Bermuda-based Aspen Insurance Holdings Limited announced that, subject to regulatory filings, it will expand its U.S. property reinsurance underwriting as of January 26, 2004 through the formation of a new property reinsurance team based in Connecticut. Brian Boornazian, formerly of …
Six Holocaust survivor families, have filed lawsuits to recover life insurance benefits due to them arising out of the death of their heirs during the Holocaust. The lawsuits claim that Generali, a large Italian insurer, wrote life insurance policies on …
After almost a decade of servicing the general liability/property wholesale needs of California’s central coast from his desk at R.E. Chaix & Associates’ senior vice president Steve Wessel is retiring. “It was a tough decision to make, but I’m going …
The high cost of the U.S. tort system makes products more expensive for all Americans and inhibits investment that can create jobs. It is not an insurance industry problem, but a national economic problem, industry leaders told insurance executives attending …
Nine Alabama fire departments were unable to save the Lillian Community Center, which was destroyed in a fire early last Wednesday morning. Acting State Fire Marshal Richard Montgomery said his office had been requested to assist local officials in the …
A Georgia House bill requiring captive insurance companies that write workers’ compensation coverage to be covered under state guaranty fund laws will reportedly do nothing to identify or correct their financial difficulties, but instead will unfairly shift their claims paying …
U.S. property/casualty insurers paid $12.8 billion to homeowners and businesses for insured property losses from 21 catastrophic events last year, according to current estimates by Insurance Services Office, Inc.’s (ISO) Property Claim Services (PCS) unit. Policyholders filed more than 2.6 …
The Professional Insurance Agents of New Jersey has commented on the proposed changes to the rules for effecting coverage of private passenger automobile insurance by the state’s Department of Banking and Insurance (DOBI). “The department has proposed a change that …
Ohio-based regional insurer Westfield Insurance has named Richard A. Gajda executive of special risk/workers’ compensation, the company said in a statement. His responsibilities include managing the overall results of the company’s workers’ compensation line of business and developing company strategy …
Standard & Poor’s Ratings Services has assigned its ‘R’ financial strength rating to Waukegan, Ill.-based Statewide Insurance Co. after the Illinois Department of Insurance ordered the company to be liquidated on the basis of insolvency, effective Jan. 6, 2004. This …
