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

Ohio Auto Thefts Down 2% for 2nd Straight Year

Auto thefts in Ohio appear to have declined more than 2 percent for the second consecutive year, according to estimates released by the Ohio Insurance Institute. Based on auto theft survey results of 17 major Ohio city police departments and …

Hondros College Announces Online CE Course for Texas

Hondros College, a nationwide provider of online continuing education courses, launches an online insurance curriculum for Texas. The courses, specifically designed to meet the needs and requirements of Texas insurance agents, allow students to learn valuable skills and earn CE …

S&P Assigns Austria’s UNIQA ‘A’ Rating

Standard & Poor’s Ratings Services announced that it has assigned its “A” insurer financial strength and counterparty credit ratings to Austrian insurers UNIQA Personenversicherung AG (UPV) and UNIQA Sachversicherung AG (USV) with a stable outlook. “The ratings on UPV and …

S&P Rates Shell Captive ‘AA’

Standard & Poor’s Ratings Services announced that it has assigned its “AA” long-term counterparty credit and insurer financial strength ratings to Swiss-based Solen Versicherungen AG (SVAG), a wholly owned captive insurer of the Royal Dutch/Shell Group of Companies, which are …

AIG Names Comptroller, Treasurer; Adopts Independent Director By-Laws

American International Group has named David L. Herzog as its new comptroller. He has also been elected an AIG senior vice president, reporting to Steven J. Bensinger, AIG executive vice president and chief financial officer. Robert A. Gender has been …

Bad Week for Romney Auto Reforms Continues as Mass. Agents Oppose Competitive Rating

The day after a court struck a blow to his administration’s reforms of the state’s auto insurance residual market, the powerful independent agents’ lobby also pulled the rug out from under some of Gov. Mitt Romney’s other key reforms. The …

Nationwide’s Allied Insurance Looking for Agents in Eastern States

The independent agency arm of giant Nationwide Insurance is expanding its reach and looking for agents in the East and South. Allied Insurance, which currently has more than 4,500 independent agency locations in the West and Midwest, began writing personal …

R&SA to Sell Rothschild Stake to Hong Kong’s Jardine

The U.K.’s Royal & SunAlliance announced that it has agreed to sell its 21.5 percent shareholding in Rothschilds Continuation Holdings AG. Jardine Strategic Holdings Limited, a Hong Kong-based subsidiary of Jardine Matheson, will acquire 20 percent and the Rothschilds Continuation …

Best Affirms ING Canada Ratings, Including Acquired Allianz Operations

A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had upgraded the financial strength ratings to …

Flash Floods Cause Heavy Damage in U.K.’s North Yorkshire Region

Flash floods that hit the North Yorkshire region of Britain on Sunday night have left a heavy toll in their wake. While no loss of life has been reported, many houses have been destroyed, a number of roads and bridges …