Zurich Financial Services Group (Zurich) and Trident III, L.P., an investment trust, announced that they have signed a definitive stock purchase agreement for Trident to acquire Zurich’s equity stake of approximately 94 percent in ZC Sterling Corporation. The announcement said …
Standard & Poor’s Ratings Services said in a recently published report that it has maintained its negative outlook on the Swiss insurance sector for both property/casualty and life. The report, “Swiss Insurance Market Portfolio Review,” is available on RatingsDirect, Standard …
Standard & Poor’s Ratings Services Melbourne office announced that it has revised its rating outlook on Simply Insurance New Zealand Ltd. to developing from stable. The rating remains at “B.” S&P noted that “Simply Insurance and its sister company Pacific …
Gov. Jeb Bush has signed HB 6001 into law, the state’s first 12-day sales-tax holiday which permits Floridians to purchase a variety of hurricane supplies and saves consumers $9.3 million. The law gives purchasers a window, from June 1 to …
New York Attorney General Eliot Spitzer has bypassed due process and used McCarthy-like tactics to wage “corporate terrorism” against the insurance industry even while ignoring his own alleged conflicts of interest, a leading insurance industry executive recently charged. Ernie Csiszar, …
National Workers’ Comp Combined Ratio Best Since 1997 The nationwide workers’ compensation calendar year combined ratio for 2004 dropped four points to 105 percent, the best performance for the first time since 1997, according to NCCI Holdings Inc.’s preliminary analysis. …
For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the most successful cover electricians, auto mechanics, roofers, truck drivers, elevator operators and other blue-collar businesses. …
Welcome to Insurance Journal’s 14th Annual Program Directory, Volume 1. Information contained in this directory has been compiled by IJ’s staff as a resource for readers. For the purposes of this directory, a program is defined as “a group of …
During the summer of 2004, ISU Curry Insurance, a commercial insurance brokerage, was looking for a way to keep track of its 6,000 contacts. The answer came with the introduction to an Act! consultant who unleashed the power from within …
While liability premiums have stabilized, recruiting doctors to Nevada remains difficult because of six-figure annual medical insurance costs, board members of a doctor-owned insurance company told lawmakers recently. “Three years ago, we had no plans ever to be in the …
