Nikolaus von Bomhard, chairman of Munich Re’s Board of Management, presided over an upbeat annual general meeting yesterday at the world’s largest reinsurer’s corporate headquarters in Munich. Shareholders had reason to be pleased. After some rough going in 2003, von …
Despite early signs that the 2005 session of the Washington Legislature would impose a series of costly and burdensome measures on the insurance market, the Property Casualty Insurers Association of America (PCI) saw the most threatening measures evaporate by the …
Washington cities may soon begin installing red light cameras at their key intersections as a result of legislation recently enacted by the Legislature and signed into law by the governor, according to the Property Casualty Insurers Association of America (PCI). …
Princeton, Ill.-based Parr Insurance Agency has returned a final check for $10,000 to the city of Princeton for service fees the agency charged but not disclose, according to the Peoria Journal Star. The city paid a service fee of 10 …
A pilot malpractice docket for medical liability suits and a “patient safety center” to help prevent medical errors are among the final recommendations offered by a commission chaired by Ohio Insurance Director Ann Womer Benjamin. Six states have established patient …
A.M. Best Co. has affirmed the financial strength rating of “D” (poor) of Kemper Insurance Cos., which is comprised of Long Grove, Ill.-based Lumbermens Mutual Casualty Co. and five reinsured affiliated companies. Additionally, A.M. Best has affirmed the debt ratings …
Darien, Ill.-based online broker Quotesmith.com Inc. reported revenues of $4.4 million in the first quarter of 2005, an increase of 79 percent over revenues of $2.5 million for the same quarter of last year. That still meant a net loss …
This is a tale from the perspective of insureds on how Pittsburgh’s summer might be affected by insurance decisions. Willa Seldon knows the worlds of venture capital, corporate development and executive management. Her career includes stops at Williams-Sonoma, AirTouch Communications, …
Fortune 1000 companies’ auditing costs have increased by $1.4 billion collectively so far, and much of this increase is in response to the corporate governance act known as Sarbanes-Oxley, according to University of Nebraska at Omaha researchers. The insurance industry …
Fitch Ratings has affirmed the ‘BBB’ long-term issuer and senior debt ratings of the Commerce Group Inc. (CGI). Additionally, Fitch has affirmed the ‘A’ insurer financial strength ratings on CGI’s four insurance subsidiaries (see list below). The Rating Outlook is …
