Under the motto “From Knowledge to Action,” Munich Re announced that it has established the Munich Re Foundation with an initial capital of 50 million euros ($64.71 million). The announcment said the foundation will intensify the giant reinsurer’s “efforts on …
A reassessment of damages caused in three flood-damaged Mississippi counties has been requested by the Mississippi Emergency Management Agency, which has requested additional preliminary damage assessment teams from the U.S. Small Business Administration to tour flood-damaged Hancock, Jackson and Pike …
Florida’s Attorney General Charlie Crist has warned businesses to be on the alert for a scam in which they receive a solicitation for funds, supposedly from the Florida Secretary of State’s office. The solicitation by the Corporate Compliance Center requests …
Farmington Hills, Mich.-based national specialty insurance wholesaler Burns & Wilcox appointed Thomas M. Wiedemann assistant branch manager of the Chicago office. The addition represents Burns & Wilcox’s continuing growth strategy to offer global insurance resources through local service centers, the …
Members of a government oversight committee accused Illinois Gov. Rod Blagojevich’s administration Wednesday of mismanagement for its handling of an auto insurance fund that ran out of money. The $1.6 million insurance fund ran dry in October, leaving no money …
Property and casualty insurers will see dramatic declines in core earnings power beginning as early as this summer and extending into 2006, according to a new study by Cochran, Caronia Securities LLC, an insurance industry investment banking firm. The study …
Fitch Ratings has affirmed all current ratings of the Hartford Financial Services Group Inc. (HFSG). This includes HFSG’s fixed income ratings and the insurer financial strength rating of the primary life and property/casualty insurance subsidiaries. The Rating Outlook remains Stable. …
Hilb Rogal & Hobbs Company announced that Carolyn Jones, senior vice president, chief financial officer and treasurer, has decided to retire from the company following the recruitment and appointment of her successor. She will remain in her current position until …
Insurance Journal will present the fourth in its year-long series of ‘How to Write’ seminars on Wednesday, April 13, with a look at lawyers malpractice. Scheduled to begin at 10 a.m. (PST), the seminar’s content and presentation is provided by …
Architecture, Engineering and Construction (AEC) firms have seen an 88% increase in the cost of professional liability coverage in the last three years, according to a recent survey by Zweig-White. To help architects address this, RedVector.com, a provider of online …
