Bermuda-based IPC Holdings, Ltd. announced that it expects third quarter 2005 earnings to be significantly impacted by Hurricane Katrina. According to a company release, “Based upon a preliminary analysis of the limited initial information available, we anticipate the net impact …
Connecticut Attorney General Richard Blumenthal announced new allegations in his lawsuit against insurance broker Marsh & McLennan Inc., including bid rigging, price fixing and illegally steering Connecticut businesses and consumers to favored insurers in exchange for tens of millions of …
An irate Connecticut Governor M. Jodi Rell said she would propose legislation to close a loophole that allowed American Crushing & Recycling, the owner of a truck involved in a July 29 fatal accident at the foot of Avon Mountain, …
Louisiana Attorney General Charles C. Foti, Jr., announced that two suspects were arrested in connection with a false promotional activity that targeted more than 2,500 New Orleans police officers, Orleans Parish Sheriffs’ deputies, firefighters and emergency personnel, Jefferson parish police …
Aon Corporation on Thursday announced the signing of a definitive agreement to sell Swett & Crawford, its U.S.-based wholesale broking operation, to an investor group including Hicks, Muse, Tate & Furst Incorporated, Banc of America Capital Investors and Emerald Capital. …
As Hurricane Rita keeps people on their toes in the Gulf Coast area, residents some 80 miles north of Los Angeles were greeted with a pair of earthquakes early Thursday afternoon. The largest recorded, a 4.9 quake, hit shortly following …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Farmers’ Mutual Insurance Association (FMIA) (New Zealand) and its core subsidiary, Farmers’ Mutual Insurance Limited (FMIL) (New Zealand), together, the core companies of Farmers’ Mutual Group (FMG). …
According to the Kentucky Office of Insurance in Frankfort, a Washington state company is selling Kentuckians bogus “auto bonds,” claiming that the product is a viable substitute for mandatory automobile insurance. The practice was uncovered after an employee from a …
According to Risk Management Solutions’ fourth annual U.S. Terrorism Risk Model, the risk of extreme terrorism-related events over the next five years, including terrorist attacks using chemical, biological, radiological, and nuclear (CBRN) weapons, has increased. The model, which incorporates the …
Denise T. Flatt has been named vice president of property/casualty claims for Harleysville Insurance. In this position, she is responsible for directing home office technical claims functions, specialty units and personnel. She also works closely with the company’s regional claims …
