New York’s Superintendent of Insurance Gregory V. Serio announced that an investigation into a suspected fraudulent motor vehicle theft insurance claim has resulted in the arrest of Steven P. Oslica, of Camillus, New York, for filing a fraudulent claim with …
The Professional Insurance Agents of Connecticut announced the newly elected officers and Directors at the organization’s annual convention held last week at Foxwoods Casino and Resort, Mashantucket, Conn. PIACT members also heard an inauguration speech from newly elected president Robert …
New York Governor George E. Pataki and New York City Mayor Michael R. Bloomberg jointly announced new legislation that will allow a wider range of businesses “the opportunity to utilize captive insurance companies to retain, fund, and better manage some …
Bermuda’s PartnerRe Ltd. announced that Walter Kielholz will not stand for re-election as a Director of PartnerRe Ltd., in order to devote more time to his new role as Chairman of Credit Suisse Group and his continuing duties with Swiss …
Th American Institute of Marine Underwriters will hold a one-day seminar on issues affecting marine insurance in New York at the Marriott Marquis Hotel on April 28. Among the topics announced for discussion are U.S. port security, containership concerns, and …
Bermuda’s ACE Limited announced today that Standard & Poor’s has reaffirmed its ‘A’ plus financial strength and counterparty credit rating, as well as the ratings of its insurance subsidiaries, following “a regular review begun last month by the rating agency.” …
A.M. Best Co. announced that it has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Germany’s Allianz AG and its core subsidiaries. It also lowered the ratings on Allianz’s senior debt to “aa-” from “aa+,” and …
Fiat SpA, Italy’s financially troubled auto maker, has agreed to sell its Toro insurance unit to De Agostini SpA, an Italian publishing company, for a reported 2.4 billion Euros ($2.54 billion). The insurance unit had been valued by analysts at …
A record crowd has registered for this year’s Claims Conference & Insurance Services Expo, which will be held March 30 – April 2 at the Dolphin and Swan Hotels at Disney World in Orlando. More than 3,000 claims industry professionals, …
Chicago-based Old Republic International Corp., will raise the regular quarterly cash dividend on its common stock to 17 cents per share beginning with the 2003 second quarter dividend. This represents a 6.3 percent increase from the current quarterly dividend rate …
