North American Group announced it has acquired Oklahoma City-based Commercial Insurance Services and Claims Indemnity Services (CIS) effective Nov. 1, 2004. Headquartered in Oklahoma City, North American Group also has existing offices in Norman, Lawton, Tulsa, Houston and St. Louis. …
The U.S. property insurance industry has Florida to thank for achieving a record third quarter. Unfortunately, it was a record in losses. Eight catastrophes, including Hurricanes Charley, Frances, Ivan and Jeanne, contributed to $21.3-billion in insured property loss claims during …
More than $6 million in disaster assistance has been sent to Mississippians who suffered damage as a result of Hurricane Ivan, the state’s emergency response agency reported. Robert Latham, director of the Mississippi Emergency Management Agency (FEMA), said more than …
Democratic legislative leaders worked late last week to revive a stalled attempt to do something about the 33 percent increase in medical malpractice insurance premiums that some Maryland doctors say threatens to drive them out of business. Doctors from across …
Connecticut Attorney General Richard Blumenthal is expanding his investigation into allegations that insurance bids were rigged by examining whether unlawful practices have affected municipalities in the state. In a letter to each of Connecticut’s mayors and first selectmen, Blumenthal last …
According to a report published by Standard & Poor’s Ratings Services the outlook on the French insurance market remains stable, despite downward pressure on motor rates and only “recovering financial conditions.” “The stable outlook indicates that insurer financial strength ratings …
The Netherlands ING Group reported a significant rise in nearly all business sectors. Operating profits at the banking, insurance and financial services giant rose by 33.1 percent to 4.008 billion euros ($5.2 billion). Other highlights recorded during the period include …
Berkshire Hathaway Inc., the giant investment group run by Warren Buffet, reported a significant decrease in third quarter net earnings, primarily due to the hurricanes that struck Florida in August and September. Berkshire earned $1.137 billion during the period, compared …
The second edition of “A Practical Guide to Purchasing Groups” has recently been released by Insurance Communications. The newly revised and expanded edition, written by Karen Cutts, managing editor of the Risk Retention Reporter, provides an in-depth look at the …
Florida Attorney General Charlie Crist has issued subpoenas seeking documents and records from 10 firms and anticipates sending six more subpoenas out next week as insurance industry investigations widen. Crist is investigating arrangements between insurers and brokers commercial group accounts …
