Easy riders concerned about how easily their wheels may be lifted have a new partner in the fight against theft. The company that created the global stolen vehicle recovery system for autos and then applied it to commercial vehicles and …
The nickname probably won’t be showing up anytime soon on the state’s license plates but Pennsylvania could be the Land of Stable Insurance Markets. Not that things are perfect but, according to Insurance Commissioner Diane Koken, things are in pretty …
Auto accident claims are down significantly in Lawrence, Mass. and several other Merrimack Valley communities after a 16-month crackdown on auto insurance fraud, according to an industry report. The Insurance Fraud Bureau of Massachusetts forecasts $25 million in savings for …
Vertafore, Inc., formerly known as AMS Services, Inc., a provider of software for the property and casualty insurance industry, has created a new business unit following the merger of two of its units, Allenbrook and AMS-Rackley. During the past 18-24 …
Attorneys for the policyholders of Executive Life have reached a settlement with French bank Credit Lyonnais (CL) and the Consortium de Réalisation (CDR), a government sponsored group, which took over CL’s debts in 1995, providing for a $525 million payment …
Munich Re announced 2004 net earnings of 1.8 billion euros ($2.34 billion), confirming its earlier revised estimates of between $2.22 billion and $2.48 billion (See IJ Web site Jan.23). The move back to profitability – the world’s largest reinsurer lost …
Both structural and design faults caused a large section of the newly constructed Terminal 2E at Paris’ Charles de Gaulle airport to collapse last May, killing 4 people and injuring 3. An investigative commission under the direction of Jean Berthier, …
The biggest fire in Madrid’s long history ravaged the 32-story Windsor Building in the heart of the Spanish capital on Sunday night and on into Monday morning. News reports on European TV stations showed an immense blaze, reminiscent of the …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of South Korea’s Samsung Fire & Marine Insurance Company Limited with a stable outlook. “The rating reflects Samsung’s superior capitalization, dominant market position and sound …
Irvine, Calif.-based R.E.Chaix & Associates announced that Gloria McShane, vice president has been promoted as the new manager of its professional liability department. McShane began her career in the insurance industry over 15 years ago. She started in the Commercial …
