Severe Acute Respiratory Syn-drome (SARS) has not, so far, threatened to be a repeat of the world’s last great pandemic—the “Spanish Flu” of 1918-19. Nor is it as lethal as malaria, which, according to the World Health Organization (WHO), kills …
Whenever we do stories related to technology and the independent agency system, I’m struck by the two divisions that reside in the business. There is the “old guard” if you will, many who began their careers when rotary phones were …
Senate Bill 339, which addresses the medical liability crisis in Texas was signed into law by Texas Gov. Rick Perry. The bill allows flexible insurance policies to be written by the Joint Underwriting Authority, the insurer of last resort, and …
The membership of Boca Raton, Fla.-based NCCI Holdings Inc., elected James A. McClung and John J. Albano to the company’s 2003-2004 Board of Directors. Twelve additional directors were reelected to the NCCI board. John J. Albano is president and chief …
FPIC Insurance Group, Inc. based in Jacksonville, Fla., announced the completion of a $15 million private placement through a trust preferred securities offering. FTN Financial Capital Markets and Keefe Bruyette & Woods Inc. (FTN/KBW) acted as placement agents for the …
After 22 years with AXA, Françoise Colloc’h, a member of the insurer’s Management Board in charge of Human Resources, Brand and Communications has announced retirement plans. The company has named Claude Brunet, a member of the management Board in charge …
A.M. Best Co. announced several ratings actions affecting the AXA Group’s Canadian subsidiary companies, affirming some ratings, and lowering others. It has affirmed the financial strength ratings of A+ (Superior) of AXA Canada Inc., AXA Assurances Inc. and AXA Assurances …
The Netherlands ING Group announced that it is selling its 49% shareholding in Mexico’s Seguros Bital to Grupo Financiero Bital, S.A., a wholly owned subsidiary of HSBC Holdings, plc. for $148 million. The transaction, which is subject to regulatory approvals, …
Willis Re, the reinsurance division of global insurance broker Willis Group Holdings, announced the launch of Willis Concentrated Risk Locations (Willis Ctrl), which it described as “an exciting new risk modeling service that evaluates concentrations of property and casualty exposures …
Brooklyn-based Allcity Insurance Company announced its operating results for the three month period ended March 31, 2003, reporting a net loss of $878,000 or $0.12 per share for the period, compared to a net loss of $1,271,000 or $0.18 per …
