The former head of the American International Group unit that precipitated a $182 billion bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of securities that included subprime …
In a recently published report Standard & Poor’s Ratings Services said that it believes “underlying underwriting performance in the U.K. non-life insurance industry has come under increasing pressure from margin erosion.” The report, “Price Rises Give Cause For Cautious Optimism …
Overall risks facing the European insurance sector may not have significantly increased in the first half of 2010 but they have changed in their nature, the European Union’s insurance watchdog said on Tuesday. “For the next twelve months, some risks …
Rockwood Programs, Inc. has revised its life/accident and health insurance agents’ errors and omissions (E&O) offering by embedding $100,000 limit general liability coverage in the product. These coverage additions are being included at no cost to the policyholder. The changes …
Lexington Insurance Co., a Chartis company, has extended its CrisisResponse coverage to healthcare facilities and physician groups. The coverage is designed to provide expertise and resources to properly manage and control the immediate aftermath of a crisis event, as defined …
Print it yourself. That’s what New Jersey’s insurance regulator is telling insurance agents about their insurance licenses. The department issued a new bulletin advising agents and public adjusters in the state that, starting next month, it will no longer print …
The Insurance Women of North San Diego County affiliated with the National Association of Insurance Women, International, has named its 2010 Award winners: Corporate Partner of the Year-ServiceMaster Complete Restoration; Rookie of the Year- JoAnn Schaub of Leavitt Agency of …
Zurich North America Commercial has raised the available capacity for its specialty errors & omissions business from $10 million to $25 million and removed revenue restrictions for primary business. In addition, Zurich is broadening its targeted markets to focus on …
Montana Commissioner of Securities and Insurance Monica J. Lindeen has announced a settlement with Goldman, Sachs Inc. Under the agreement, Goldman Sachs has agreed to immediately repurchase from Montana investors the $25.65 million in auction rate securities it sold before …
The ISU Network and Burns & Wilcox Ltd. have entered into a service agreement for ISU’s agency members in the Midwest. This agreement partners the expertise and market access of Burns & Wilcox with the retail distribution capabilities of ISU …
