Zurich Financial Services Group announced that Thomas Huerlimann (47, Swiss citizen), currently CEO Global Corporate in Europe, has been appointed to the position of CEO Global Corporate, effective immediately. Zurich noted that “he will succeed Mario Vitale, who has decided …
Taiwan’s financial regulator said it will make a decision on American International Group Inc’s sale of local unit Nan Shan Life Insurance Co in the first half of this year. The Financial Supervisory Commission (FSC) had asked Ruen Chen Investment, …
In a recent bulletin the Insurance Council of Australia (ICA) said it “has welcomed the National Disaster Insurance Review announced by the Federal Government.” ICA CEO Rob Whelan said the National Disaster Insurance Review has the full support of the …
As business becomes more globalized, the financial services industry, including insurance, has recognized the need to keep up with the changing times. Both U.S and European Union regulators have therefore embarked on several initiatives requiring mutual discussion and cooperation, as …
Giddings, Texas-based independent insurance agency, Insurance Network of Texas, announced that agency founder R.J. Nitsche passed his responsibilities as CEO to his son, Robert. Robert Nitsche most recently served as chief operating officer and chief financial officer. However, having grown …
States as far flung as Pennsylvania, Oklahoma and Wisconsin are considering, or have enacted, tort reform measures aimed at reducing the number of meritless lawsuits filed and lowering the cost of malpractice insurance. Even President Barack Obama has gotten into …
Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. Gen X, Gen Y agents: who are you? What do you really think about your career? About your …
One of the snowiest winters on record for the Midwest and northern U.S. Plains have crop watchers worried about a repeat of the massive flooding that hit one of the world’s top grain producing regions in 2008. Accumulated precipitation this …
The nation needs new solutions to improve the safety of natural gas pipelines coursing beneath neighborhoods, federal investigators said last week as a three-day hearing on last year’s deadly blast in a San Francisco suburb drew to a close. Dozens …
The Georgia House has unanimously approved legislation to prohibit state insurance commissioners from granting themselves insurance licenses without passing mandatory tests. The measure came after The Atlanta Journal-Constitution reported that outgoing Insurance Commissioner John Oxendine awarded himself several licenses the …
