The Insurance Leadership Institute, a study group sponsored by GE Insurance Solutions, announced that the conference, to be held February 23, will analyze the effects of hurricanes and global warming on the Insurance Industry. “Symposium participants will examine the devastating …
The Credit Suisse Group announced that it has increased its reserve provisions recorded by its insurance subsidiary Winterthur in connection with the sale of Winterthur International to XL Insurance (Bermuda) Limited in 2001 in the amount of CHF 310 ($260 …
While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York insurance circles. Back in …
A unique deal in which 10 former WorldCom directors would personally pay $18 million of a $54 million settlement to compensate investors over the company’s plunge into bankruptcy will be withdrawn, plaintiffs said. New York State Comptroller Alan Hevesi, the …
ACE Insurance said it will seek dismissal of the lawsuit brought against it by Connecitcut Attorney General Richard Blumenthal for allegedly paying a secret commission to win a state contract. ACE CEO Evan Greenberg said that the company has investigated …
CDS Business Mapping LLC, a provider in online hazard mapping, is now offering manual flood determinations and flood certifications. As a result of these new services, users will be able to get flood determinations for virtually any address in the …
Victor O. Schinnerer & Company’s Not-for-Profit D&O Program has added another coverage line to its portfolio: stand-alone fiduciary coverage. The policy offers fiduciary liability coverage for any employee acting as a fiduciary on behalf of the organization: directors, officers and …
The American Insurance Association (AIA) on Thursday termed proposed reforms by the governor to Illinois’ troubled workers’ compensation system a “good beginning,” but added that more work remains in order to truly fix the system. “We are encouraged by the …
Rockwood Programs has reached an agreement with Avemco Insurance Company to be the exclusive administrator of a nationwide Employment Practices Liability Insurance (EPLI) program underwritten by the carrier. Avemco is a member company of HCC Insurance Holdings Inc. Rockwood has …
A.M. Best Co. has placed the financial strength ratings of the subsidiaries of GE Insurance Solutions Corp (formerly known as GE Global Insurance Holding Corp) (GE Insurance) (Overland, Kan.) under review with negative implications. A.M. Best has also placed the …
