WellPoint Inc., the country’s largest health insurer, is in talks to buy WellChoice Inc., an insurer with about 5 million customers in New York and New Jersey, according to a published report. The New York Times reported the talks in …
There is a strong likelihood another hurricane will occur in October and the most likely landfall will be Florida and Gulf region, according to meteorologists with the Hurricane Research Division of the National Oceanic and Atmospheric Administration. Researchers also warn …
SUNZ Insurance Company of St. Petersburg, Fla. has selected Delphi Technology Inc.’s OASIS ASP system to manage its workers’ compensation line and help it provide insurance products and services to professional employer organizations, staffing companies and other preferred large risks. …
The U.K.’s Brit Insurance Holdings PLC announced that it has preliminarily estimated its combined loss claims from Hurricane Katrina, the New Orleans Flood and Rita at 145 million pounds ($256 million). “This comprises 125 million pounds ($220.8 million) for Katrina/NOF …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB+” counterparty credit and senior debt ratings and “BBB” subordinated debt rating on Bermuda-based AXIS Capital Holdings Ltd. S&P also affirmed its “A” counterparty credit and financial strength ratings …
Imagine Insurance Company Limited, a member of The Imagine Group, announced that it has entered into an agreement in principle to acquire all of the outstanding shares of Abacus Syndicates Limited and Abacus Underwriting Agency Limited, subject to final documentation …
Bermuda-based RenaissanceRe Holdings Ltd. announced that it has received a “Wells Notice” from the staff of the U.S. Securities and Exchange Commission. The SEC is investigating RenRe’s “restatement of the Company’s financial statements,” said the announcement. A Wells Notice is …
Nancy Cordero has been promoted from underwriter to marketing representative at San Diego-based Reliant General Insurance Services. Cordero’s responsibilities will include managing and providing training and marketing to a select group of brokers throughout the state of California, as well …
Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Katrina of $78 million, or $0.61 per diluted share. Safeco’s gross pretax losses before reinsurance are estimated to be $170 million. After reinsurance, net pretax catastrophe losses from Hurricane Katrina are …
The Hartford Financial Services Group Inc. on Tuesday announced that its subsidiaries, Hartford Fire Insurance Company, Hartford Casualty Insurance Company, and Twin City Fire Insurance Company, have agreed to transfer their New Jersey homeowners, dwelling fire, and personal excess liability …
