Long Grove, Ill.-based Kemper Insurance Cos. will be laying off about 1,000 employees and pursuing options of how best to put into runoff the middle-market offerings for which negotiations recently fell through. According to a Kemper spokeswoman, Kemper had previously …
A report released at the recent Risk & Insurance Management Society (RIMS) conference in Chicago found that after only two years of double-digit percentage premium increases, the property market has already begun to soften. The question then posed at the …
Ever since the Ballard case hit the front page two years ago, I’ve been checking those shower tiles at home a little closer. I’m convinced that little brown spot in the corner by the shampoo is the dreaded m— everyone …
Through the use of new policy forms, insurers are trying to evict mold from the insurance landscape. Departments of insurance in 39 states have now approved exclusions for coverage of mold. Will the pesky mold problem finally go away? Unfortunately, …
On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers Perrin’s 2002 Directors & Officers Liability Survey. The sustained …
Dallas / Fort Worth Area Producer Development School Scholarship Details: In partnership with Insurance Journal Magazine—Texas / South Central Edition, The National Alliance School for Producer Development will award one scholarship for a full tuition sponsorship to the Dallas/Fort Worth …
A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a surge in profits—£834 million ($1.31 …
Outgoing AAMGA president Rob Giles sat down with Insurance Journal recently to discuss the association, managing general agents and his term as president, among other things. Giles, president of Wisconsin-based Midwest General Agency, will oversee AAMGA’s 77th Annual Convention, scheduled …
I was standing at the ballpark watching the local minor league baseball team take batting practice before a game. My son was along for the insurance company-sponsored evening, and we were out along the third-base line in the area reserved …
Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on Attorneys Liability Protection Society Inc. (ALPS), a Risk Retention Group, to “BBB” from “A-” and removed the company from CreditWatch, where it was placed in mid-March. …
