The National Association of Independent Insurers has issued a statement supporting a bill, currently pending in the Massachusetts Senate, that would impose jail time and heavy fines for insurance fraud, indicating that its passage “would help address the Bay State’s …
Swiss Re will sell its remaining 8.3 million shares in Bermuda’s PartnerRe, around 16 percent of the company’s total shares, on the open market, pursuant to a registration statement with the Securities and Exchange Commission, as previously requested by Swiss …
Swiss-based reinsurer Converium Holding Ltd. has issued a statement giving the percentages of its shares that are currently held in investment funds managed by the government of Singapore, Putnam Investment management, LLC. Fidelity International Limited Wellington Management Company. “Government of …
CGI Group (Europe) Ltd and HP (Hewlett Packard/Compaq) jointly announced that they have delivered a business platform for Kinnect Inc., a Lloyd’s of London sponsored initiative, to improve the efficiency and effectiveness of trading relationships within the international commercial lines …
Gerling NCM Credit and Finance AG, the credit insurer in which Gerling currently has a 55.9 percent stake, will be reorganized as part of a complex transaction, which will see Swiss Re, which already has a 25 percent stake, Deutsche …
A crowd of supporters assembled near the University Medical Center in Las Vegas Tuesday at a rally and news conference in which victims of the escalating medical liability crisis nationwide joined Nevada doctors, seniors, and business leaders in calling on …
Old National Bancorp announced that it has closed the deal to acquire the James L. Will Insurance Agency Inc. of Evansville, Ind.. Old National is headquartered in Evansville. James L. Will Insurance Agency, which focuses on commercial property and casualty …
Even though preliminary figures are not even available yet, the Insurance Services Office Inc. has labeled the tornadoes that hit 14 Midwestern states an insurance catastrophe, meaning that insured damages are expected to reach at least $25 million. Estimates are …
The Louisiana Department of Insurance closed the operations of a Metairie insurance agent (producer) on accusations of forgery and misappropriation of insurance premiums. It was the third such shutdown of an agent’s insurance operation in four days, according to Insurance …
Virginia insurance regulators informed Alabama Insurance Commissioner Walter Bell recently that they are taking steps to liquidate a company that provides liability coverage to 46 Alabama hospitals. The Virginia insurance commissioner suspended all hospital liability insurance claims and filed a …
