Monthly Archives: <span>June 2006</span>

S&P Reacts to Winterthur Sale; AXA Revised to ‘Stable’; Winterthur to ‘Positive’

Standard & Poor’s Ratings Services reacted quickly to the announcement that AXA and Credit Suisse have reached an agreement to sell Winterthur, the Swiss bank’s insurance division to the French insurer for CHF 12.3 billion (around $10 billion – €7.9 …

AXA, Credit Suisse Agree on $10 Billion Winterthur Sale

This time around the AXA Group and Credit Suisse lost no time in coming to an agreement to sell Winterthur, the Swiss bank’s insurance division, to the French insurer for CHF 12.3 billion (around $10 billion – €7.9 billion). The …

Conn. Uncovers 1,700 Trucking Violations in 3-Day Crackdown

Connecticut motor vehicle inspectors took more than 50 truck drivers off the road and discovered more than 1,700 violations during a three-day crackdown last week on Connecticut roads, officials said. Inspectors from the state departments of Public Safety and Motor …

Alberto Moves Into Southern Georgia

After Tropical Storm Alberto moved inland this afternoon south of Tallahassee, Fla., with 50 mph winds and heavy rain it moved across Florida and is now buffeting southeastern Georgia with heavy rain. According to the National Hurricane Center in Miami, …

Rand Study: Small Public Firms Felt Effects of Sarbanes-Oxley

Small publicly traded companies were disproportionately affected by the Sarbanes-Oxley Act – a federal law that tightened financial reporting requirements for publicly owned companies – in the first year after the law was enacted in 2002, according to a RAND …

Lexington Introduces New Warehouse Legal Liability Policy

Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has introduced Warehouse Legal Liability insurance, a new policy providing coverage for the warehousing, trucking and logistics industries. The new policy addresses legal liability that may arise from …

Study: Stability Control Technology Could Reduce Fatal Crashes

Ten thousand fatal automobile crashes a year, nearly one-third of all such accidents, could be prevented if more vehicles were equipped with technology that helps to keep them from rolling over, the insurance industry said Tuesday. A study from the …

Kan. Commissioner Praeger Attends Interstate Compact Press Conference

Kansas Insurance Commissioner Sandy Praeger was among a gathering of other state regulators today at the National Press Club in Washington D.C. for a news conference which outlined plans for the implementation of the Interstate Insurance Product Regulation Compact. The …

Women Wanted: Securian Financial of N.D. Seeks Female Advisors

Flexibility, unlimited earnings potential and the opportunity to positively affect lives make financial advising a great career for women. Securian Financial Services of North Dakota is out to spread the word about this career and recruit more women. According to …

CIMA Companies Acquire ENI Insurance Services

The CIMA Companies, Inc. (www.cimaworld.com), the Alexandria, VA-based insurance broker and risk management firm, has acquired ENI Insurance Services of Havre de Grace, MD. ENI’s commercial and personal insurance operations are now part of Corporate Insurance Management, Inc., CIMA’s property/casualty …