New York’s Governor George E. Pataki announced that he has introduced legislation to provide enhanced insurance protections for New York State business owners. The Governor said the legislation would allow for the availability of more meaningful, adequate and flexible coverage …
The Bermuda-based Arch Capital Group Ltd. announced that, Ralph E. Jones III will join the company as President and CEO of Arch Insurance Group, a division of Arch Capital, effective July 1, 2003. Jones will assume responsibility for the management …
London-based ri3k, a leading provider of secure infrastructure for the global reinsurance industry, announced the sale of its Run Off Centre to legal/actuarial consultants James, Brennan & Associates. “The deal, which is subject to contract, provides James, Brennan & Associates …
The Insurance Bureau of Canada issued an announcement calling the proposed reforms of British Columbia’s graduated licensing system an “excellent public policy that should serve as a model for other provinces.” “Insurance Bureau of Canada has always been an advocate …
To further strengthen its corporate governance structure, the Nationwide Financial Services Inc. board of directors today announced that it has separated the roles of chairman and chief executive officer. As a result, Arden L. Shisler has been elected to a …
Employers Insurance Company of Nevada (EICN) announced that its wholly-owned subsidiary, Fremont Employers Insurance Company (FEIC) is unaffected by the California Department of Insurance (DOI) decision to take into conservancy the separate business entity of Fremont Indemnity Company (FIC). “Today’s …
Three insurance trade associations filed a lawsuit June 4 in Sacramento Superior Court challenging the legality of an “Advisory Notice” issued by the California Department of Insurance (CDI) on April 24, 2003 to all residential property insurers. The notice mandates …
Expanded agent licensing information on affiliated individuals is now available online at Kentucky Department of Insurance’s Web site. Insurance Journal ran this news on June 4, 2003, with Tennessee in the headline instead of Kentucky. IJ regrets the error. The …
Frisco, Texas-based Thazar announced the availability of INSsight™ 4.0, the latest version of its end-to-end business intelligence system designed specifically for the property and casualty insurance industry. INSsight is a customer driven business intelligence system that provides insurers with a …
Florida Governor Jeb Bush issued the following statement regarding First Professionals Insurance Company Inc.’s promise to cut rates if Bush’s proposed medical liability reform measures become law: “After reviewing our proposal for comprehensive medical liability reform, First Professionals Insurance Company …
