CNA Financial Corp. announced that as of Dec. 31, 2002, its property and casualty insurance subsidiaries have about $600 million of reinsurance receivables due from Gerling-Konzern Allgemeine Versicherungs AG and its property and casualty insurance subsidiaries (collectively known as the …
MarketScout, a Dallas Texas-based insurance exchange specializing in the distribution of property and casualty insurance products, designated Royal & SunAlliance as its specialist for Higher Education coverages. MarketScout’s distribution technology will be used by retail agents searching for coverage solutions …
The Kentucky Department of Insurance issued a warning to agents that due to widespread non-compliance with renewal and address change requirements, many are facing loss of their authority to do business in the state. Renewal of a license is the …
Compass Bancshares Inc., headquartered in Birmingham, Ala., announced it has acquired Mueller & Associates Inc., of Tucson, Ariz., a full-line general insurance brokerage firm. Mueller & Associates has revenues of approximately $4 million and services commercial and retail customers in …
The CPCU Society has scheduled numerous workshops to be presented in April, including two in Ohio and one in Michigan. These workshops are open to CPCUs and other insurance professionals, and provide the opportunity for professional development and networking. Most …
Mike McClure has been named to the newly created position of vice president of finance and strategic development for NATLSCO Inc., the service platform of Kemper Insurance Cos. Kemper recently announced it was combining its risk management and loss administration …
International insurance brokerage and consulting company Summit Global Partners has formed a new group specializing in complex marine risks. The Marine Practice Group, which will be located in San Francisco, will service the insurance and risk management needs of virtually …
Standard & Poor’s has removed its ‘BBB+’ counterparty credit and financial strength ratings on Employee Benefits Insurance Co., Design Professional Insurance Co., and EBI Indemnity Co., which are affiliates of Royal Indemnity Co. (BBB+/Developing /–). “These ratings are being removed …
The number of insolvencies among property/casualty insurance companies remained high in 2002, with 38 companies placed either under regulatory supervision or into liquidation, according to the special report, “Rising Number of P/C Company Impairments Continues Trend,” issued this week by …
A bill introduced in the California Senate is the latest in a series of attempts by the trial bar to restrict the use of confidentiality and settlement agreements in certain legal actions, according to the Alliance of American Insurers (AAI). …
