The Canadian Medical Protective Association (CMPA), which provides malpractice insurance to doctors in Canada, is on the verge of announcing it will not cover lawsuits generated by Internet drug sales, even if those suits are launched in Canadian courts. An …
France’s SCOR Group, the world’s seventh largest reinsurer, announced the successful completion of its capital raising initiative, launched on December 9, 2003. The company sold 682,724,225 new shares, raising 751 million euros ($955 million). The offering was strictly confined to …
The Ping An Insurance, one of China’s largest insurers, announced plans to raise approximately U.S. $2 billion in an initial public offering on the Hong Kong stock exchange. Ping An, a financial holding company which includes insurance, banking, securities and …
The first in a series of five Trusted Choice ad campaigns in 2004 has been moved to March 1 and will run through March 14, according to the Independent Insurance Agents and Brokers of America. The delay will not affect …
Chicago-based commercial lines insurer CNA Financial Corp. has completed the previously announced sale of its group benefits business to Hartford Financial Services Group Inc. for about $500 million. The business sold included group life and accident, and short- and long-term …
The Michigan bureaucrat who oversees the regulation of insurance named a new chief of staff shortly before Christmas. Office of Financial and Insurance Services (OFIS) Commissioner Linda A. Watters named Ken Ross as her chief of staff effective Dec. 22. …
Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Ron Coble, vice president and California state executive director, Farmers Insurance Group, was elected chairman of the board for 2004 at the December 2003 PIFC Annual Board …
A new California state P/C trade association is being formed by a group of small and mid-sized California domestic insurers. The members write homeowners, auto and commercial lines except workers’ compensation and are primarily dependent upon independent agencies to market …
Hilb Rogal & Hobbs Company, based in Richmond, Va., announced it has acquired substantially all of the assets of Casey, Wolfe & Martin Inc. (Casey, Wolfe & Martin), a Dallas, Texas-based insurance agency. Terms of the transaction were not disclosed. …
U.S.I. Holdings Corporation announced that it has reached an agreement in principle to acquire all the issued and outstanding capital stock of Los Angeles, Calif.-based Dodge, Warren & Peters Insurance Services Inc. The consummation of the transaction is expected to …
