If, as the saying goes, “it’s an ill wind that blows no man good,” then the UK’s insurance sector may be set to profit from the turmoil in other parts of the financial community. That’s the conclusion voiced by Dr. …
While most people aren’t terribly pleased by the turmoil in the banking sector, their satisfaction with Lloyd’s of London appears to be growing. A recent poll concludes that overall customer satisfaction with Lloyd’s “has improved year on year, with its …
The people at Chubb Insurance Group’s personal lines insurance unit, which serves people with above-average needs, have 10 new prospects right outside their window. Ten employees in the IT department of Chubb Commercial Insurance, in the building next to the …
Nearly a year after the first fatal injury at America’s most famous horse race, Churchill Downs announced this week it is beefing up safety requirements ahead of this year’s Kentucky Derby. The company is enacting more than 20 changes, ranging …
A Long Island teenager is suing Facebook and four former high school classmates for allegedly bullying her in a private forum on the social networking site. Denise Finkel, now a student at the University of Albany, filed suit in Manhattan …
New York state will try to sell Midland Insurance, which is being liquidated with almost $1 billion of assets and $2.9 billion of liabilities, in the first-ever sale to private investors, the state insurance chief said Wednesday. Midland was both …
A group of 10 workers from a Chubb Insurance office in New Jersey are winners of a $216 million Mega Millions lottery. The news, first reported by CBS2-TV news this morning, was confirmed with Chubb by Insurance Journal. The employees …
At an average cost of $502 per year, home insurance in Oregon is among the least costly in the nation, according to a nationwide survey. For example, the average homeowner’s premium was $1,257 in Louisiana and $603 in neighboring Washington. …
Standard & Poor’s Ratings Services has said that its rating actions on American International Group Inc. and its insurance subsidiaries “have no effect on the ratings on Transatlantic Holdings Inc. (TRH – ‘BBB+’/Stable/–) or any of TRH’s operating subsidiaries.” These …
Delaware licensed 22 captive insurance firms in 2008, bringing its total number of active licenses to 40. This represents 122 percent growth during the calendar year and marks a significant increase over the five captives that were licensed prior to …
