The National Association of Mutual Insurance Companies (NAMIC) is a member of a new broad-based group of business and professional organizations that just recently formed. The Coalition to Insure Louisiana (CIL) was established to address the growing insurance availability problem, …
Unprecedented challenges facing the U.S. insurance industry in the past year, including asbestos claims and lawsuits, terrorism, a weak economy, and a continuing weak investment markets, have many insurance executives hoping the worst is behind them. Standard & Poor’s Ratings …
National Union Fire Insurance Company of Pittsburgh, Pa.® (National Union), a member company of American International Group, Inc. (AIG), has introduced Maximum A-Side Excess Insurance(SM) (MAX), a “Side A” excess non-indemnifiable loss policy with a Difference In Conditions provision that …
The Hartford Financial Services Group, Inc. announced a series of actions and plans to strengthen its capital base, enhance earnings and advance its competitive position. The company also announced the completion of its ground-up study of asbestos-related exposures and a …
The St. Paul Companies has purchased the right to seek renewal of certain existing commercial insurance business written by the Kemper Insurance Companies in the United States. Under the agreement, The St. Paul will obtain the right to seek to …
Ohio Casualty Corp. filed a shelf registration statement with the Securities and Exchange Commission to sell up to $500 million of securities, including stock or debt, for general purposes. The Fairfield, Ohio-based insurance holding company said in a release it …
The Independent Insurance Agents of New Jersey (IIANJ) recently raised over $20,000 for the New Jersey chapter of the Make-A-Wish Foundation at their 910th Annual IIANJ Charity Golf Outing which was held on May 5, 2003 at Bamm Hollow Country …
David Madara, President of The Professional Insurance Agents of New Jersey Inc.and the organization’s Legislative Representative Leon Zimmerman, attended a press conference on Friday with Governor James E. McGreevey, who announced a new plan to strengthen his reform proposals for …
In an unanimous ruling, the Appellate Division of the New York State Supreme Court recently applied an apportionment theory of liability that had previously only been used in pollution cases to a case involving lead paint, noting that the circumstance …
Bermuda’s PartnerRe Ltd. announced that it has completed its offering of its Series C Cumulative Preferred Shares, resulting in net proceeds to the Company of $251.8 million. “The Series C Shares will trade on the New York Stock Exchange under …
