The Oklahoma Insurance Department announced it has ordered three medical discount companies to cease doing business in the state. Department officials alleged that the companies sold cards that purported to provide discount medical services but that doctors, hospitals and other …
Infinity Insurance Company reported that its Infinity University is presenting Education Expo 2004 for the benefit of Texas agents in early December. The expos will include exhibits highlighting the Infinity University and the educational resources it provides, exhibits featuring the …
In December the Florida Legislature will consider changing the state’s multiple-deductible rule during future hurricane seasons. The legislature is considering eliminating multiple deductibles for future hurricane seasons and at the same time might considering providing financial assistance to homeowners who …
London-based broker, Jardine Lloyd Thompson Group plc, announced that it expects pre-tax profits and “exceptional items” for 2004 to be around £92 million ($175 million); or £100 million ($189.5 million) before tax, exceptional items and goodwill amortization. Analysts had been …
Jean-Paul Votron, who became the new CEO of Belgian-Dutch financial giant Fortis at the beginning of October, has inherited a very successful company from his predecessor Anton van Rossum. Fortis posted a 79 percent increase in net operating profits to …
Zurich Financial Services announced the appointment of Andreas Grünbichler to Head its newly created Group Risk Management Policy and Research Unit, effective immediately. “In this new position, Grünbichler will lead the Risk Management Research, a new function within Group Risk …
Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association (London) Ltd. (SL or the club) with a stable outlook. “The ratings on The …
In a separate bulletin Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association (Bermuda) Ltd. (SB or the club). (See also previous article). …
Restaurant Insurance Corp. (RIC) a Greenwood Village, Colo.-based specialty insurance company, released findings from a study of claims filed by its insured restaurants since 2002 showing that slips, trips, and falls by patrons and others are by far the most …
The Arkansas Insurance Department announced it has begun a general investigation of the insurance practices of Arkansas insurance brokers and insurance companies. In light of the recent “bid-rigging” allegations against one of the nation’s top brokers, the department has also …
