It happens quite often. An insured is sued and a question is raised as to whether there is insurance coverage for the claim. The insured states that “it thought it had coverage,” and if it does not have coverage, “it …
Andreas Beerli, CEO of Swiss Re’s Property & Casualty business in the Americas, recently hosted the company’s annual year-end economic and insurance industry review and outlook and led the discussion about current reinsurance landscape in light of this year’s hurricane …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) of Jupiter Insurance Ltd. (Jupiter) (Guernsey) and has assigned an issuer credit rating (ICR) of “aa-“. The outlook on both ratings is stable. The ratings reflect the …
With Gulf Coast residents and the insurance industry trying to recover from the country’s worst natural disaster ever, two Insurance Journal reporters set out to see for themselves the effects of Hurricane Katrina. During the last week of October, Insurance …
Wesley Bissett, vice president for government affairs and state relations for the Independent Insurance Agents & Brokers of America has been elected vice president of the National Insurance Producer Registry. Bissett is only the second vice president in NIPR’s 10-year …
Connecticut Insurance Commissioner Susan Cogswell has approved a slight boost in workers compensation insurance rates effective Jan. 1. She accepted the recommendations from the industry’s National Council on Compensation Insurance for an average increase of +0.8% for pure premium loss …
Superior Access Insurance Services, Inc. has recently hired Sunil Padiyar as chief technology officer, responsible for all technology and information systems. Padiyar has a long and distinguished history as a development leader for major software companies including Novell, LanTastic, SalesLogix, …
St. Paul Travelers announced today that more than 800 members of the Independent Community Bankers of America (ICBA) will share a $2,245,526 dividend, the second largest dividend to be awarded to those participating in the ICBA/St. Paul Travelers Insurance Program. …
Fort Worth, Texas-based Hallmark Financial Services Inc. has executed a definitive agreement to acquire Aerospace Holdings LLC. Aerospace, through various wholly-owned subsidiaries, including Aerospace Insurance Managers Inc., markets and services general aviation property and casualty insurance products, with a particular …
The Board of Directors of Converium Holding Ltd. has appointed Inga Kristine Beale (42) as the new chief executive officer of Converium. A British citizen, she is currently CEO and chairman of the board of management of GE Frankona Ruckversicherungs-AG, …
