Monthly Archives: <span>April 2005</span>

Insurers Warn in Study: Unprofitable Del. Auto Insurance Market Could Face Reduced Competition

Even after investment income is considered, underwriting private passenger automobile insurance in Delaware has been unprofitable for the past five years, according to a study done by the Property Casualty Insurers Association of America. The primary reason for these poor …

Reinsurance Group’s Cohen Named Woman of Year

The Association of Professional Insurance Women has selected Marsha Cohen to be its 2005 Insurance Woman of the Year. Cohen represents the Reinsurance Association of America where she is senior vice president for state relations and directror fo education. Cohen …

Pa. Sets Series of Consumer Meetings on Insurance

Cindy Fillman, the Pennsylvania Insurance Department’s consumer liaison, is inviting consumers to regional consumer advisory meetings to talk, ask questions and bring items of interest to the direct attention of the department. “I am very excited about this chance to …

Greco Steps Down as RAS Chairman

Mario Greco announced his resignation as Chairman of the Board of Management of Italian insurer Riunione Adriatica di Sicurtà S.p.A. (RAS). The company’s majority shareholder is Germany’s Allianz AG, which holds a 55.5 percent stake. An announcement on the Allianz …

Greenberg Resigns from Transatlantic Board

The investigative earthquake that has shaken American International Group to its foundations reached into another part of the empire on Tuesday, April 5, with the announcement that former AIG Chairman and CEO Maurice R. “Hank” Greenberg, along with Edward E. …

Western Security Surplus Offers Free Tough Products Liability Seminar May 11

Western Security Surplus announced a free Tough Products Liability Insurance seminar on May 11, 2005. The hosts for the seminar will be WSS’ Northern California office and Shand Morahan. The topic is “Insuring Tough Products Liability Accounts.” Attendees can increase …

Target Insurance Services Launches 3 New Programs: Home Inspectors, Large Law Firms, Accountants

Avon, Conn.-based Target Insurance Services is making available new markets for home inspectors professional liability, including optional general liability; professional liability for large law firms (50+ in size); and professional liability for accountants. All three programs are backed by a …

AIA Says No to Maine Premium Tax Increase

The proposal to increase the Maine property/casualty premium tax by 25 percent would make the state less competitive and increase insurance costs for consumers, the American Insurance Association (AIA) said Tuesday in testimony before the Labor Committee of the Maine …

Best Affirms Rating for ING Comercial America

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of ING Comercial America (ING CA) and its wholly owned subsidiary, ING Comercial America Fianzas (both of Mexico City, Mexico). The rating outlook is stable. The rating reflects …

First Premium Insurance Group Promotes Finnan

First Premium Insurance Group, a growing regional property and casualty insurance broker in Covington, La., announced the promotion of Jennifer H. Finnan to personal lines manager. Finnan joined the staff of First Premium Insurance Group seven years ago and has …