The Supervisory Board and the Executive Board of the Netherlands AEGON N.V. announced that “with great regret” they have taken notice of the resignation of Ms. Karla M.H. Peijs from the AEGON N.V. Supervisory Board as from 27 May 2003, …
The Insurance Bureau of Canada announced the launch of “a unique community outreach initiative being rolled out by university students across Ontario over the next three months.” Called “Rest Up! Save Your Neck,” the initiative aims at getting drivers to …
Willis Group Holdings has worked in cooperation with several pharmaceutical and medical products companies, to establish Pharmaceutical Insurance Limited (PHIL), a Bermuda-based mutual insurance company that will issue its first policies on July 1, 2003. “The new mutual insurance company …
Germany’s Hannover Re, the world’s fifth largest reinsurer, reported an operating profit of 109 million euros ($129 million) in the first quarter of 2003, compared to 174.4 million euros ($206.5 million) in the same period last year, a 38 percent …
Cincinnati-based American Financial Group Inc. announced last week that its principal property and casualty insurance subsidiary, Great American Insurance Company, had been notified of an arbitration decision resulting from its share of a 1995 property fire and business interruption claim. …
Columbus, Ohio-based ProFinance Holdings Corp., the holding company for Century Insurance Group, announced today that on Thursday May 15, 2003, it closed on the private placement sale of $10 million of thirty-year floating rate trust preferred securities issued through a …
Late last week, Senator Orrin Hatch, R-Utah, introduced legislation to reform asbestos litigation. The “Fairness in Asbestos Injury Resolution (‘FAIR’) Act of 2003” (S. 1125) is intended to create a fairer and more efficient system for resolving the asbestos claims …
The ability of an insurance company to “fully service the insurance needs of information technology companies” is of paramount importance to agents that target this business sector, according to a survey sponsored by the Chubb Group of Insurance Companies. “Knowledge …
The Texas House of Representatives passed its version of Senate Bill 14, legislation that addresses regulation of residential property and commercial and personal automobile insurance. According to the Alliance of American Insurers, the House version contains significant differences from the …
The owner of a drywall and plastering company in Homestead, Fla. is facing charges of workers’ compensation insurance premium fraud for allegedly under-reporting payroll to avoid $140,000 in insurance premiums. According to the Florida Department of Financial Services Kraig Wayne …
