More than two-thirds of young drivers and passengers killed in nighttime car crashes aren’t wearing seat belts — deadly proof of what can happen when young people don’t heed parents’ pleas and authorities’ threats to “click it.” Though seat belt …
A U.S. judge who oversaw the trial of executives accused of helping American International Group Inc. inflate reserves said there was sufficient evidence to show the conspiracy started with a phone call from the insurer’s former chief executive, Maurice “Hank” …
Certain kinds of carbon nanotubes — hailed as a new “wonder” material — behave like asbestos and could lead to a lung cancer that appears decades after exposure, an international team of researchers said on Tuesday. The findings suggest that …
Germany’s Allianz is in talks about the future of its Dresdner Bank unit and sees a real chance for banking consolidation in Germany, its chief executive said on Wednesday in remarks that boosted German bank shares. “Discussions are currently taking …
Bermuda’s XL Capital Ltd. is holding its third annual employee volunteer day — known as the “Global Day of Giving” — today Wednesday, May 21. The day is dedicated to supporting the communities in which XL companies operate. XL said …
Aon Re Global has named Jan-Oliver Thofern as the new CEO and Chairman of its German subsidiary, Aon Ruck, the largest reinsurance broker in the country. He was previously a member of the Company’s Executive Committee. Thofern succeeds former CEO …
Australian insurer QBE Group has withdrawn its offer to acquire Insurance Australia Group Limited (IAG), following the decision of IAG’s Board to recommend against accepting the offer. (See IJ web site – https://www.insurancejournal.com/news/international/2008/05/19/90129.htm). IAG’s Board said the offer, which represented …
The Central Pacific Hurricane Center is predicting slightly fewer than normal tropical cyclones to develop in the Central Pacific basin during the upcoming season. Forecasters at National Oceanic Atmospheric Administration’s hurricane center expect three to four tropical cyclones, while during …
May 18-24, 2008, marks National Insurance Women’s Week, a celebration recognizing the contributions women are making in all areas of the insurance industry. The National Association of Insurance Women began NAIW Week as National Insurance Women’s Day on May 10, …
Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, is introducing its new commercial lines product portfolio and Web-based underwriting application to agents in Colorado, Nevada, Utah, and Wyoming. Commercial IQ, the company’s Web-based application for commercial lines …
