As part of a cost-cutting initiative, Santa Monica, Calif.-based Fremont General Corp. has reduced the production and claim service offices of Fremont Compensation Insurance Group from 41 to 24. Of these remaining offices located in 17 states, 16 are full …
Equipment breakdown coverage: it’s the modern-day descendant of what has been traditionally referred to as boiler and machinery insurance. And today’s businesses need it just as much as they did in the old days. In fact, Denis O’Shea, assistant vice …
Creates New Frontier in Construction Defect Litigation, Definition of Pollution At the center of what could become one of the fastest growing areas of both construction defect litigation and toxic tort litigation is an extremely common organism found in virtually …
Concurrent with Chicago, Ill.-based Aon Corporation’s recent announcement of third-quarter 2000 earnings, the company laid out a preliminary blueprint for implementation of its “business transformation plan,” which will include a 6 percent reduction to its worldwide insurance underwriting and business …
Since its emergence just three years ago, the market for weather risks has become a significant new development on the radar screen of the reinsurance industry. “Weather is essentially a new class of risk that is now being introduced to …
Insurance Dot-Coms Shift Increasingly Toward the Agent In the fast-paced environment of Internet insurance, any attempt to define trends and categorize business models on the information highway can be an exercise in frustration. However, in some ways the dot-com race …
The hotly contested language of Section4(b)8 became a thing of the past on Oct. 4 when the National Association of Insurance Commissioners (NAIC) voted unanimously to delete the section from its Producer Licensing Model Act. “Because this one issue has …
A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. It was just the right thing at the right time,” Jean-Bernard Duler, CEO of Esurance, told Insurance Journal. “We …
It’s that time again—autumn of an election year. As politicians make the final big push toward Election Day, voters weigh the merits of individual candidates and decide which way their votes will go. It is in the spirit of that …
Thought-provoking speakers, panel discussions and educational sessions will dominate the agenda when the National Association of Independent Insurers (NAII) holds its 55th Annual Meeting on Oct. 22-25 at the Walt Disney World Dolphin and Swan in Orlando, Fla. Touted as …
