Zurich-based Converium Holding Ltd. announced that it has agreed in principle to sell its shareholdings in its Danish subsidiary Nordic Aviation Insurance. The buyer is reportedly Australia’s QBE, however, neither Converium nor QBE have confirmed this. Nordic Aviation Insurance is …
Environmental Insurance Program Manager, Freberg Environmental, Inc. (FEI) has launched an excess automobile liability program with an A.M. Best rated “A VIII” domestic insurance company. The excess auto liability insurance program provides limits of liability of up to $4 million. …
Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on Clarendon National Insurance Co. and its wholly owned subsidiary, Clarendon America Insurance Co., to ‘BBB+’ from ‘A+’. The outlook is negative. Both of these companies are …
Kris Pappas has been promoted to manager of Personal Excess Underwriting at California-based Anderson & Murison, the underwriter for the IBA West and IIABA endorsed programs for Personal Umbrella insurance. Anderson & Murison also reported that it is introducing Personal …
California Insurance Commissioner John Garamendi has announced the arrests of three Riverside, Calif., residents on charges that they allegedly filed a fraudulent auto theft claim on a car that was later found in an orange grove – with a bird’s …
In order to get the best possible results from this national survey, the ACORD-User Groups Information Exchange (AUGIE) has extended the period for agents, CSRs and other agency staff to complete the Agency Technology Survey. The survey, patterned after the …
American International Group Inc. (AIG) reported that Olin Wethington, former special envoy on China, U.S. Department of the Treasury, has joined AIG as chairman of AIG Companies in China, a new position. In this capacity, Wethington will oversee expansion of …
Illinois Attorney General Lisa Madigan reported the House unanimously passed the bipartisan Fair Patient Billing Act that establishes standards and responsible practices that all licensed hospitals, and the collection agencies they hire, must follow when they bill and collect debts …
Cigna Corporation in Philadelpha today reported that it has received an adverse ruling from a London arbitration panel concerning a dispute over a retrocessional reinsurance arrangement related to a portion of its runoff workers’ compensation reinsurance business written in the …
San Diego-based commercial insurance brokerage firm Cavignac & Associates recently held the first of two sessions of its new Occupational Safety and Health Administration (OSHA) 10-Hour Construction Safety Training Course. Cavignac & Associates is reportedly one of the first commercial …
