allianz has consolidated operations and underwriting authority in its Chicago and New York offices to ensure responsiveness and speed decision-making. “We see a tremendous …
France’s Axa Group has concluded an agreement with U.K. property developer Hammerson PLC to create a new office and shopping complex in the Place Vendome, rue St. Honoré area, one of the most fashionable and prestigious sites in the French …
Minneapolis-based C.H. Robinson Worldwide Inc., a provider of transportation services and shipping logistics, indicated that it has settled one of three pending wrongful death lawsuits, resulting from a multi vehicle accident, for $4.25 million. It also indicated that it has …
Ohio-based Nationwide Insurance announced that Linda Roubinek, the company’s Insurance Systems Officer, has been recognized by IDG’s Computerworld, the weekly newspaper for IT leaders, as “one of the business world’s Premier 100 IT Leaders.” “The Premier 100 IT Leaders award, …
Three Romanian economic magazines, “Financial Market”, “PRIMM” and “Bucharest Business Week,” have given Allianz’ Romanian oerations, Allianz Tiriac, their awards as the best local operating insurer of the year 2002. The awards were in recognition of the “the rapid growth …
Blizzards in France, floods in the U.K. and Germany, avalanches in the Alps – winter hit Europe particularly hard over the weekend. An unusually heavy snowfall in Northern France shut down the country’s main auto routes and briefly closed Charles …
Texas Insurance Commissioner Jose Montemayor submitted a written report to Texas legislators indicating needed changes in laws relating to regulation of the insurance industry. The Biennial report, required under Section 32.022 of the Insurance Code, summarizes the changes in the …
Mississippi Insurance Commissioner George Dale announced that State Farm Fire and Casualty Co. was granted modified rate hikes for homeowners insurance consisting of a 19.9 percent increase statewide, and a 25 percent increase in the three Gulf Coast counties. Dale …
Capital BlueCross President and CEO James Mead issued a statement supporting Pennsylvania Gov.-elect Ed Rendell’s proposed health insurance reserve tax to help alleviate the state’s medical malpractice liability crisis. “The medical-malpractice crisis in Pennsylvania is real, and we applaud Gov.-elect …
Calif. Insurance Commissioner-Elect John Garamendi will take the Oath of office today in a ceremony at the Assembly Chambers California Capitol Building at 9:30 a.m. For the first time in history, outgoing Commissioner Harry Low will swear Commissioner-Elect Garamendi into …
