The NAII issued a bulletin opposing a proposed Connecticut bill that would prevent insurers from using credit scoring in insurance underwriting and rating, indicating that it “will do nothing to protect consumers, who are already protected against abuses by existing …
New York State Insurance Department Superintendent Gregory V. Serio announced the arrest of Jonathan S. Isdell, Sr., 46, of Schenectady, New York, for fraudulently using his son’s medical benefits identification number to obtain healthcare related services and prescription drugs. He …
All that lobbying and demonstrating has apparently begun to pay off for New Jersey’s insurance community (See IJ Website Mar.18), as the state’s Senate Commerce Committee unanimously passed an amended version of S.B. 1999, the auto insurance reform bill supported …
Bermuda-based PartnerRe Ltd. announced that Sir Robert Horton has chosen to retire from its Board of Directors, effective February 25, 2003, “as a result of the increased responsibility in his current capacity as Chairman of Chubb plc., the worldwide security …
France’s AXA Group announced that Hans-Peter Gerhardt, currently a member of the Executive Committee and Vice-President of the Board of Directors of General Cologne Re will join AXA RE as CEO, effective May 1, 2003. Gerhardt, 47, has 22 years …
Bermuda-based ESG Re Limited announced that it has filed with the Securities and Exchange Commission to deregister its common stock under the Securities Exchange Act of 1934. The deregistration is expected to become final within 90 days of filing. ESG, …
Bermuda’s XL Capital Ltd. announced that Joseph C. Henry has been appointed to the position of Executive Vice President and Global Controller of XL Global Services. He’ll be responsible for overseeing financial reporting and planning, accounting, budgeting and financial analysis. …
Italy’s Generali joined the growing list of big insurance companies – it’s Europe’s 4th largest in terms of net premiums written – posting big losses with yesterday’s announcement that the company would record a full year 2002 loss of 754 …
In order to underscore its commitment to full financial disclosure, maverick insurer Progressive Corp. has accompanied its annual report with photos of a nude, 82-year-old man, according to the Associated Press. The Mayfield Village, Ohio-based company’s report features photos of …
Insurance issues will be at the forefront of topics at the 8th Annual Conference on Contract Risk Management for the Oil & Gas Industry to be held in Houston Apr. 28 & 29. According to the Strategic Research Institute, in …
