As American International Group Inc. prepares to shed two big units, it looks set to follow the same path as Citigroup Inc. out from under the U.S. government’s wing. The government is likely to follow an exit strategy similar to …
Massachusetts workers’ compensation insurance rates would rise an average of 4.5 percent under a new rate proposal submitted by the Workers’ Compensation Rating and Inspection Bureau. The bureau is the licensed rating organization that files rates on behalf of insurers …
The Professional Insurance Agents of Connecticut Inc has elected new officers. They are: President Howard Olderman, of Milford, who is president of The Olderman and Hallihan Agency Inc. in Ansonia. President-elect: James Berliner, of Danbury, who is president of Berliner-Gelfand …
Connecticut insurance regulators have ordered insurer Zurich to pay $235,000 in fines for having unlicensed agents and adjusters, improperly rating commercial lines, and for lack of oversight for document retention. Insurance companies in Connecticut are required to formally appoint and …
Standard & Poor’s Ratings Services has placed its ratings on Prudential PLC and its operating subsidiaries, including the ‘A+’ long-term counterparty credit rating on Prudential, on CreditWatch with negative implications. S&P’s action follows the announcement that Prudential has reached an …
Catastrophe modeling firms Air Worldwide, Risk Management Solutions and EQECAT have all released preliminary analysis and estimates of the economic and the insured losses from the devastating 8.8 magnitude earthquake that struck Chile over the weekend [See IJ web site …
Windstorm Xynthia, which swept across Western Europe on Saturday and Sunday, [See IJ web site – https://www.insurancejournal.com/news/international/2010/03/01/107736.htm] left a lot of damage in its wake. The storm was responsible for 59 deaths in France, with a number of people still …
Foremost Insurance Group has expanded its dwelling fire program in Minnesota as of March 1, 2010. Foremost will target standard and preferred landlord and rental property customers with new, larger discounts and an overall rate decrease of 4.3 percent for …
Available to California agents, Union General has an “A+” rated carrier offering coverage for all types of basic daily care facilities for the elderly. The company provides physical/sexual abuse coverage, as well as professional liability and personal and advertising injury. …
Leadership is lightning in a bottle. There are as many definitions for it as there are leaders. Any rules that could be agreed upon as to what constitutes leadership could be quickly contradicted by an example of an effective leader …
